AAR Corp. (NYSE:AIR) Q4 2024 Earnings Conference Call July 18, 2024 5:00 PM ET
Company Participants
John Holmes - Chairman, President and CEO
Sean Gillen - Chief Financial Officer
Conference Call Participants
Michael Ciarmoli - Truist Securities
Bert Subin - Stifel
Scott Mikus - Melius Research
Louie DiPalma - William Blair
Kenneth Herbert - RBC Capital Markets
Operator
Good afternoon, everyone, and welcome to AAR's Fiscal 2024 Fourth Quarter Earnings Call. We're joined today by John Holmes, Chairman, President, and Chief Executive Officer, and Sean Gillen, Chief Financial Officer.
Before we begin, I would like to remind you that the comments made during the call may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly, these statements are no guarantee of future performance. These risks and uncertainties are discussed in the company's earnings release, and risk factor section of the company's annual report on Form 10-K for the fiscal year ended May 31, 2024, which we expect to be on file with the SEC shortly. In providing the forward-looking statements, the company assumes no obligation to provide updates to reflect future circumstances or anticipated or unanticipated events.
Certain non-GAAP financial information will be discussed in the call today. A reconciliation of these non-GAAP measures to the most comparable GAAP measures is set forth in the company’s earnings release.
A replay of this conference call will be available for on-demand listening shortly after the completion of the call on AAR’s website.
At this time, I would like to turn the call over to AAR’s Chairman, President and CEO, John Holmes.
John Holmes
Thank you, And thank you to everyone for joining us this afternoon. We are very proud of the record performance we delivered during our FY 2024. I want to thank our team for their tireless efforts. AAR advanced strategic initiatives, sharpened focus, completed our largest ever acquisition, and we executed well across the company. We are benefiting from structural tailwinds from high levels of air travel and an aging fleet, which drives demand for our aftermarket services. Our company is more focused than ever before within our three main segments: Parts Supply, Repair & Engineering and Integrated Solutions. We are making investments in each of these three segments to drive growth, improve our efficiency, and deliver higher margins. We saw the benefits from these investments in our FY 2024 and expect them to continue in our FY 2025.