WOOD DALE, Ill. (AP) _ AAR Corp. (AIR) on Tuesday reported a fiscal fourth-quarter loss of $16.5 million, after reporting a profit in the same period a year earlier.
The Wood Dale, Illinois-based company said it had a loss of 47 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, were 26 cents per share.
The airplane maintenance company posted revenue of $416.5 million in the period.
For the year, the company reported profit of $4.4 million, or 13 cents per share. Revenue was reported as $2.07 billion.
AAR shares have declined 57% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.17, a decline of 54% in the last 12 months.