### AAR Corp (AIR) Q1 Earnings Highlights:
**Earnings:**
- Reported earnings for Q1 stand at $18.0 million, a significant improvement compared to a loss of $0.6 million during the same period last year.
- Earnings Per Share (EPS) are $0.50 for Q1, contrasting with a loss of $0.02 per share in the previous year's first quarter.
- Adjusted earnings, excluding certain items, amounted to $30.3 million or $0.85 per share.
**Analyst Projections:**
- Analysts had anticipated an EPS of $0.82.
**Revenue:**
- The company reported revenues of $661.7 million for Q1, up from $549.7 million in the same period last year.