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AAR Corp. (AIR) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

AAR Corp. (AIR) Analyst/Investor Day May 12, 2026 8:30 AM EDT

Company Participants

Christopher Tillett – Vice President of Investor Relations
John Holmes – Chairman, President & CEO
Christopher Jessup – Senior VP & Chief Commercial Officer
Frank Landrio – Senior Vice President of Distribution
Tom Hoferer – Senior Vice President of Repair & Engineering
Andrew Schmidt – Senior Vice President of AAR Digital Services & Trax
Nicholas Gross – Senior Vice President of Integrated Solutions
Dylan Wolin – Chief Financial Officer & Senior VP

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Conference Call Participants

Kenneth Herbert – RBC Capital Markets, Research Division
Scott B. Blumenthal – Emerald Research
Sheila Kahyaoglu – Jefferies LLC, Research Division
Noah Levitz – William Blair & Company L.L.C., Research Division
Joshua Bennett – Weatherbie Capital, LLC
Kyle Wenclawiak – Jefferies LLC, Research Division
Michael Leshock – KeyBanc Capital Markets Inc., Research Division
Scott Mikus – Melius Research LLC
Matthew Hayes

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Operator

Please welcome Vice President, Investor Relations, Chris Tillett.

Christopher Tillett
Vice President of Investor Relations

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Good morning, everyone. It’s great to be here with you today at our — and thank you for coming to AAR’s 2026 Investor Day. I see many familiar faces in the crowd, but for those of you I don’t know, my name is Chris Tillett. I’m the Vice President of Investor Relations here at AAR.

So before we begin, a couple of mandatory housekeeping items. Today’s presentation contains forward-looking statements, which are subject to a number of risks. Actual results may vary for reasons that we cite in our Form 10-K and other SEC filings, and reconciliations to any non-GAAP financial measures discussed during today’s presentation can be found in the back of the deck.

So on the basis of presentation, you may have seen last week that we announced a resegmenting of our business and repositioning of our portfolio with the intended wind down of our Commercial

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Samsung, labor union to meet in ‘last chance’ talks to avert costly strike

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Samsung, labor union to meet in ‘last chance’ talks to avert costly strike

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The Winners and Losers of Oil’s New World Order

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The Winners and Losers of Oil’s New World Order

The war in Iran has triggered the largest oil-supply disruption in modern history. 

The crisis in the Strait of Hormuz is forcing governments to redefine energy security for an age of geopolitical fragmentation—one in which resilience depends not only on how much oil the world produces, but where it flows, who can get it and which countries are able to absorb the shock when it is interrupted.

Nearly 15% of global oil supply has been removed from the market. Crude prices remain elevated above $100 a barrel after initially spiking higher. They will very likely move sharply higher as inventories run dry.

But while the oil market is global and rising costs are felt everywhere, the consequences are not evenly distributed.

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Dino Polska: Growth Intact, Profitability Still Under Pressure

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Dino Polska: Growth Intact, Profitability Still Under Pressure

Dino Polska: Growth Intact, Profitability Still Under Pressure

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FedEx: SOTP Valuation Suggests That The Easy Money Has Already Been Made (NYSE:FDX)

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FedEx: SOTP Valuation Suggests That The Easy Money Has Already Been Made (NYSE:FDX)

This article was written by

An independent investor in the Indian and US equity markets with a CFA Charter and a PhD in Finance from University of Durham, U.K. I hold an Honorary Associate Professor in Finance and Corporate Governance title at Brunel University London. I have a YouTube and a Podcast channel, titled The Stock Doctor,’ where I discuss my views on the US and Indian markets every week. In addition, I actively undertake quantitative research in the areas of US equities, Behavioural Finance, Corporate Governance, Activist Hedge Funds, Cryptocurrencies and M&A , and have published in top-ranked peer-reviewed journals.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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China and ASEAN’s Cooperation as a Blueprint for Worldwide Climate Leadership

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Asia's Clean Energy Boom Reshapes the Global Power Sector and Unlocks a $15 Billion Market

China-ASEAN green economic cooperation is driving sustainable development, with China investing $5.2 billion in ASEAN energy projects (2019-2023). Bilateral trade reached $1 trillion in 2025. Projects like Cambodia’s Lower Sesan II hydropower station exemplify mutual benefits through clean energy, job creation, and technology transfer.

Key Points

• China-ASEAN green economic cooperation is a key pillar of their comprehensive strategic partnership, with Chinese enterprises contributing $5.2 billion in energy-related greenfield projects (2019–2023) and bilateral trade reaching $1 trillion in 2025, driven significantly by electric vehicle exports.

• Major collaborative energy projects, including hydropower, wind, and solar initiatives across Cambodia, Laos, and Malaysia, have seen installed capacity grow 15-fold since 2014, creating jobs and supporting local economic development.

• The partnership serves as a replicable Global South model, emphasizing technology transfer, green finance training, and mutual benefit without political conditions, while jointly advancing Paris Agreement goals and regional energy transition.

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China-ASEAN Green Economy Cooperation: A Strategic Partnership for Sustainable Development

Growing Collaboration Rooted in Policy and Investment

Green economic collaboration between China and ASEAN has emerged as a cornerstone of their comprehensive strategic partnership, now marking its fifth anniversary. Guided by the Plan of Action to Implement the ASEAN-China Comprehensive Strategic Partnership (2026–30), the cooperation focuses on green industrialization, emerging energy technologies, and mobilizing green investment. China ranks as the top source of public clean energy investment in Southeast Asia from 2013 to 2023. Chinese enterprises have contributed a cumulative $5.2 billion in energy-related greenfield projects between 2019 and 2023, while bilateral trade reached $1 trillion in the first 11 months of 2025, growing 8.5 percent year-on-year.


Complementary Strengths Driving Tangible Energy Transformation

China’s Complete Green Industry Chain Meets ASEAN’s Renewable Potential

China’s advanced green technology and mature development experience align naturally with ASEAN’s abundant renewable energy resources and vast market potential. By end of 2024, investment in hydropower, wind, and photovoltaic projects had surged more than fivefold compared to 2014, with installed capacity skyrocketing 15-fold. Landmark projects — including Cambodia’s Lower Sesan II hydropower station, Laos’ Monsoon Wind Power project, and Malaysia’s Sejingkat energy storage facility — illustrate this synergy. The Lower Sesan II project alone generates 1.97 billion kilowatt-hours annually, serving approximately 2.6 million people, while simultaneously training over 20 Cambodian engineers through structured mentorship programs.

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A Replicable Model for Global South Climate Governance

Technology Transfer and Mutual Respect as Foundations for Broader Impact

Beyond regional benefits, ASEAN-China green cooperation is increasingly recognized as a scalable model for developing nations worldwide. Operating on principles of mutual respect, equality, and mutual benefit — free from political conditions — China supports ASEAN through technology transfer, capacity building, and green finance training. Notable examples include the China-Cambodia South-South cooperation low-carbon demonstration zone in Preah Sihanouk Province and joint karst research recognized by the UN Office for South-South Cooperation. Secretary-General Shi Zhongjun emphasized that by jointly advancing the Paris Agreement goals and promoting energy transition, China and ASEAN are actively safeguarding the common interests of the Global South while contributing meaningfully to global climate governance.

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These Stocks Are Today’s Movers: Intel, Boeing, Cerebras, Microsoft, DexCom, Figma, Coherent, Coinbase, and More

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These Stocks Are Today’s Movers: Intel, Boeing, Cerebras, Microsoft, DexCom, Figma, Coherent, Coinbase, and More

These Stocks Are Today’s Movers: Intel, Boeing, Cerebras, Microsoft, DexCom, Figma, Coherent, Coinbase, and More

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How can the PM improve the lives of  Londoners?

The BBC Politics London show asks three bodies which policies could improve Londoners’ lives.

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Swatch shuts stores after crowds queue for new watch

Hundreds of people queue outside branches across the UK to get the £335 item.

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Korean Stocks Are Up 89%. Hedge Funders Suggest How to Play It.

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Korean Stocks Are Up 89%. Hedge Funders Suggest How to Play It.

Korean stocks have soared nearly 80% this year, making them the world’s best-performing market. But hedge fund managers at the Sohn Investment Conference this past week still saw bargains in an often-overlooked market that’s bigger than Canada’s, with gross domestic product per capita on par with Japan. As PLP Funds founder and Chief Investment Officer Jonathan Lennon said, the world “is coming to Korea” as a leader in chips, ships, and defense.

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David Tepper’s Appaloosa Raises Stakes in Amazon, Uber. It Exits American, Trims Alibaba.

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David Tepper’s Appaloosa Raises Stakes in Amazon, Uber. It Exits American, Trims Alibaba.

Hedge fund Appaloosa, run by billionaire David Tepper, took an axe to many of its stock holdings in the first quarter of the year, reducing the size of its overall portfolio by nearly a billion dollars compared to the end of 2025 to just under $6 billion.

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