AAR Corp.

Good afternoon, ladies and gentlemen. Welcome to AAR's fiscal 2021 third quarter earnings call. We're joined today by John Holmes, 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 Security and Litigation Reform Act of 1995. As noted in the company's news release and its risk factor section of the company's Form 10-K for the fiscal year ending May 31, 2020, In providing the policy statements, the company assumes no obligation to provide updates to reflect future circumstances or anticipate or unanticipated events. At this time, I'd like to turn the call over to AAR's President and CEO, John Holmes.

Great. Thank you very much, and good afternoon, everyone. I appreciate you joining us today to discuss our third quarter fiscal year 2021 results. I would like to begin the call by once again recognizing our employees. Their unwavering commitment, professionalism, and flexibility have allowed us to continue to support our customers without interruption over the past year. I am grateful for their loyalty and sacrifices and thank them all for what they have done and continue to do for AAR. Turning the corner, our sales decreased 26% year-over-year from $553 million to $410 million, and our adjusted diluted earnings per share from continuing operations decreased 45%, from 67 cents per share to 37 cents per share.

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