AAR Corp. AIR reported first-quarter fiscal 2018 earnings of 31 cents per share, in line with the Zacks Consensus Estimate. The bottom line also inched up 0.2% from the year-ago figure of 29 cents.Total RevenueNet sales came in at $439.2 million in the fiscal first quarter, beating the Zacks Consensus Estimate of $412 million by 6.6%. Also, revenues increased 8.5% from $404.8 million in the year-ago quarter.Segment DetailsIn the reported quarter, Aviation Services reported revenues of $371.3 million, up 11% year over year.Expeditionary Services garnered revenues of $67.9 million, down 3.3% from $70.2 million in the year-ago quarter.AAR Corp. Price, Consensus and EPS Surprise AAR Corp. Price, Consensus and EPS Surprise | AAR Corp. QuoteHighlights of the ReleaseIn the fiscal first quarter, AAR Corp.’s cost of sales increased 9.1% year over year to $374.7 million.Selling, general and administrative expenses increased 7.1% to $48 million.The company incurred interest expenses of $1.7 million, higher than $1.3 million in the year-ago quarter.Financial ConditionAs of Aug 31, AAR Corp.’s cash and cash equivalents were $15.1 million, up from $10.3 million as of May 31, 2017.As of May 31, net property, plant and equipment were $198.1 million compared with $201.9 million as of May 31, 2017.As of Aug 31, total debt increased to $192.9 million from $159.3 million as of May 31, 2017.Dividend HistoryDuring the reported quarter, the company paid dividends of $2.6 million or 7.5 cents per share.Zacks RankAAR Corp currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming Peer ReleasesRockwell Collins, Inc. COL is expected to report fourth-quarter fiscal 2017 results on Oct 23.Raytheon Company RTN is anticipated to report third-quarter 2017 results on Oct 26.Spirit AeroSystems Holdings, Inc. SPR is expected to report third-quarter 2017 results on Nov 7.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rockwell Collins, Inc. (COL): Free Stock Analysis Report AAR Corp. (AIR): Free Stock Analysis Report Spirit Aerosystems Holdings, Inc. (SPR): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research