Picture of Aersale logo

ASLE Aersale News Story

0.000.00%
us flag iconLast trade - 00:00
IndustrialsAdventurousSmall CapSuper Stock

AerSale Q1 net loss narrows on higher engine, B757 freighter leasing

Overview

Aviation aftermarket services firm's Q1 revenue grew 7.4% yr/yr

Net loss narrowed to $3.5 mln from $5.3 mln a year earlier

Adjusted EBITDA more than doubled, driven by increased leasing and flight equipment sales

Outlook

Company expects margin pressure from new facility start-up costs to normalize as volumes increase

AerSale anticipates continued strength in high-demand engine leasing during lease periods

Company remains focused on monetizing assets and delivering a more consistent earnings profile over time

Result Drivers

LEASING ACTIVITY - Revenue growth was primarily driven by increased engine and B757 freighter leasing activity and an expanded lease pool

FLIGHT EQUIPMENT SALES - Higher flight equipment sales contributed to increased adjusted EBITDA and revenue

MRO FACILITY PERFORMANCE - Improved performance at Goodyear and Millington MRO facilities aided results, partly offset by lower USM and MRO parts sales and reduced Roswell revenue

Company press release: ID:nGNX6wYwnb

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMiss$70.60 mln$87.05 mln (2 Analysts)
Q1 EPS-$0.07
Q1 Net Income-$3.50 mln
Q1 Gross Margin26.70%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Aersale

See all news