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

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