Latest news with #AerSale
Business Wire
06-08-2025
- Business
- Business Wire
AerSale Reports Second Quarter 2025 Results
MIAMI--(BUSINESS WIRE)--AerSale Corporation (Nasdaq: ASLE) ('AerSale' or the 'Company') today reported results for the second quarter ended June 30, 2025. The Company's revenue was $107.4 million, an increase of 39.3% from $77.1 million in the prior year. The increase in year-over-year revenue was primarily the result of more flight equipment sales during the period, which tend to be volatile quarter-to-quarter. In the current period, the Company sold $33.4 million of flight equipment, compared to $17.9 million in the prior-year period. Eight engines were sold in the second quarter of 2025 compared to five engines in the prior year period. Excluding 1 flight equipment sales of $33.4 million, revenue increased 25.0% to $74.0 million in the second quarter of 2025, compared to $59.2 million in the second quarter of 2024 (excluding flight equipment sales of $17.9 million), driven by strong commercial demand for Used Serviceable Material ('USM') and AerSafe™ products, along with additional contributions from the engine leasing portfolio and landing gear solutions. As a reminder to investors, the Company's revenue is likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales, and therefore, progress should be monitored based on USM sales, as well as maintenance, repair and overhaul ('MRO') activity, and our ability to acquire feedstock. Nick Finazzo, AerSale's Chief Executive Officer, commented, 'We delivered encouraging results in the second quarter, with revenue increasing 39.3% to $107.4 million, driven by flight equipment sales and continued strength in our core business activities. Our strategic focus on monetizing flight equipment and expanding our service offerings has yielded significant improvement in adjusted EBITDA to $18.3 million from $3.2 million in the prior year period. The growth in our Asset Management Solutions segment and the ongoing commercial demand for USM parts demonstrate the effectiveness of our business model.' Finazzo added, 'Looking ahead, we remain well-positioned to capitalize on market opportunities with our strong inventory position and expanded operational capabilities as we continue to execute on our strategic initiatives through 2025.' Asset Management Solutions revenue in the second quarter of 2025 increased to $76.3 million compared to $41.8 million in the second quarter of 2024, due to higher flight equipment sales, strong USM demand, and a more robust leasing portfolio. Excluding flight equipment sales of $33.4 million, which are volatile, Asset Management Solutions sales were up 79.5% year-over-year to $42.9 million versus $23.9 million (excluding flight equipment sales of $17.9 million) in the prior year period, driven by USM volume and higher leasing. Flight equipment sales also benefitted in the quarter from two engines that were scheduled to deliver in the first quarter of 2025 that moved into the second quarter of 2025. TechOps revenue in the second quarter of 2025 decreased 11.9% to $31.1 million from $35.3 million in the second quarter of 2024. Lower revenue was attributable to the conclusion of a significant customer contract at the Company's Goodyear, Arizona facility and the transition of the Roswell, New Mexico facility from providing heavy maintenance to performing storage and decommission. The decline in heavy MRO was partially offset by new short-term contracts awarded at the Goodyear facility and higher service revenues from the Company's aerostructures and landing gear MROs, as well as its engineered solutions product, AerSafe™. Gross margin was 32.9% in the second quarter of 2025 versus 28.2% in the same period last year due to mix, higher overall volume and cost controls. Selling, general, and administrative expenses were $22.8 million in the second quarter of 2025 versus $23.6 million in the second quarter of 2024. AerSale incurred $0.7 million of share-based compensation expense in the second quarter of 2025, versus $1.1 million in the second quarter of 2024. Lower SG&A expense compared to the prior-year period despite higher revenue reflects cost reduction efforts taken over the past 12 months. Income from operations was $12.5 million in the second quarter of 2025 compared to loss from operations of $1.9 million in the second quarter of 2024. Income tax expense was $1.8 million in the second quarter of 2025, compared to an income tax expense of $0.5 million in the second quarter of 2024. GAAP net income for the second quarter of 2025 was $8.6 million, compared to GAAP net loss of $3.6 million in the prior year period. AerSale recognized a mark-to-market adjustment income of $0.1 million related to the private warrant liability, $0.7 million of share-based compensation expenses within payroll expenses, and $0.4 million in facility relocation costs during the second quarter of 2025. Excluding these non-cash and unusual items adjusted for tax, adjusted net income was $9.4 million in the second quarter of 2025, compared to adjusted net loss of $2.6 million in the second quarter of 2024. Diluted earnings per share was $0.18 for the second quarter of 2025 and diluted loss per share was $0.07 in the second quarter of 2024. Adjusted for the non-cash and unusual items noted above, adjusted diluted earnings per share was $0.20 for the second quarter of 2025 compared to adjusted diluted loss per share of $0.05 in the second quarter of 2024. Adjusted EBITDA in the second quarter of 2025 was $18.3 million versus $3.2 million in the second quarter of 2024. This increase reflected the broad based growth across the company, and stronger cost controls. AerSale ended the quarter with $68.8 million of liquidity consisting of $5.7 million of cash and cash equivalents and available capacity of $63.1 million on its $180 million revolving credit facility, expandable to $200 million, subject to conditions and the availability of lender commitments and borrowing base liabilities. Cash provided in operating activities was $19.8 million for the three months ended June 30, 2025, primarily due to strong USM and flight equipment sales that offset new investments in inventory as the Company closed on acquisitions awarded during the prior year. Conference Call Information The Company will host a conference call today, August 6, 2025, at 4:30 pm Eastern Time to discuss these results. A live webcast will also be available at Participants may access the call at 1-844-676-3010, international callers may use 1-412-634-6873, and request to join the AerSale Corporation earnings call. A telephonic replay will be available shortly after the conclusion of the call and until August 20, 2025. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 10200716. An archived replay of the call will also be available on the Investors portion of the AerSale website at Non-GAAP Financial Measures This press release includes non-GAAP financial measures, including adjusted EBITDA, adjusted net income (loss), and adjusted diluted earnings (loss) per share. AerSale defines adjusted EBITDA as net income (loss) after giving effect to interest expense, depreciation and amortization, income tax expense (benefit), and other non-recurring or unusual items. Adjusted net income (loss) is defined as net income (loss) after giving effect to mark-to-market adjustments relating to our private warrants, share-based compensation expense and other non-recurring or unusual items. Adjusted diluted earnings (loss) per share also exclude these material non-recurring or unusual items. AerSale believes these non-GAAP measures provide useful information to management and investors regarding certain financial and business trends relating to AerSale's financial condition and results of operations. AerSale's management uses certain of these non-GAAP measures to compare AerSale's performance to that of prior periods for trend analyses and for budgeting and planning purposes. These non-GAAP measures should not be construed as an alternative to net income (loss) or net income (loss) margin as an indicator of operating performance or as an alternative to cash flow provided by (used in) operating activities as a measure of liquidity (each as determined in accordance with GAAP). This press release also includes revenue excluding flight equipment sales, which is a non-GAAP measure, to remove the impact of volatility on AerSale's total revenue and Asset Management Solutions segment revenue. AerSale believes presenting revenue without flight equipment sales is useful because it allows a meaningful comparison of revenue from period to period by eliminating the volatile nature of whole asset sales. However, revenue excluding flight equipment sales should not be considered in isolation or as an alternative to revenue calculated and presented in accordance with GAAP. You should review AerSale's financial statements and not rely on any single financial measure to evaluate AerSale's business. Other companies may calculate adjusted EBITDA, adjusted net income, or adjusted diluted earnings per share differently, and therefore AerSale's adjusted EBITDA, adjusted net income (loss), or adjusted diluted earnings (loss) per share measures may not be directly comparable to similarly titled measures of other companies. Reconciliations of net income (loss), the Company's closest GAAP measure, to adjusted EBITDA, adjusted net income (loss), and adjusted diluted earnings (loss) per share, are outlined in the tables below following the Company's condensed consolidated financial statements. Three Months Ended June 30, Six Months Ended June 30, Revenue: Products $ 74,589 $ 43,298 $ 111,711 $ 104,908 Leasing 8,231 4,286 15,732 7,368 Services 24,562 29,517 45,715 55,365 Total revenue 107,382 77,101 173,158 167,641 Cost of sales and operating expenses: Cost of products 50,630 28,531 78,269 68,150 Cost of leasing 2,651 1,894 5,659 3,087 Cost of services 18,764 24,956 35,928 45,888 Total cost of sales 72,045 55,381 119,856 117,125 Gross profit 35,337 21,720 53,302 50,516 Selling, general and administrative expenses 22,823 23,572 47,435 47,705 Income (loss) from operations 12,514 (1,852 ) 5,867 2,811 Other (expense) income: Interest expense, net (2,452 ) (1,528 ) (3,633 ) (2,463 ) Other income, net 134 102 2,022 271 Change in fair value of warrant liability 131 138 74 2,117 Total other expense, net (2,187 ) (1,288 ) (1,537 ) (75 ) Income (loss) before income tax provision 10,327 (3,140 ) 4,330 2,736 Income tax expense (1,752 ) (497 ) (1,032 ) (96 ) Net income (loss) $ 8,575 $ (3,637 ) $ 3,298 $ 2,640 Earnings (loss) per share: Diluted $ 0.18 $ (0.07 ) $ 0.07 $ 0.05 Weighted average shares outstanding: Basic 46,914,100 53,029,359 49,596,045 53,010,425 Expand AERSALE CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheet (in thousands, except share data) (Unaudited) June 30, 2025 2024 Current assets: Cash and cash equivalents $ 5,747 $ 4,698 Accounts receivable, net of allowance for credit losses of $1,173 as of June 30, 2025 and December 31, 2024 44,533 34,646 Income tax receivable 1,982 1,994 Inventory: Aircraft, airframes, engines, and parts, net 257,506 224,832 Advance vendor payments 4,897 6,803 Deposits, prepaid expenses, and other current assets 11,837 11,057 Total current assets 326,502 284,030 Fixed assets: Aircraft and engines held for lease, net 66,708 67,847 Property and equipment, net 41,634 36,331 Inventory: Aircraft, airframes, engines, and parts, net 130,797 130,958 Operating lease right-of-use assets 30,761 33,105 Deferred income taxes 9,161 10,171 Deferred financing costs, net 1,219 1,296 Other assets 588 595 Goodwill 19,860 19,860 Other intangible assets, net 19,441 20,530 Total assets $ 646,671 $ 604,723 Current liabilities: Accounts payable $ 35,013 $ 34,184 Accrued expenses 10,075 7,400 Lessee and customer purchase deposits 3,660 1,734 Current operating lease liabilities 4,562 4,356 Current portion of long-term debt 825 605 Deferred revenue 1,630 1,781 Deferred insurance proceeds 28,610 24,910 Total current liabilities 84,375 74,970 Revolving credit facility 114,509 39,235 Long-term debt 907 1,209 Long-term lease deposits 2,627 2,987 Long-term operating lease liabilities 28,119 30,565 Maintenance deposit payments and other liabilities 211 52 Warrant liability 11 85 Total liabilities 230,759 149,103 Stockholders' equity: Common stock, $0.0001 par value. Authorized 200,000,000 shares; issued and outstanding 47,093,869 and 53,252,563 shares as of June 30, 2025 and December 31, 2024 5 5 Additional paid-in capital 273,487 316,493 Retained earnings 142,420 139,122 Total stockholders' equity 415,912 455,620 Total liabilities and stockholders' equity $ 646,671 $ 604,723 Expand AERSALE CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (in thousands) (Unaudited) Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net income $ 3,298 $ 2,640 Adjustments to reconcile net income to net cash used in operating activities Depreciation and amortization 9,471 6,434 Amortization of debt issuance costs 191 164 Amortization of operating lease assets 104 79 Inventory reserve 1,579 627 Deferred income taxes 1,010 171 Change in fair value of warrant liability (74 ) (2,117 ) Share-based compensation 1,828 1,943 Changes in operating assets and liabilities: Accounts receivable (9,887 ) (6,027 ) Income tax receivable 12 (72 ) Inventory (42,878 ) (56,566 ) Deposits, prepaid expenses, and other current assets (780 ) (5,110 ) Other assets 7 (543 ) Advance vendor payments 1,906 22,167 Accounts payable 829 (509 ) Accrued expenses 2,675 795 Deferred revenue (151 ) (712 ) Lessee and customer purchase deposits 1,566 (158 ) Deferred insurance proceeds 3,700 - Other liabilities 158 (6 ) Net cash used in operating activities (25,436 ) (36,800 ) Cash flows from investing activities: Proceeds from sale of assets 1,750 3,800 Acquisition of aircraft and engines held for lease, including capitalized cost (1,922 ) (5,610 ) Purchase of property and equipment (3,587 ) (7,190 ) Net cash used in investing activities (3,759 ) (9,000 ) Cash flows from financing activities: Proceeds from long-term debt 220 615 Repayments of long-term debt (302 ) (8,559 ) Proceeds from revolving credit facility 195,874 106,936 Repayments of revolving credit facility (120,600 ) (54,981 ) Payments of debt issuance costs (114 ) - Purchase of treasury stock (45,000 ) - Proceeds from the issuance of Employee Stock Purchase Plan shares 195 325 Taxes paid related to net share settlement of equity awards (29 ) (124 ) Net cash provided by financing activities 30,244 44,212 Increase (decrease) in cash and cash equivalents 1,049 (1,588 ) Cash and cash equivalents, beginning of period 4,698 5,873 Cash and cash equivalents, end of period $ 5,747 $ 4,285 Supplemental disclosure of cash activities Income tax payments, net $ 165 $ 73 Interest paid $ 3,462 $ 2,435 Supplemental disclosure of noncash investing activities Reclassification of aircraft, airframes, engines, and parts inventory to aircraft and engines held for lease, net $ 2,583 $ 2,494 Reclassification of aircraft, airframes, engines, and parts inventory to property and equipment $ 4,454 $ - Expand AERSALE CORPORATION AND SUBSIDIARIES Adjusted EBITDA, Net Income and Basic/Diluted EPS Reconciliation Table (in thousands, except per and percentage share data) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, Reported net income (loss) $ 8,575 8.0 % $ (3,637 ) (4.7 %) $ 3,298 1.9 % $ 2,640 1.6 % Addbacks: Change in fair value of warrant liability $ (131 ) (0.1 %) (138 ) (0.2 %) (74 ) (0.0 %) (2,117 ) (1.3 %) Share-based compensation $ 668 0.6 % 1,144 1.5 % 1,828 1.1 % 1,943 1.2 % Payroll taxes related to share-based compensation - - - - 18 0.0 % 36 0.0 % Inventory write-off - - (237 ) (0.3 %) - - (237 ) (0.1 %) Secondary offering costs - - - 0.0 % - - 55 0.0 % Facility relocation costs $ 409 0.4 % 364 0.5 % 767 0.4 % 824 0.5 % Restructuring costs $ 18 0.0 % - - 1,072 0.6 % - - Legal settlement - - - - 400 0.2 % - - Income tax effect of adjusting items (1) $ (102 ) (0.1 %) (87 ) (0.1 %) (537 ) (0.3 %) (211 ) (0.1 %) Adjusted net income $ 9,437 8.8 % (2,591 ) (3.3 %) 6,772 3.9 % 2,933 1.7 % Interest expense, net 2,452 2.3 % 1,528 2.0 % 3,633 2.1 % 2,463 1.5 % Income tax expense 1,752 1.6 % 497 0.6 % 1,032 0.6 % 96 0.1 % Depreciation and amortization 4,528 4.2 % 3,655 4.7 % 9,471 5.5 % 6,434 3.8 % Reversal of income tax effect of adjusting items (1) 102 0.1 % 87 0.1 % 537 0.3 % 211 0.1 % Adjusted EBITDA $ 18,271 17.0 % $ 3,176 4.1 % $ 21,445 12.4 % $ 12,137 7.3 % Reported basic earnings (loss) per share $ 0.18 ($ 0.07 ) $ 0.07 $ 0.05 Addbacks: Change in fair value of warrant liability (0.00 ) (0.00 ) (0.00 ) (0.04 ) Share-based compensation 0.01 0.02 0.04 0.04 Payroll taxes related to share-based compensation - - 0.00 0.00 Inventory write-off - (0.00 ) - (0.00 ) Secondary offering costs - - - 0.00 Facility relocation costs 0.01 0.01 0.02 0.02 Restructuring costs 0.00 - 0.02 - Legal settlement - - 0.01 - Income tax effect of adjusting items (0.00 ) (0.00 ) (0.01 ) (0.00 ) Adjusted basic earnings (loss) per share $ 0.20 ($ 0.05 ) $ 0.14 $ 0.06 Reported diluted earnings (loss) per share $ 0.18 ($ 0.07 ) $ 0.07 $ 0.05 Addbacks: Change in fair value of warrant liability (0.00 ) (0.00 ) (0.00 ) (0.04 ) Share-based compensation 0.01 0.02 0.04 0.04 Payroll taxes related to share-based compensation - - 0.00 0.00 Inventory write-off - (0.00 ) - (0.00 ) Secondary offering costs - 0.00 - 0.00 Facility relocation costs 0.01 0.01 0.02 0.02 Restructuring costs 0.00 - 0.02 - Legal settlement - - 0.01 - Income tax effect of adjusting items (0.00 ) (0.00 ) (0.01 ) (0.00 ) Adjusted diluted earnings (loss) per share $ 0.20 ($ 0.05 ) $ 0.14 $ 0.06 Expand (1) The income tax effect of current period adjusting items is calculated at the Company's applicable statutory rate of 21% after considering federal and state tax rates. Forward Looking Statements This press release includes 'forward-looking statements'. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements other than statements of historical facts contained in this press release may constitute forward-looking statements, and include, but are not limited to, statements regarding our anticipated financial performance, including anticipations regarding greater demand for AerSale's USM business and MRO services; expectations regarding expansion projects; expectations regarding improving lease pool, feedstock and commercial demand; anticipated demand for AerSafe™ products; our belief that we are well positioned to take advantage of the current market dynamic; our belief that we are well positioned to take advantage of asset availability; our growth trajectory; the expected operating capacity of our MRO facilities and demand for such services; the sufficiency of our liquidity; and expected benefits from an improving backdrop in commercial aerospace, and end markets; AerSale's actual results may differ from our expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue,' or the negative of these or other similar expressions are intended to identify such forward-looking statements. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors, and Management's Discussion and Analysis of Financial Condition and Results of Operations sections of the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), and its other filings with the SEC, including its subsequent quarterly reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements and we qualify all of our forward-looking statements by these cautionary statements. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. About AerSale AerSale serves airlines operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize significant savings in the operation, maintenance and monetization of their aircraft, engines, and components. AerSale's offerings include: Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed 'Engineered Solutions' to enhance aircraft performance and operating economics (e.g. AerSafe™, AerTrak™, and AerAware™).
Yahoo
05-08-2025
- Business
- Yahoo
AerSale (ASLE) Q2 Earnings: What To Expect
Aerospace and defense company AerSale (NASDAQ:ASLE) will be reporting earnings this Wednesday after market close. Here's what investors should know. AerSale missed analysts' revenue expectations by 26.3% last quarter, reporting revenues of $65.78 million, down 27.4% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' adjusted operating income estimates and a significant miss of analysts' EBITDA estimates. Is AerSale a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting AerSale's revenue to grow 12% year on year to $86.33 million, in line with the 11.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AerSale has missed Wall Street's revenue estimates six times over the last two years. Looking at AerSale's peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 14.9%, beating analysts' expectations by 8.6%, and Textron reported revenues up 5.4%, topping estimates by 2.4%. AAR traded up 13.4% following the results while Textron was down 8.9%. Read our full analysis of AAR's results here and Textron's results here. Investors in the aerospace segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. AerSale is up 2.6% during the same time and is heading into earnings with an average analyst price target of $6.50 (compared to the current share price of $6.22). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Business Wire
23-07-2025
- Business
- Business Wire
AerSale Announces Date for Second Quarter 2025 Earnings Release Conference Call
MIAMI--(BUSINESS WIRE)--AerSale Corporation (NASDAQ: ASLE) (the 'Company'), a leading provider of aviation products and services, announced today that it will release its earnings results for the second quarter ended June 30, 2025, on Wednesday, August 6, 2025, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-844-676-3010, international callers may use 1-412-634-6873, and request to join the AerSale Corporation earnings call. A live webcast will also be available at A telephonic replay will be available shortly after the conclusion of the call and until August 20, 2025. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671, and enter access code 10200716. An archived replay of the call will also be available on the Investors portion of the AerSale website at About AerSale AerSale serves airlines operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize significant savings in the operation, maintenance and monetization of their aircraft, engines, and components. AerSale's offerings include: Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed 'Engineered Solutions' to enhance aircraft performance and operating economics (e.g. AerSafe™, AerTrak™, and now AerAware™).
Business Wire
04-06-2025
- Business
- Business Wire
AerSale Announces Participation at the Wells Fargo 2025 Industrials Conference
MIAMI--(BUSINESS WIRE)--AerSale Corporation (NASDAQ: ASLE) ('AerSale' or the 'Company'), today announced that the Company's Chief Financial Officer, Martin Garmendia will present at the Wells Fargo 2025 Industrials Conference on Thursday, June 12, 2025 at 11:15 am EDT, as well as host investor meetings. The presentation will be webcast live and can be accessed through the link HERE or by going to the News and Events section of AerSale's Investor Relations website at A replay will be available shortly after the conclusion of the presentation on AerSale's Investor Relations website at About AerSale AerSale serves airlines operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize significant savings in the operation, maintenance and monetization of their aircraft, engines, and components. AerSale's offerings include: Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed 'Engineered Solutions' to enhance aircraft performance and operating economics (e.g. AerSafe™, AerTrak™, and now AerAware™).
Yahoo
30-05-2025
- Business
- Yahoo
Aerospace Stocks Q1 In Review: Textron (NYSE:TXT) Vs Peers
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Textron (NYSE:TXT) and its peers. Aerospace companies often possess technical expertise and have made significant capital investments to produce complex products. It is an industry where innovation is important, and lately, emissions and automation are in focus, so companies that boast advances in these areas can take market share. On the other hand, demand for aerospace products can ebb and flow with economic cycles and geopolitical tensions, which can be particularly painful for companies with high fixed costs. The 15 aerospace stocks we track reported a strong Q1. As a group, revenues missed analysts' consensus estimates by 1.4% while next quarter's revenue guidance was in line. Luckily, aerospace stocks have performed well with share prices up 13.4% on average since the latest earnings results. Listed on the NYSE in 1947, Textron (NYSE:TXT) provides products and services in the aerospace, defense, industrial, and finance sectors. Textron reported revenues of $3.31 billion, up 5.5% year on year. This print exceeded analysts' expectations by 2.3%. Overall, it was a very strong quarter for the company with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' organic revenue estimates. "In the quarter, we saw strong growth in both military and commercial product lines at Bell," said Textron Chairman and CEO Scott C. Donnelly. The stock is up 11.9% since reporting and currently trades at $74. Is now the time to buy Textron? Access our full analysis of the earnings results here, it's free. Founded in 1957, HEICO (NYSE:HEI) manufactures and services aerospace and electronic components for commercial aviation, defense, space, and other industries. HEICO reported revenues of $1.10 billion, up 14.9% year on year, outperforming analysts' expectations by 3.5%. The business had a stunning quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. The market seems happy with the results as the stock is up 8.6% since reporting. It currently trades at $298.08. Is now the time to buy HEICO? Access our full analysis of the earnings results here, it's free. Providing a one-stop shop that integrates multiple services and product offerings, AerSale (NASDAQ:ASLE) delivers full-service support to mid-life commercial aircraft. AerSale reported revenues of $65.78 million, down 27.4% year on year, falling short of analysts' expectations by 26.3%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. AerSale delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 17.6% since the results and currently trades at $5.79. Read our full analysis of AerSale's results here. Becoming the first private company in the Southern Hemisphere to reach space, Rocket Lab (NASDAQ:RKLB) offers rockets designed for launching small satellites. Rocket Lab reported revenues of $122.6 million, up 32.1% year on year. This print beat analysts' expectations by 0.8%. It was an exceptional quarter as it also recorded EBITDA guidance for next quarter exceeding analysts' expectations. Rocket Lab delivered the fastest revenue growth among its peers. The stock is up 17% since reporting and currently trades at $27.06. Read our full, actionable report on Rocket Lab here, it's free. Supplying parts for nearly all aircraft currently in service, TransDigm (NYSE:TDG) develops and manufactures components and systems for military and commercial aviation. TransDigm reported revenues of $2.15 billion, up 12% year on year. This number came in 0.7% below analysts' expectations. Taking a step back, it was a mixed quarter as it also logged an impressive beat of analysts' adjusted operating income estimates but a slight miss of analysts' organic revenue estimates. The stock is flat since reporting and currently trades at $1,461. Read our full, actionable report on TransDigm here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
