AerSale® Reports Fourth Quarter and Full Year 2025 Results
Rhea-AI Summary
AerSale (Nasdaq: ASLE) reported fourth quarter 2025 revenue of $90.9M (down 4.0% YoY) and GAAP net income of $5.4M. Full-year 2025 revenue was $335.3M (down 2.8% YoY) with GAAP net income of $8.6M and Adjusted EBITDA $46.1M (up 38.2% YoY). Inventory totaled $363.8M and year-end liquidity was $71.6M. Feedstock acquisitions were $99.6M with $11.4M contracted. Management cited stronger USM, leasing growth, and margin expansion from cost initiatives.
Positive
- Adjusted EBITDA +38.2% YoY to $46.1M
- Adjusted net income +66.2% YoY to $15.8M
- Recurring revenue ex-flight-sales +18.7% YoY
- Inventory position of $363.8M supports sales/leasing
Negative
- Total revenue down 2.8% YoY to $335.3M
- Flight equipment sales declined to $56.4M from $110.1M
- Cash used in operations of $23.0M in 2025
Key Figures
Market Reality Check
Peers on Argus
ASLE’s slight -0.26% move contrasts with mixed peers: names like UP, CAAP, and SBC show small gains while KELYA is modestly down, indicating a largely stock-specific reaction to earnings rather than a broad industry move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 06 | Q3 2025 earnings | Neutral | -12.1% | Revenue down but ex-engine sales and adjusted EBITDA improved; stock fell sharply. |
| Aug 06 | Q2 2025 earnings | Positive | +23.2% | Strong revenue growth and swing to GAAP profit with higher adjusted EBITDA. |
| May 07 | Q1 2025 earnings | Negative | -12.5% | Revenue drop and GAAP net loss despite growth excluding flight equipment sales. |
| Mar 06 | FY/Q4 2024 earnings | Positive | +16.6% | Return to GAAP profitability in 2024 with higher adjusted EBITDA and liquidity. |
| Nov 07 | Q3 2024 earnings | Neutral | -6.8% | Revenue down but GAAP profit and strong ex-flight growth; shares traded lower. |
Earnings releases have produced mixed reactions: strong positive moves on clearly upbeat quarters, but sharp selloffs when revenue or mix disappointed, even when underlying profitability or non-flight segments improved.
Across the last five earnings releases since Nov 2024, AerSale has moved from volatile revenue driven by flight equipment sales toward more recurring USM, leasing, and MRO contributions. Prior periods show swings between losses and solid profits, with adjusted EBITDA improving in several quarters. Stock reactions ranged from double‑digit gains on strong Q2 2025 results to double‑digit declines on weaker Q1 and Q3 2025 revenue. Today’s full‑year 2025 report, with higher margins but lower revenue, fits this ongoing transition narrative.
Historical Comparison
Past earnings releases moved ASLE about 1.68% on average over five events. The latest -0.26% change around these full-year 2025 results sat comfortably within that typical earnings reaction range.
Earnings from 2024 through 2025 show a shift from intermittent losses to consistent GAAP profitability with rising adjusted EBITDA, supported by growing contributions from recurring USM, leasing, and MRO activities.
Market Pulse Summary
This announcement detailed Q4 and full-year 2025 results, with revenue of $90.9M for the quarter and $335.3M for the year, but notably stronger GAAP and adjusted profitability versus 2024. Management emphasized growth in recurring USM, leasing, and MRO activities and ended 2025 with liquidity of $71.6M and inventory of $363.8M. Investors may watch future engine sales, MRO contract wins, and margin trends to gauge the sustainability of this shift.
Key Terms
adjusted EBITDA financial
adjusted net income financial
used serviceable material technical
MRO technical
non-GAAP financial
warrant liability financial
Rule 10b5-1 trading plan regulatory
AI-generated analysis. Not financial advice.
Fourth Quarter 2025 Highlights
- Revenue of
$90.9 million versus$94.7 million in the prior year period - GAAP net income of
$5.4 million versus GAAP net income of$2.7 million in the prior year period - Adjusted net income1 of
$7.5 million versus adjusted net income of$4.8 million in the prior year period - Adjusted EBITDA1 of
$15.2 million versus Adjusted EBITDA of$13.0 million in the prior year period - Flight equipment sales consisted of four engines compared to six engines in the prior year period
- Feedstock acquisitions of
$15.4 million in the quarter
2025 Full Year Highlights
- Revenue of
$335.3 million versus$345.1 million - GAAP net income of
$8.6 million versus GAAP Net Income of$5.9 million - Adjusted net income1 of
$15.8 million versus adjusted net income of$9.5 million - Adjusted EBITDA1 of
$46.1 million versus Adjusted EBITDA of$33.4 million - Flight equipment sales consisted of thirteen engines compared to twenty engines and one aircraft in the prior year
- Feedstock acquisitions of
$99.6 million and an additional$11.4 million under contract - Inventory of
$363.8 million as of December 31, 2025
MIAMI, March 05, 2026 (GLOBE NEWSWIRE) -- AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”) today reported fourth quarter and full year 2025 financial results.
| (in thousands, except per-share amount) | ||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||||||
| 2025 | 2024 | Percent Change | 2025 | 2024 | Percent Change | |||||||||||||||
| Total revenue | $ | 90,937 | $ | 94,741 | (4.0 | ) | % | $ | 335,286 | $ | 345,066 | (2.8 | ) | % | ||||||
| GAAP net income | 5,397 | 2,702 | 99.7 | % | 8,575 | 5,851 | 46.6 | % | ||||||||||||
| Adjusted net income(1) | 7,529 | 4,775 | 57.7 | % | 15,826 | 9,520 | 66.2 | % | ||||||||||||
| Adjusted EBITDA(1) | 15,218 | 13,000 | 17.1 | % | 46,142 | 33,386 | 38.2 | % | ||||||||||||
| Diluted earnings per share | 0.11 | 0.05 | 120.0 | % | 0.18 | 0.11 | 63.6 | % | ||||||||||||
| Adjusted diluted earnings per share(1) | 0.16 | 0.09 | 77.8 | % | 0.33 | 0.18 | 83.3 | % | ||||||||||||
| Feedstock acquisitions(2) | $ | 15,428 | $ | 18,365 | (16.0 | ) | % | $ | 99,647 | $ | 61,653 | 61.6 | % | |||||||
Fourth Quarter 2025 Results of Operations
The Company’s revenue for the fourth quarter of 2025 was
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 flight equipment leasing, used serviceable material (“USM”) sales, and asset purchases, as well as MRO activities.
In the fourth quarter of 2025, flight equipment sales were
This increase was primarily driven by strong commercial demand for USM, as well as increased leasing revenue from an expanded lease pool, which includes the deployment of two Boeing 757 freighter aircraft. Our landing gear, aerostructures, and component MRO facilities also delivered improved performance and profitability; and demand for our AerSafe™ Engineered Solutions product also increased. These increases were partially offset by lower heavy MRO revenue at the Roswell, New Mexico facility as the Company transitioned to higher‑margin opportunities that offset the margin declines related to the lower revenue. The Goodyear, Arizona facility also experienced revenue declines due to the expiration of a customer contract; however, the impact was mitigated by a strong pipeline of storage revenue related to the Geared Turbo Fan (“GTF”) engine reliability issues that have also resulted in greater margin contributions.
Nick Finazzo, Chief Executive Officer at AerSale, stated, “We completed 2025 in line with our expectations, which focused on growing our USM, leasing, and MRO activities that are a core part of our multi-dimensional business model and help offset the inherent volatility of flight equipment sales. This disciplined execution also resulted in higher margin contributions which was a focus of the efficiency initiatives we executed in the beginning of 2025.”
Finazzo added, “As we enter 2026, we remain focused on continuing our growth momentum by monetizing our strong inventory position and expanding our MRO capabilities and capacity, which will benefit our customers and continue to build long‑term shareholder value.”
Asset Management Solutions (“Asset Management”) revenue decreased
Technical Operations (“TechOps”) revenue increased
Gross margin increased to
Selling, general, and administrative expenses were
Income from operations was
Income tax expense was
Net income for the fourth quarter of 2025 was
Diluted earnings per share was
Full Year 2025 Results of Operations
For full year 2025, AerSale reported revenue of
In 2025, flight equipment sales were
Asset Management revenue was
TechOps revenue for the full year of 2025 decreased
The gross margin for the full year of 2025 was
Selling, general, and administrative expenses were
Income from operations was
Income tax expense was
Net income for 2025 was
Diluted earnings per share was
AerSale ended the year with
Conference Call Information
The Company will host a conference call today, March 5, 2026 at 4:30 pm Eastern Time to discuss these results. A live audio webcast will be available to the public on a listen-only basis at https://ir.aersale.com/news-events/events. An archived replay of the webcast will also be available on the Investors portion of the AerSale website at https://ir.aersale.com/ for one year.
Non-GAAP Financial Measures
This press release includes non-GAAP financial measures, including adjusted EBITDA, adjusted net income, and adjusted diluted earnings per share. AerSale defines adjusted EBITDA as net income excluding interest expense, depreciation and amortization, income tax expense, and other non-cash, non-recurring or unusual items. Adjusted net income is defined as net income excluding mark-to-market adjustments relating to our private warrants, stock-based compensation expense and other non-cash, non-recurring or unusual items. Adjusted diluted earnings per share is adjusted net income divided by the diluted weighted average number of shares outstanding during the measurement period.
AerSale believes these non-GAAP measures of financial results 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 or net income margin as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (each as determined in accordance with GAAP).
You should review AerSale’s audited 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, or adjusted diluted earnings per share measures may not be directly comparable to similarly titled measures of other companies.
Reconciliations of Net Income, the Company’s closest GAAP measure, to adjusted EBITDA, adjusted net income, and adjusted diluted earnings per share, are outlined in the tables below following the Company’s condensed consolidated financial statements.
End Notes
(1) Adjusted net income, adjusted EBITDA and adjusted diluted earnings per share are non-GAAP measures. See “Non-GAAP Financial Measures” and “Adjusted EBITDA, Net Income and Diluted EPS Reconciliation Table” at the end of this press release for a discussion of why we believe these non-GAAP measures are useful together with a detailed reconciliation of these measures to the most directly comparable GAAP (Generally Accepted Accounting Principles) measure.
(2) For the twelve months ended December 31, 2025, an additional
Fourth Quarter and Full Year 2025 Financial Results | ||||||||||||||||
| AERSALE CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue: | ||||||||||||||||
| Products | $ | 57,793 | $ | 62,323 | $ | 206,472 | $ | 214,950 | ||||||||
| Leasing | 9,936 | 7,878 | 35,071 | 22,146 | ||||||||||||
| Services | 23,208 | 24,540 | 93,743 | 107,970 | ||||||||||||
| Total revenue | 90,937 | 94,741 | 335,286 | 345,066 | ||||||||||||
| Cost of sales and operating expenses: | ||||||||||||||||
| Cost of products | 37,694 | 41,322 | 143,258 | 141,152 | ||||||||||||
| Cost of leasing | 3,628 | 2,957 | 12,136 | 8,468 | ||||||||||||
| Cost of services | 18,629 | 20,717 | 74,118 | 91,510 | ||||||||||||
| Total cost of sales | 59,951 | 64,996 | 229,512 | 241,130 | ||||||||||||
| Gross profit | 30,986 | 29,745 | 105,774 | 103,936 | ||||||||||||
| Selling, general and administrative expenses | 23,936 | 24,808 | 89,984 | 94,192 | ||||||||||||
| Income from operations | 7,050 | 4,937 | 15,790 | 9,744 | ||||||||||||
| Other (expense) income: | ||||||||||||||||
| Interest expense, net | (2,330 | ) | (1,472 | ) | (8,330 | ) | (5,703 | ) | ||||||||
| Other income, net | 832 | 1,096 | 2,982 | 1,495 | ||||||||||||
| Change in fair value of warrant liability | 32 | (47 | ) | 85 | 2,301 | |||||||||||
| Total other expense, net | (1,466 | ) | (423 | ) | (5,263 | ) | (1,907 | ) | ||||||||
| Income before income tax provision | 5,584 | 4,514 | 10,527 | 7,837 | ||||||||||||
| Income tax expense | (187 | ) | (1,812 | ) | (1,952 | ) | (1,986 | ) | ||||||||
| Net income | $ | 5,397 | $ | 2,702 | $ | 8,575 | $ | 5,851 | ||||||||
| Earnings per share: | ||||||||||||||||
| Basic | $ | 0.11 | $ | 0.05 | $ | 0.18 | $ | 0.11 | ||||||||
| Diluted | $ | 0.11 | $ | 0.05 | $ | 0.18 | $ | 0.11 | ||||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic | 47,195,724 | 53,222,762 | 48,378,882 | 53,113,508 | ||||||||||||
| Diluted | 47,766,486 | 53,501,235 | 48,754,585 | 53,359,085 | ||||||||||||
| AERSALE CORPORATION AND SUBSIDIARIES Consolidated Balance Sheet (in thousands, except share data) | ||||||
| December 31, | December 31, | |||||
| 2025 | 2024 | |||||
| Current assets: | ||||||
| Cash and cash equivalents | $ | 4,379 | $ | 4,698 | ||
| Accounts receivable, net of allowance for credit losses of | 42,654 | 34,646 | ||||
| Income tax receivable | 1,728 | 1,994 | ||||
| Inventory: | ||||||
| Aircraft, airframes, engines, and parts, net | 205,379 | 224,832 | ||||
| Advance vendor payments | 5,679 | 6,803 | ||||
| Deposits, prepaid expenses, and other current assets | 9,170 | 11,057 | ||||
| Total current assets | 268,989 | 284,030 | ||||
| Fixed assets: | ||||||
| Aircraft and engines held for lease, net | 102,361 | 67,847 | ||||
| Property and equipment, net | 32,006 | 36,331 | ||||
| Inventory: | ||||||
| Aircraft, airframes, engines, and parts, net | 158,385 | 130,958 | ||||
| Operating lease right-of-use assets | 30,130 | 33,105 | ||||
| Deferred income taxes | 8,784 | 10,171 | ||||
| Deferred financing costs, net | 1,024 | 1,296 | ||||
| Other assets | 586 | 595 | ||||
| Goodwill | 19,860 | 19,860 | ||||
| Other intangible assets, net | 18,347 | 20,530 | ||||
| Total assets | $ | 640,472 | $ | 604,723 | ||
| Current liabilities: | ||||||
| Accounts payable | $ | 29,645 | $ | 34,184 | ||
| Accrued expenses | 7,233 | 7,400 | ||||
| Income tax payable | 329 | - | ||||
| Lessee and customer purchase deposits | 780 | 1,734 | ||||
| Current operating lease liabilities | 4,313 | 4,356 | ||||
| Current portion of long-term debt | 993 | 605 | ||||
| Deferred revenue | 530 | 1,781 | ||||
| Deferred insurance proceeds | 28,610 | 24,910 | ||||
| Total current liabilities | 72,433 | 74,970 | ||||
| Revolving credit facility | 110,053 | 39,235 | ||||
| Long-term debt | 1,284 | 1,209 | ||||
| Long-term lease deposits | 3,492 | 2,987 | ||||
| Long-term operating lease liabilities | 28,190 | 30,565 | ||||
| Maintenance deposit payments and other liabilities | 589 | 52 | ||||
| Warrant liability | - | 85 | ||||
| Total liabilities | 216,041 | 149,103 | ||||
| Stockholders’ equity: | ||||||
| Common stock, | 5 | 5 | ||||
| Additional paid-in capital | 276,729 | 316,493 | ||||
| Retained earnings | 147,697 | 139,122 | ||||
| Total stockholders' equity | 424,431 | 455,620 | ||||
| Total liabilities and stockholders’ equity | $ | 640,472 | $ | 604,723 | ||
| AERSALE CORPORATION AND SUBSIDIARIES Consolidated Statements of Cash Flows (in thousands) | ||||||||
| Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income | $ | 8,575 | $ | 5,851 | ||||
| Adjustments to reconcile net income to net cash used in (provided by) operating activities | ||||||||
| Depreciation and amortization | 19,334 | 16,048 | ||||||
| Amortization of debt issuance costs | 392 | 337 | ||||||
| Amortization of operating lease assets | 557 | 365 | ||||||
| Inventory reserve | 3,476 | 3,695 | ||||||
| Provision for doubtful accounts | - | 195 | ||||||
| Deferred income taxes | 1,387 | 2,032 | ||||||
| Change in fair value of warrant liability | (85 | ) | (2,301 | ) | ||||
| Share-based compensation | 4,887 | 4,347 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (8,008 | ) | (3,601 | ) | ||||
| Income tax receivable | 266 | (366 | ) | |||||
| Inventory | (54,800 | ) | (78,029 | ) | ||||
| Deposits, prepaid expenses, and other current assets | 1,887 | 1,450 | ||||||
| Other assets | 9 | (745 | ) | |||||
| Advance vendor payments | 1,124 | 28,954 | ||||||
| Accounts payable | (4,539 | ) | 4,287 | |||||
| Income tax payable | 329 | - | ||||||
| Accrued expenses | (232 | ) | 1,832 | |||||
| Deferred revenue | (1,251 | ) | (1,217 | ) | ||||
| Lessee and customer purchase deposits | (449 | ) | 3,152 | |||||
| Deferred insurance proceeds | 3,700 | 24,910 | ||||||
| Other liabilities | 472 | (12 | ) | |||||
| Net cash used in (provided by) operating activities | (22,969 | ) | 11,184 | |||||
| Cash flows from investing activities: | ||||||||
| Proceeds from sale of assets | 6,381 | 12,900 | ||||||
| Acquisition of aircraft and engines held for lease, including capitalized costs | (4,160 | ) | (14,978 | ) | ||||
| Purchase of property and equipment | (6,081 | ) | (14,052 | ) | ||||
| Net cash used in investing activities | (3,860 | ) | (16,130 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from long-term debt | 1,173 | 2,429 | ||||||
| Repayments of long-term debt | (710 | ) | (9,174 | ) | ||||
| Proceeds from revolving credit facility | 305,418 | 192,644 | ||||||
| Repayments of revolving credit facility | (234,600 | ) | (182,409 | ) | ||||
| Payments of debt issuance costs | (120 | ) | (126 | ) | ||||
| Purchase of treasury stock | (45,000 | ) | - | |||||
| Proceeds from the issuance of Employee Stock Purchase Plan shares | 386 | 531 | ||||||
| Taxes paid related to net share settlement of equity awards | (37 | ) | (124 | ) | ||||
| Net cash provided by financing activities | 26,510 | 3,771 | ||||||
| Decrease in cash and cash equivalents | (319 | ) | (1,175 | ) | ||||
| Cash and cash equivalents, beginning of period | 4,698 | 5,873 | ||||||
| Cash and cash equivalents, end of period | $ | 4,379 | $ | 4,698 | ||||
| Supplemental disclosure of cash activities | ||||||||
| Income tax refunds, net | $ | (468 | ) | $ | (13 | ) | ||
| Interest paid | $ | 8,031 | $ | 5,648 | ||||
| Supplemental disclosure of noncash investing activities | ||||||||
| Reclassification of inventory to equipment held for lease, net | $ | 33,552 | $ | 43,210 | ||||
| Reclassification of inventory to property and equipment, net | $ | 3,417 | $ | - | ||||
| Reclassification of equipment held for lease, net from property and equipment, net | $ | (8,773 | ) | $ | - | |||
| AERSALE CORPORATION AND SUBSIDIARIES Adjusted EBITDA, Adjusted Net Income and Adjusted Basic/Diluted EPS Reconciliation Table (in thousands, except per and percentage share data) (Unaudited) | ||||||||||||||||||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||||||||||||||||||
| % of Total | % of Total | % of Total | % of Total | |||||||||||||||||||||||||||||
| 2025 | Revenue | 2024 | Revenue | 2025 | Revenue | 2024 | Revenue | |||||||||||||||||||||||||
| Reported net income | $ | 5,397 | 5.9 | % | $ | 2,702 | 2.9 | % | $ | 8,575 | 2.6 | % | $ | 5,851 | 1.7 | % | ||||||||||||||||
| Addbacks: | ||||||||||||||||||||||||||||||||
| Change in fair value of warrant liability | (32 | ) | (0.0 | ) | % | 47 | 0.0 | % | (85 | ) | (0.0 | ) | % | (2,301 | ) | (0.7 | ) | % | ||||||||||||||
| Share-based compensation | 1,762 | 1.9 | % | 1,188 | 1.3 | % | 4,887 | 1.5 | % | 4,347 | 1.3 | % | ||||||||||||||||||||
| Payroll taxes related to share-based compensation | - | - | % | - | - | % | 66 | 0.0 | % | 102 | 0.0 | % | ||||||||||||||||||||
| Inventory write-off | 165 | 0.2 | % | 1,135 | 1.2 | % | 165 | 0.0 | % | 898 | 0.3 | % | ||||||||||||||||||||
| Secondary offering costs | - | - | % | - | - | % | - | - | % | 55 | 0.0 | % | ||||||||||||||||||||
| Facility relocation costs | 312 | 0.3 | % | 363 | 0.4 | % | 1,446 | 0.4 | % | 1,519 | 0.4 | % | ||||||||||||||||||||
| Restructuring costs | - | - | % | 216 | 0.2 | % | 1,072 | 0.3 | % | 216 | 0.1 | % | ||||||||||||||||||||
| Legal settlement | - | - | % | - | - | % | 400 | 0.1 | % | - | - | % | ||||||||||||||||||||
| Gain on insurance proceeds | - | - | % | (1,038 | ) | (1.1 | ) | % | - | - | % | (1,038 | ) | (0.3 | ) | % | ||||||||||||||||
| Income tax effect of adjusting items(1) | (75 | ) | (0.1 | ) | % | 162 | 0.2 | % | (700 | ) | (0.2 | ) | % | (129 | ) | (0.0 | ) | % | ||||||||||||||
| Adjusted net income | $ | 7,529 | 8.3 | % | $ | 4,775 | 5.0 | % | $ | 15,826 | 4.7 | % | $ | 9,520 | 2.8 | % | ||||||||||||||||
| Interest expense, net | 2,330 | 2.6 | % | 1,472 | 1.6 | % | 8,330 | 2.5 | % | 5,703 | 1.7 | % | ||||||||||||||||||||
| Income tax expense | 187 | 0.2 | % | 1,812 | 1.9 | % | 1,952 | 0.6 | % | 1,986 | 0.6 | % | ||||||||||||||||||||
| Depreciation and amortization | 5,097 | 5.6 | % | 5,103 | 5.4 | % | 19,334 | 5.8 | % | 16,048 | 4.7 | % | ||||||||||||||||||||
| Reversal of income tax effect of adjusting items(1) | 75 | 0.1 | % | (162 | ) | (0.2 | ) | % | 700 | 0.2 | % | 129 | 0.0 | % | ||||||||||||||||||
| Adjusted EBITDA | $ | 15,218 | 16.7 | % | $ | 13,000 | 13.7 | % | $ | 46,142 | 13.8 | % | $ | 33,386 | 9.7 | % | ||||||||||||||||
| Reported basic earnings per share | $ | 0.11 | $ | 0.05 | $ | 0.18 | $ | 0.11 | ||||||||||||||||||||||||
| Addbacks: | ||||||||||||||||||||||||||||||||
| Change in fair value of warrant liability | (0.00 | ) | 0.00 | (0.00 | ) | (0.04 | ) | |||||||||||||||||||||||||
| Share-based compensation | 0.04 | 0.02 | 0.10 | 0.08 | ||||||||||||||||||||||||||||
| Payroll taxes related to share-based compensation | - | - | 0.00 | 0.00 | ||||||||||||||||||||||||||||
| Inventory write-off | 0.00 | 0.02 | 0.00 | 0.02 | ||||||||||||||||||||||||||||
| Secondary offering costs | - | - | - | 0.00 | ||||||||||||||||||||||||||||
| Facility relocation costs | 0.01 | 0.01 | 0.03 | 0.03 | ||||||||||||||||||||||||||||
| Restructuring costs | - | 0.01 | 0.02 | 0.00 | ||||||||||||||||||||||||||||
| Legal settlement | - | - | 0.01 | - | ||||||||||||||||||||||||||||
| Gain on insurance proceeds | - | (0.02 | ) | - | (0.02 | ) | ||||||||||||||||||||||||||
| Income tax effect of adjusting items | (0.00 | ) | 0.00 | (0.01 | ) | (0.00 | ) | |||||||||||||||||||||||||
| Adjusted basic earnings per share | $ | 0.16 | $ | 0.09 | $ | 0.33 | $ | 0.18 | ||||||||||||||||||||||||
| Reported diluted earnings per share | $ | 0.11 | $ | 0.05 | $ | 0.18 | $ | 0.11 | ||||||||||||||||||||||||
| Addbacks: | ||||||||||||||||||||||||||||||||
| Change in fair value of warrant liability | (0.00 | ) | 0.00 | (0.00 | ) | (0.04 | ) | |||||||||||||||||||||||||
| Share-based compensation | 0.04 | 0.02 | 0.10 | 0.08 | ||||||||||||||||||||||||||||
| Payroll taxes related to share-based compensation | - | - | 0.00 | 0.00 | ||||||||||||||||||||||||||||
| Inventory write-off | 0.00 | 0.02 | 0.00 | 0.02 | ||||||||||||||||||||||||||||
| Secondary offering costs | - | - | - | 0.00 | ||||||||||||||||||||||||||||
| Facility relocation costs | 0.01 | 0.01 | 0.03 | 0.03 | ||||||||||||||||||||||||||||
| Restructuring costs | - | 0.01 | 0.02 | 0.00 | ||||||||||||||||||||||||||||
| Legal settlement | - | - | 0.01 | - | ||||||||||||||||||||||||||||
| Gain on insurance proceeds | - | (0.02 | ) | - | (0.02 | ) | ||||||||||||||||||||||||||
| Income tax effect of adjusting items | (0.00 | ) | 0.00 | (0.01 | ) | (0.00 | ) | |||||||||||||||||||||||||
| Adjusted diluted earnings per share | $ | 0.16 | $ | 0.09 | $ | 0.33 | $ | 0.18 | ||||||||||||||||||||||||
(1) The income tax effect of current period adjusting items is calculated at the Company's applicable statutory rate of
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; expectations regarding feedstock and commercial demand; our growth trajectory; the expected operating capacity of our MRO facilities and demand for such services; and the sufficiency of our liquidity; AerSale’s actual results may differ from their 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, 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 is a global provider of integrated aviation aftermarket services and solutions, serving operators of Boeing, Airbus, and legacy McDonnell Douglas aircraft. The Company helps aircraft owners and operators optimize the value, safety, and operational efficiency of their fleets across the entire aircraft lifecycle.
AerSale’s comprehensive capabilities include aircraft and engine sales and leasing, used serviceable material (USM) sales, component and airframe MRO services, and FAA-certified engineered solutions. Through internally developed products such as AerSafe®, AerTrak®, and the AerAware™ Enhanced Flight Vision System, AerSale delivers innovative technologies that enhance aircraft performance, improve safety, and reduce operating costs.
With deep technical expertise and a fully integrated business model, AerSale provides everything customers need—through a single, trusted partner.
Media:
For more information about AerSale, please visit our website: www.AerSale.com.
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AerSale: Jackie Carlon
Telephone: (305) 764-3200
Email: media.relations@aersale.com
Investor:
AerSale: InvestorRelations@aersale.com
Source: AerSale Corporation
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