Welcome to our dedicated page for Aersale news (Ticker: ASLE), a resource for investors and traders seeking the latest updates and insights on Aersale stock.
AerSale Corporation provides integrated aviation aftermarket services and solutions for operators of Boeing, Airbus and legacy McDonnell Douglas aircraft. Its news commonly covers aircraft and engine sales and leasing, used serviceable material sales, component and airframe MRO, asset management for mid-life and end-of-life aircraft, and FAA-certified engineered solutions such as AerSafe®, AerTrak® and AerAware™.
Company updates also address quarterly results, feedstock and inventory levels, flight equipment sales, leasing activity, MRO capacity, and customer transactions involving commercial aircraft and freighter platforms. Recurring operating themes include the mix between Asset Management Solutions and TechOps, demand for USM and maintenance services, and engineered products tied to aircraft safety, performance and regulatory compliance.
AerSale (ASLE) reported Q3 2024 revenue of $82.7 million, down from $92.5 million in Q3 2023. The company posted a GAAP net income of $0.5 million compared to a net loss of $0.1 million in the prior year period. Flight equipment sales included five engines with no aircraft sales, versus seven engines and a Boeing 757 P2F conversion in Q3 2023. Excluding flight equipment sales, revenue grew 26% year-over-year to $60.1 million, driven by strong commercial demand and MRO activities. The company ended the quarter with $103.5 million in liquidity, including $9.8 million in cash.
AerSale (NASDAQ: ASLE) has scheduled its third quarter 2024 earnings release for Thursday, November 7, 2024, after market close. The company will host a conference call at 4:30 pm Eastern Time on the same day. Investors can join via phone using 1-800-225-9448 (US) or 1-203-518-9708 (international). A live webcast will be available on AerSale's investor relations website. A replay will be accessible until February 7, 2025, using 1-844-512-2921 (US) or 1-412-317-6671 (international) with access code 11157096.
AerSale (NASDAQ: ASLE) has announced its participation in the upcoming Jefferies Industrials Conference. The company's Chief Financial Officer, Martin Garmendia, is scheduled to present on Thursday, September 5, 2024, at 1:55 pm ET. In addition to the presentation, Garmendia will host investor meetings on both days of the conference.
The presentation will be webcast live and can be accessed through a provided link or via the News and Events section of AerSale's Investor Relations website. A replay of the presentation will be made available shortly after its conclusion on the company's Investor Relations website.
AerSale reported Q2 2024 financial results with revenue of $77.1 million, up from $69.3 million in the same period last year. Despite the increase in revenue, the company posted a GAAP net loss of $3.6 million, wider than the $2.7 million loss in Q2 2023. The adjusted net loss also expanded to $2.6 million from $0.6 million. Adjusted EBITDA, however, improved to $3.2 million from -$0.5 million.
Key operational highlights include the sale of five engines and no aircraft, compared to four engines and two unserviceable airframes a year earlier. Feedstock acquisitions amounted to $36 million with an additional $71 million under contract. AerSale’s flight equipment inventory stood at $378.8 million as of June 30, 2024.
The company made significant progress in MRO facility expansions, including the completion of a new on-airport MRO in Millington, Tennessee, and enhancements to facilities in Miami.
AerSale (NASDAQ: ASLE) has announced the date for its second quarter 2024 earnings release conference call. The company will release its earnings results for the quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the market closes. A conference call will be held on the same day at 4:30 pm Eastern Time to discuss the results.
Participants can access the call using the following numbers:
- US callers: 1-877-300-8521
- International callers: 1-412-317-6026
A live webcast will be available at https://ir.aersale.com/news-events/events. A telephonic replay will be accessible until November 7, 2024, using the same numbers with access code 10190507. An archived replay will also be available on the Investors section of the AerSale website.
AerSale has opened a new 112,000 sq. ft. on-airport hangar at Millington-Memphis Airport, enhancing its MRO capabilities. Located near AerSale's 320,000 sq. ft. parts distribution facility in Memphis, the new location includes two narrow-body bays and supports maintenance, modifications, heavy MRO, aircraft storage, and disassembly. The facility features state-of-the-art equipment, a new parts paint booth, and office space. This expansion aims to provide cost-effective aftermarket solutions to airlines, leasing companies, and MRO providers. The strategic move supports AerSale's mission to deliver exceptional service and value, positioning it for future growth.
AerSale (Nasdaq: ASLE) reported first-quarter 2024 revenue of $90.5 million, up from $78.3 million in the prior year. GAAP net income was $6.3 million compared to $5 thousand before. Adjusted Net Income1 rose to $5.5 million from $3.3 million, with Adjusted EBITDA1 reaching $9.0 million, up from $5.0 million. Flight equipment sales saw a boost, with inventory reaching $350.1 million. Asset Management Solutions revenue grew to $59.3 million, and TechOps revenue increased to $31.3 million. Gross margin improved to 31.8%, and SG&A expenses decreased to $24.1 million. Non-GAAP Financial Measures were positive, with adjusted EBITDA, adjusted Net Income, and adjusted diluted EPS seeing increases. The Company ended the quarter with $128.9 million in liquidity. The Engineered Solutions segment continues to progress, with the Enhanced Flight Vision System gaining traction. The Company will host a conference call to discuss these results.
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