Aersale Corporation Stock Price, News & Analysis

AerSale Corporation (NASDAQ: ASLE) will announce its earnings results for the first quarter ending March 31, 2023 on May 9, 2023, after market close. A conference call will follow at 4:30 pm ET where management will discuss these results. Interested participants can join the call by dialing 1-888-886-7786 for U.S. callers or 1-416-764-8658 for international participants. An online webcast will be available on the AerSale website. A replay of the call will be accessible until May 23, 2023. AerSale specializes in aftermarket services for large aircraft, providing solutions to enhance operational efficiency for aircraft operators, including MRO, leasing, and engineered solutions like AerSafe.

AerSale Corporation (Nasdaq: ASLE) announced the appointment of Andrew Levy, Founder and CEO of Avelo Airlines, to its Board of Directors, effective April 15, 2023. Levy brings over 30 years of experience in the aviation sector, having led airlines to profitability and served at notable firms such as Allegiant Air and United Airlines. His addition will temporarily expand the board to 11 members. Concurrently, board members Eric J. Zahler and Sai S. Devabhaktuni will retire, while Michael Kirton will not seek re-election due to reduced ownership by Leonard Green & Partners. The board will be reduced to eight members after the 2023 annual stockholders meeting.

AerSale Corporation (NASDAQ: ASLE) reported a 20% revenue increase to $408.5 million for 2022, with GAAP net income rising 21.4% to $43.9 million.

Flight equipment sales included 12 aircraft, contributing significantly to growth. Revenue guidance for 2023 is projected at $460-$490 million, with adjusted EBITDA of $70-$80 million.

The fourth quarter revealed a decline in revenue to $95.1 million from $116.8 million year-over-year, primarily due to fluctuating flight equipment sales. Although adjusted EBITDA decreased to $17.7 million from $28.6 million, the company is focused on its 757 P2F program and the anticipated AerAware product launch.

AerSale Corporation (NASDAQ: ASLE) will release its fourth-quarter earnings for the period ended December 31, 2022, on March 6, 2023, after market close. A conference call is scheduled for 4:30 PM ET on the same day to discuss the results. Participants can join the call by dialing 1-877-407-3982 (international callers: 1-201-493-6780). A live webcast will also be available via the company's website. A replay will be accessible until March 20, 2023.

AerSale Corporation (NASDAQ: ASLE) has announced that its management team will present at Cowen’s 44th Annual Aerospace, Defense & Industrials conference on February 15, 2023, at 2:05 pm ET in Arlington, Virginia. The presentation will be accessible via a live webcast, and a replay will be available post-event. AerSale is a leader in aftermarket aviation, offering services such as Aircraft & Component MRO, Aircraft and Engine Sales, and Used Serviceable Material sales. The company maintains a comprehensive network of facilities and offers engineered solutions for enhanced aircraft performance. For further details, visit www.aersale.com.

AerSale Corporation (NASDAQ: ASLE) announced the pricing of a secondary offering of 4,000,000 shares of common stock at $15.50 per share by certain stockholders, including affiliates of Leonard Green & Partners. Additionally, underwriters are granted a 30-day option to purchase up to 600,000 extra shares. The company will not receive any proceeds from this transaction. AerSale is also repurchasing 1,500,000 shares from these stockholders at the same price. This repurchase is contingent upon the offering's closing, although the offering's closing isn't dependent on the repurchase.

AerSale Corporation (NASDAQ: ASLE) announced a secondary offering of 4,000,000 shares of its common stock by certain stockholders, including Leonard Green & Partners, L.P. The offering includes a 30-day option for underwriters to purchase an additional 600,000 shares. The selling stockholders will receive all proceeds, with no shares being issued by AerSale. Concurrently, AerSale plans to repurchase 1,500,000 shares from the selling stockholders at the offering price, expected to close alongside the offering.

AerSale Corporation (NASDAQ: ASLE) reported a significant decline in Q3 2022 revenue to $51.0 million, down from $73.3 million in Q3 2021, mainly due to a timing shift in flight equipment sales. Year-to-date sales increased by 40.1% to $313.4 million, with basic EPS up 13.6%. However, the company faced a GAAP net loss of $9.0 million in Q3 2022, compared to a loss of $1.6 million the previous year. Adjusted EBITDA also fell to $(0.5) million, reflecting decreased high-margin flight equipment sales. Despite these challenges, AerSale reaffirmed its 2022 revenue guidance of $420 - $450 million.

AerSale Corporation (NASDAQ: ASLE) will announce its third-quarter earnings for the period ending September 30, 2022, on November 8, 2022, after market close. A conference call will follow at 4:30 PM ET to discuss the results. Participants can join via telephone or through a live webcast accessible on AerSale's investor relations page. A telephonic replay will be available until November 22, 2022.

AerSale specializes in integrated aftermarket services for large jets, offering solutions that help aircraft owners optimize operational costs.