Aersale Corporation Stock Price, News & Analysis

AerSale Corporation (NASDAQ: ASLE) announced a secondary offering of 4,250,000 shares of common stock by certain stockholders. The selling stockholders, including affiliates of Leonard Green & Partners, plan to grant underwriters an option for an additional 637,500 shares. All proceeds will go to the selling stockholders, as AerSale is not selling any shares. Cowen, RBC Capital Markets, and Stifel are joint book-running managers for the offering. A registration statement has been declared effective by the SEC, but this announcement does not constitute an offer to sell or buy any securities.

AerSale Corporation (Nasdaq: ASLE) reported a strong second quarter for 2022, with revenue of $139.6 million, reflecting a 51.9% increase year-over-year. GAAP net income stood at $26.5 million, or 18.9% of sales, up 59.9% from the previous year. Adjusted Net Income was $31.7 million, representing 22.7% of sales. The company reaffirmed its 2022 guidance, expecting revenue between $420 million and $450 million and adjusted EBITDA of $80 million to $90 million. Key highlights included increased flight equipment sales and positive demand trends for Used Serviceable Material (USM).

AerSale Corporation (NASDAQ: ASLE) announced that CEO Nicolas Finazzo will present at the Jefferies Industrials Conference in New York on August 10, 2022, at 9:00 am ET. The presentation will be available via live webcast and investors can access a replay on the company's Investor Relations website. AerSale provides integrated aftermarket services for large jets, focusing on cost-effective operational solutions through its various offerings, including MRO, sales, and leasing.

AerSale Corporation (NASDAQ: ASLE) announced it will release its Q2 earnings results for the period ending June 30, 2022, on August 8, 2022, after market close. A conference call will follow at 4:30 PM ET to discuss the results. Participants can join via phone or a live webcast available at https://ir.aersale.com/news-events/events. A replay of the call will be accessible until August 23, 2022. AerSale provides integrated aftermarket services for large jets, focusing on cost savings for aircraft owners and operators.

AerSale (ASLE) has engaged Universal Avionics to deliver ClearVision™ systems, securing a contract worth $33 million. This Enhanced Flight Vision System (EFVS) includes the SkyLens™ Head Wearable Display and EVS-5000 cameras, specifically for the Boeing 737NG. The solution enhances operational efficiency and crew resource management under low visibility conditions. Universal Avionics showcases over 20 years of EVS experience, with ClearVision already utilized in various aircraft, promising improved safety for airlines.

AerSale Corporation (NASDAQ: ASLE) has appointed Judith A. Fedder, retired Lieutenant General of the USAF, to its Board of Directors effective July 1, 2022. General Fedder brings nearly 35 years of military experience, having served as Deputy Chief of Staff for Logistics in the U.S. Air Force. Post-retirement, she held senior roles at Boeing and currently serves as a Senior Advisor at the Boston Consulting Group. The company anticipates that her extensive background in aerospace logistics and leadership will provide significant benefits to its operations.

AerSale Corporation (NASDAQ: ASLE) announced that CFO Martin Garmendia will present at the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 11:30 am ET. The presentation will be available via live webcast, with a replay accessible post-event on the company's Investor Relations website.

AerSale specializes in integrated aftermarket services for airlines operating large jets, contributing to operational savings through MRO, aircraft and engine leasing, and tailored solutions.

AerSale Corporation (Nasdaq: ASLE) reported a strong first quarter of 2022, with revenues reaching $122.8 million, a 110% increase year-over-year. GAAP net income surged by 72% to $17.2 million, and adjusted net income rose 115% to $22.2 million. Adjusted EBITDA was $29.9 million, reflecting a strong margin of 24.4%. Flight equipment sales contributed $75.9 million, primarily from five Boeing 757 aircraft. AerSale reaffirmed its 2022 revenue guidance of $420 - $450 million and adjusted EBITDA of $80 - $90 million.

AerSale Corporation (NASDAQ: ASLE) announced the expansion of its component MRO capabilities through the acquisition of advanced pneumatic system testing technology from Bauer, Inc. This investment significantly enhances AerSale Component Solutions' ability to provide comprehensive MRO services for pneumatic components, benefiting a growing customer base. The acquisition reflects AerSale’s commitment to improving operational efficiency and supporting its diverse MRO solutions for current and new generation aircraft fleets.