StandardAero (NYSE: SARO) lifts 2026 outlook after margin gains and Q2 earnings jump

Rhea-AI Filing Summary

StandardAero, Inc. reported solid results for the three months ended June 30, 2026, with revenue of $1,599.7 million, up 4.6% year-over-year, driven by commercial aerospace and business aviation, partially offset by lower military revenue and removal of low-margin pass-through contracts.

Net income rose to $97.3 million (GAAP diluted EPS $0.29), a 43.7% increase, while Adjusted EBITDA grew 12.3% to $229.9 million and margin reached a record 14.4%. Adjusted diluted EPS was $0.40, up 24%. Free cash flow was an inflow of $50.2 million in the quarter, though cash from operations for the first half remained negative.

The Engine Services segment grew revenue 4.0% with Segment Adjusted EBITDA margin improving to 14.5%, while Component Repair Services revenue rose 9.2% but margin declined to 26.3% on mix. The company signed an expanded OEM license agreement, closed the acquisition of Unified Turbines, and continued share repurchases, ending with Net Debt to Adjusted EBITDA of 2.6x. Full-year 2026 guidance was raised for revenue ($6,375–$6,500 million), Adjusted EBITDA ($885–$910 million) and Adjusted diluted EPS ($1.50–$1.57), incorporating the elimination of $300–$400 million of pass-through revenue.

Positive

• Q2 profitability and EPS inflection: Net income grew 43.7% year-over-year to $97.3 million, with GAAP diluted EPS at $0.29 and Adjusted diluted EPS at $0.40, up 24% versus the prior-year quarter.
• Margin expansion and record Adjusted EBITDA margin: Adjusted EBITDA increased 12.3% to $229.9 million, and Adjusted EBITDA margin improved 100 bps to a record 14.4%, supported by productivity gains and removal of low-margin pass-through revenue.
• Upgraded full-year 2026 outlook: Revenue guidance was raised to $6,375–$6,500 million, Adjusted EBITDA to $885–$910 million, and Adjusted diluted EPS to $1.50–$1.57, indicating expectations for continued double-digit earnings growth.
• Improved leverage profile: Net Debt to Adjusted EBITDA declined to 2.6x at June 30, 2026, from 3.0x a year earlier, reflecting higher trailing twelve-month Adjusted EBITDA and supporting balance sheet flexibility.
• Positive free cash flow in the quarter: Free cash flow was an inflow of $50.2 million in Q2 2026, a notable improvement compared with a $30.7 million outflow in the prior-year quarter.

Negative

• None.

Filing Explained

The August 6 release changes adjusted-metric definitions and reports 330,910,687 shares outstanding after common-stock repurchases.

The August 6, 2026 Form 8-K furnishes StandardAero’s completed quarter-end results under Item 2.02; its press-release information is expressly not deemed filed for Section 18 liability purposes.

The company reports $100,085 thousand of common-stock repurchases, treasury stock of 3,743,096 shares, and 330,910,687 common shares outstanding at June 30, 2026. The disclosed consequence is a lower period-end share count rather than a new share issuance.

The company changed Adjusted Free Cash Flow to exclude intangible-asset purchases and broadened Adjusted Diluted EPS to exclude non-cash amortization of all intangible assets, including licenses. Accordingly, the updated full-year guidance and adjusted earnings comparison use definitions that exclude these items.

The share-count change can be tracked against 334,294,245 shares outstanding and 176,019 treasury shares at December 31, 2025; the filing also identifies the repurchase as a financing cash outflow.

The stated watch item is the full-year 2026 adjusted EBITDA, Adjusted Free Cash Flow, and Adjusted Diluted EPS guidance: the release provides no forward-looking GAAP reconciliations because the required components cannot be reliably predicted without unreasonable effort or expense.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Revenue: $1,599.7 million Q2 2026 Net Income: $97.3 million Q2 2026 GAAP Diluted EPS: $0.29 +5 more

8 metrics

Q2 2026 Revenue $1,599.7 million Three months ended June 30, 2026; up 4.6% year-over-year from $1,528.9 million

Q2 2026 Net Income $97.3 million Three months ended June 30, 2026; 43.7% growth from $67.7 million

Q2 2026 GAAP Diluted EPS $0.29 Up from $0.20 diluted EPS in the prior-year quarter

Q2 2026 Adjusted EBITDA $229.9 million Increased 12.3% year-over-year; Adjusted EBITDA Margin 14.4%

Q2 2026 Adjusted Diluted EPS $0.40 Up 24% from $0.32 in the prior-year quarter

2026 Revenue Guidance $6,375–$6,500 million Full-year 2026 expected revenue range, including effect of eliminating $300–$400 million pass-through

Net Debt to Adjusted EBITDA 2.6x At June 30, 2026; Net Debt $2,176.0 million and LTM Adjusted EBITDA $838.4 million

Q2 2026 Free Cash Flow $50.2 million Free Cash Flow for the quarter, versus a $30.7 million outflow in prior-year quarter

Key Terms

Adjusted EBITDA, Free Cash Flow, Net Debt to Adjusted EBITDA, business transformation costs, +2 more

6 terms

Adjusted EBITDA financial

"Adjusted EBITDA increased 12.3% year-over-year to $229.9 million; Adjusted EBITDA Margin was 14.4%"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Free Cash Flow financial

"Cash Flow used in Operations was $72.3 million; Free Cash Flow for the quarter was an inflow of $50.2 million"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

Net Debt to Adjusted EBITDA financial

"Net Debt to Adjusted EBITDA | 2.6x | | | 3.0x |"

Net debt to adjusted EBITDA is a leverage ratio that compares a company’s net debt (total interest-bearing debt minus cash) to its recurring operating earnings after removing one-off items. Think of it like how many years of steady take-home pay the business would need to pay off its outstanding debt; investors use it to gauge debt burden, financial risk and relative creditworthiness, with lower ratios generally indicating a safer balance sheet.

business transformation costs financial

"Represents new product industrialization costs with the business transformation of the LEAP 1A/1B engine line"

Business transformation costs are one-time or short-term expenses a company incurs to change how it operates—such as restructuring, new technology, layoffs, or retraining—so it can compete better in the future. Investors care because these costs reduce near-term profits and cash flow but may improve long-term efficiency and competitiveness; think of it as paying for a renovation that temporarily disrupts a store but aims to increase future sales and lower running costs.

LEAP 1A/1B engine line technical

"business transformation of the LEAP 1A/1B engine line in San Antonio, Texas"

Adjusted Diluted EPS financial

"Adjusted Diluted EPS was $0.40 up 24% from $0.32 in the prior year’s quarter"

Adjusted diluted EPS is a company’s profit per share after adding back or removing one-time items (like restructuring costs or gains) and dividing by the number of shares including potential shares from options and convertible securities. Investors use it as a cleaner view of ongoing earnings—like looking at a car’s regular fuel efficiency rather than a trip boosted by downhill coasting—to judge underlying performance and compare companies without temporary distortions.

Earnings Snapshot

Revenue (Q2 2026): $1,599.7 million · Guidance included

three and six months ended June 30, 2026

Revenue (Q2 2026) $1,599.7 million up 4.6% year-over-year from $1,528.9 million

Net Income (Q2 2026) $97.3 million up 43.7% year-over-year from $67.7 million

Adjusted EBITDA (Q2 2026) $229.9 million up 12.3% year-over-year from $204.6 million

Adjusted Diluted EPS (Q2 2026) $0.40 up 24% from $0.32 in the prior-year quarter

Net income (six months 2026) $177.2 million up from $130.7 million in the prior-year period

Guidance

For full-year 2026, StandardAero guides to revenue of $6,375–$6,500 million, Adjusted EBITDA of $885–$910 million, Adjusted Free Cash Flow of $270–$300 million, and Adjusted Diluted EPS of $1.50–$1.57.

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Understanding 8-K Material Events →

Available on EDGAR 08/06/2026 - 04:19 PM Accepted by SEC EDGAR 08/06/2026 - 04:18 PM Learn about SEC filing dates

FAQ

How did StandardAero (SARO) perform financially in Q2 2026?

StandardAero delivered Q2 2026 revenue of $1,599.7 million, up 4.6% year-over-year, and net income of $97.3 million, up 43.7%. Adjusted EBITDA rose 12.3% to $229.9 million, and Adjusted diluted EPS increased 24% to $0.40.

What guidance did StandardAero (SARO) provide for full-year 2026?

For 2026, StandardAero expects revenue of $6,375–$6,500 million, Adjusted EBITDA of $885–$910 million, and Adjusted diluted EPS of $1.50–$1.57. Guidance reflects elimination of $300–$400 million of low-margin pass-through revenue.

How did StandardAero’s (SARO) business segments perform in Q2 2026?

In Q2 2026, Engine Services revenue was $1,405.1 million with Segment Adjusted EBITDA of $204.2 million and a 14.5% margin. Component Repair Services revenue reached $194.6 million with Segment Adjusted EBITDA of $51.2 million and a 26.3% margin.

What was StandardAero’s (SARO) cash flow and leverage position at June 30, 2026?

For Q2 2026, StandardAero generated Free Cash Flow of $50.2 million. At June 30, 2026, Net Debt was $2,176.0 million, and Net Debt to Adjusted EBITDA improved to 2.6x, supported by trailing twelve-month Adjusted EBITDA of $838.4 million.

Did StandardAero (SARO) change how it calculates Adjusted diluted EPS?

Effective Q2 2026, StandardAero broadened Adjusted diluted EPS to exclude non-cash amortization of all intangible assets, including license-related intangibles, not just acquired intangibles. Management believes this better reflects core operating performance and improves comparability across periods.

What strategic actions did StandardAero (SARO) take during Q2 2026?

During Q2 2026, StandardAero signed a license agreement with a key OEM partner that expands the relationship and improves economics, closed the acquisition of Unified Turbines to strengthen Component Repair Services, and continued executing on its share repurchase program.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2026

StandardAero, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-42298	30-1138150
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
6710 North Scottsdale Road, Suite 250
Scottsdale, Arizona				85253
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code:

(480) 377 3100

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.01 per share		SARO		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 6, 2026, StandardAero Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the “Current Report”).

The information contained in this Item 2.02 of this Current Report, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) The following exhibit relates to Item 2.02 and shall be deemed to be furnished, and not filed:

Exhibit No.		Description
99.1		Press Release dated August 6, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			STANDARDAERO, INC.
Date:	August 6, 2026	By:	/s/ Daniel Satterfield
			Daniel Satterfield Chief Financial Officer

Exhibit 99.1

StandardAero Announces Second Quarter 2026 Results

Margin Expansion Leads To Double-digit Earnings Growth And Drives Guidance Increase

SCOTTSDALE, Arizona, August 6, 2026 (BUSINESS WIRE)-- StandardAero (NYSE: SARO) announced results today for the three months ended June 30, 2026 (“Second Quarter 2026”).

Second Quarter 2026 Highlights

•Revenue increased 4.6% year-over-year to $1,599.7 million

•Net Income was $97.3 million; Diluted GAAP EPS was $0.29, Net Income Margin was 6.1%

•Adjusted Diluted EPS was $0.40 up 24% from $0.32 in the prior year’s quarter

•Adjusted EBITDA increased 12.3% year-over-year to $229.9 million; Adjusted EBITDA Margin was 14.4%

•Cash Flow used in Operations was $72.3 million; Free Cash Flow for the quarter was an inflow of $50.2 million

•Signed license agreement with a key OEM partner

•Increasing FY26 Revenue, Adjusted EBITDA and Adjusted Diluted EPS guidance

“StandardAero delivered strong second quarter results with continued operational momentum,” said Russell Ford, StandardAero’s Chairman and Chief Executive Officer. “Amid the higher fuel price environment, we continue to see robust demand across the commercial aerospace platforms we serve, which translated into 12.3% Adjusted EBITDA growth year-over-year. Strong operational execution and the elimination of passthrough revenues from our restructured contracts allowed us to achieve record Adjusted EBITDA Margins of 14.4% and reach profitability on our LEAP and our CFM56 DFW programs during the quarter. Furthermore, we achieved an inflow of $50.2 million in Free Cash Flow during the quarter, as our supply chain initiatives begin to be realized.”

“We continue to execute on our strategic priorities,” Mr. Ford continued. “During the quarter, we signed an agreement with a key OEM partner that significantly expands our relationship and provides improved economics across multiple platforms, strengthening our long-term positioning. We also closed the acquisition of Unified Turbines, further building out our Component Repair Services capabilities, and continued to execute on our share repurchase program. Given our strong first-half performance and continued clear visible demand signals, we are raising our full-year 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS, and remain confident in our ability to deliver another year of double-digit earnings growth.”

Second Quarter 2026 Consolidated Results

Revenue for the Second Quarter 2026 was $1,599.7 million, an increase of $70.8 million, or 4.6%, from $1,528.9 million for the prior year period. The increase was driven by continued strong demand in our commercial aerospace and business aviation businesses, partially offset by the previously announced elimination of low-to-no margin material pass-through revenue on restructured contracts and lower military sales at our Component Repairs Services segment. The Commercial Aerospace end market grew 5.7% compared to the prior year period, the Business Aviation end market grew 5.6% compared to the prior year period, and the Military and Helicopter end market decreased 2.6%, compared to the prior year period.

Net income for the Second Quarter 2026 was $97.3 million, as compared to net income of $67.7 million for the prior year period, a 43.7% year-over-year growth rate. Net Income Margin was 6.1% in the quarter, compared to 4.4% in the prior year period.

Adjusted EBITDA for the Second Quarter 2026 was $229.9 million, an increase of $25.2 million, or 12.3%, from $ 204.6 million for the prior year period. The increase reflects continued growth in volume and pricing, as well as productivity improvements. Adjusted EBITDA Margin of 14.4% increased 100 basis points compared to 13.4% in the prior year period, primarily due to productivity improvements and the previously mentioned elimination of material pass-through revenue.

Second Quarter 2026 Segment Results

Engine Services Segment

Engine Services segment revenue for the Second Quarter 2026 was $1,405.1 million, an increase of $54.4 million, or 4.0%, from $1,350.7 million for the prior year period. The increase was driven primarily by continued year-over-year growth across all three major

end markets, offset by the elimination of low-to-no margin material pass-through revenues on restructured contracts.

Engine Services Segment Adjusted EBITDA for the Second Quarter 2026 was $204.2 million, an increase of $25.7 million, or 14.4%, from $178.5 million for the prior year period. The increase was driven by volume, productivity gains, and mix. Segment Adjusted EBITDA Margin of 14.5% increased 130 basis points compared to 13.2% in the prior year period driven by productivity gains, the elimination of material pass-through revenue, and mix, offset partially by the continued ramp in the LEAP and CFM56 DFW programs.

Component Repair Services Segment

Component Repair Services segment revenue for the Second Quarter 2026 was $194.6 million, an increase of $16.3 million, or 9.2%, from $178.3 million for the prior year period. The increase was driven by strong demand on commercial aerospace products and aeroderivative platforms, which were partially offset by lower revenues on certain military platforms due to input delays.

Component Repair Services Segment Adjusted EBITDA for the Second Quarter 2026 was $51.2 million, a decrease of $0.4 million, or 0.9%, from $51.6 million for the prior year period. Segment Adjusted EBITDA Margins decreased 270 basis points to 26.3% from 29.0% in the prior year period, driven primarily by negative mix.

Full Year 2026 Guidance

StandardAero is updating its full year 2026 guidance:

		Full Year 2026	($ in millions)
		Revenue1 (increase)	$6,375 to $6,500
		Engine Services1 (increase)	$5,600 to $5,700
		Component Repair Services	$775 to $800
		Adjusted EBITDA (increase)	$885 to $910
		Engine Services Segment (increase)	$770 to $785
		Component Repair Services Segment	$220 to $230
		Adjusted Free Cash Flow2 (revised)	$270 to $300
		Adjusted Diluted Earnings Per Share3 (revised)	$1.50 to $1.57
		End Market Revenue Growth Assumptions
		Commercial Aerospace4	Low-Double Digit to Mid-Teens YoY Growth
		Military & Helicopter	Low-Double Digit YoY Growth
		Business Aviation	High-Single Digit to Low-Double Digit YoY Growth

StandardAero has not reconciled its full year 2026 guidance related to Adjusted EBITDA, Adjusted Free Cash Flow or Adjusted Diluted EPS to its most directly comparable forward looking GAAP financial measure because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP measure without unreasonable effort or expense.

Conference Call and Webcast

1 Includes effect from the elimination of $300 to $400 million in material pass-through revenue.

2 Defined as Free Cash Flow excluding the purchase of intangible assets. Although StandardAero has previously provided guidance for Free Cash Flow, the Company has determined to provide guidance for Adjusted Free Cash Flow going forward because management believes that excluding the purchase of all intangible assets will provide investors with a more useful baseline for evaluating the Company’s core operating performance, as these cash payments—whether arising from acquisition accounting or license-related intangible investments—do not reflect StandardAero’s ongoing operations.

3 Effective Q2 2026, the Company updated its definition of Adjusted Diluted EPS to broaden the existing exclusion of amortization of acquired intangible assets to also exclude the non-cash amortization of all intangible assets, including intangible assets associated with licenses. Management believes that excluding this item provides investors with a more useful baseline for evaluating core operating performance, as these non-cash charges—whether arising from acquisition accounting or license-related intangible investments—do not reflect the Company’s ongoing operations and facilitate more consistent comparison of results across periods regardless of how the Company has chosen to deploy capital.

4 Excludes effect from the elimination of $300 to $400 million in material pass-through revenue.

Information

StandardAero management will host a conference call today, August 6, 2026, at 5:00 PM ET, to discuss its results in more detail. The conference call will be broadcast live via webcast, and the webcast and accompanying slide presentation can be accessed by visiting the Events section on StandardAero’s investor relations website at https://ir.standardaero.com/news-events/events. The conference call may also be accessed by dialing (877) 407-9762 or (201) 689-8538 for telephone access to the live call. Please click here for international toll-free access numbers.

For those unable to listen to the live conference call, a replay will be available after the call through the archived webcast in the Events section of the StandardAero’s investor relations website or by dialing (877) 660-6853 or (201) 612-7415. The access code for the replay is 13761161. The replay will be available until 11:59 PM ET on August 20, 2026.

About StandardAero

StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed and rotary wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.

Investor Relations Contact

Investors@StandardAero.com

Rama Bondada

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section 27A of the Securities Act of 1933, as amended (the “Securities Act”). In some cases, you can identify forward-looking statements by the words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “foreseeable,” “future,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or “would” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations for the fiscal year ended December 31, 2026, financial condition, liquidity, prospects, growth, strategies, the industry in which we operate and other information that is not historical information. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this presentation, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions that are difficult to predict or quantify.

Generally, statements that are not historical facts, including statements concerning our possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. Factors that could cause actual results to differ materially from those forward-looking statements included in this press release include, among others: risks related to conditions that affect the commercial and business aviation industries; decreases in budget, spending or outsourcing by our military end-users; risks from any supply chain disruptions or loss of key suppliers; increased costs of labor, equipment, raw materials, freight and utilities due to inflation; future outbreaks and infectious diseases; risks related to competition in the market in which we participate; loss of an OEM authorization or license; risks related to a significant portion of our revenue being derived from a small number of customers; our ability to remediate effectively the material weaknesses identified in our internal control over financial reporting; our ability to respond to changes in GAAP; our or our third-party partners’ failure to protect confidential information; data security incidents or disruptions to our IT systems and capabilities; our ability to comply with laws relating to the handling of information about individuals; changes to, and the impact of, United States tariff and import/export regulations; failure to maintain our regulatory approvals; risks relating to our operations outside of North America; failure to comply with government procurement laws and regulations; any work stoppage, hiring, retention or succession issues with our senior management team and employees; any strains on our resources due to the requirements of being a public company; risks related to our substantial indebtedness; risks related to the ownership of our common stock, including the fact that Carlyle owns a significant amount of our voting power; our success at managing the risks of the foregoing, and the other factors described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other filings with the SEC.

As a result of these factors, we cannot assure you that the forward-looking statements in this press release will prove to be accurate. You should understand that it is not possible to predict or identify all such factors. We operate in a competitive and rapidly changing

environment. New factors emerge from time to time, and it is not possible to predict the impact of all of these factors on our business, financial condition or results of operations.

Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives, plans or cost savings in any specified time frame or at all. In addition, even if our results of operations, financial condition and liquidity, and the development of the industry in which we operate, are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. We caution you not to place undue reliance on these forward-looking statements. All forward looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Forward-looking statements speak only as of the date of this press release. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

Non-GAAP Financial Measures

This press release includes “non-GAAP financial measures,” which are financial measures that either exclude or include amounts that are not excluded or included in the most directly comparable measures calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”), including Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt to Adjusted EBITDA, Adjusted Diluted EPS, Free Cash Flow and Adjusted Free Cash Flow. We use these non-GAAP financial measures to evaluate our business operations.

Certain of the non-GAAP financial measures presented in this press release are supplemental measures of our performance, in the case of Adjusted EBITDA and Adjusted EBITDA Margin, that we believe help investors understand our financial condition and operating results and assess our future prospects. We believe that presenting these non-GAAP financial measures, in addition to the corresponding GAAP financial measures, are important supplemental measures that exclude non-cash or other items that may not be indicative of or are unrelated to our core operating results and the overall health of our company. We believe that these non-GAAP financial measures provide investors greater transparency to the information used by management for its operational decision-making and allow investors to see our results “through the eyes of management.” We further believe that providing this information assists our investors in understanding our operating performance and the methodology used by management to evaluate and measure such performance. We also present Net Debt to Adjusted EBITDA, Free Cash Flow, and Adjusted Free Cash Flow, which are liquidity measures, that we believe are useful to investors because it is also used by our management for measuring our operating cash flow, liquidity and allocating resources. We believe it is important to measure the free cash flows we have generated from operations, after accounting for routine capital expenditures required to generate those cash flows. When read in conjunction with our GAAP results, these non-GAAP financial measures provide a baseline for analyzing trends in our underlying businesses and can be used by management as one basis for financial, operational and planning decisions. Finally, these measures are often used by analysts and other interested parties to evaluate companies in our industry.

We define Adjusted EBITDA as net income (loss) before interest expense, income tax expense (benefit), depreciation and amortization, further adjusted for certain non-cash items that we may record each period, as well as non-recurring items such as acquisition costs, integration and severance costs, refinance fees, business transformation costs and other discrete expenses, when applicable. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue. We define Adjusted Net Income as GAAP Net income, adjusted for certain one-time items that we may record in a period, as well as non-recurring items such as acquisition costs, integration and severance costs, refinance fees, business transformation costs and other discrete expenses, when applicable, adjusted for the tax effect. We define Adjusted Diluted EPS as Adjusted Net Income divided by the Total Diluted Shares Outstanding. We believe that Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS are important metrics for management and investors as they remove the impact of items that we do not believe are indicative of our core operating results or the overall health of our company and allows for consistent comparison of our operating results over time and relative to our peers. We define Net Debt to Adjusted EBITDA as long-term debt, less cash and cash equivalents divided by Adjusted EBITDA. We define free cash flow as cash from operating activities less capital expenditures. We defined Adjusted Free Cash Flow as Free Cash Flow excluding the purchase of intangible assets.

Management recognizes that these non-GAAP financial measures have limitations, including that they may be calculated differently by other companies or may be used under different circumstances or for different purposes, thereby affecting their comparability from company to company. In order to compensate for these and the other limitations discussed below, management does not consider these measures in isolation from or as alternatives to the comparable financial measures determined in accordance with GAAP. Readers should review the reconciliations of our non-GAAP financial measures to the corresponding GAAP measures included in this press release and should not rely on any single financial measure to evaluate our business.

We have presented forward-looking statements regarding Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Diluted EPS. These non-GAAP financial measures are derived by excluding certain amounts, expenses or income, from the corresponding financial

measure determined in accordance with GAAP. The determination of the amounts that are excluded from each non-GAAP financial measure is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period in reliance on the exception provided by item 10(e)(1)(i)(B) of Regulation S-K. We are unable to present a quantitative reconciliation of each forward-looking Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Diluted EPS measure to its most directly comparable forward looking GAAP financial measure because such information is not available, and management cannot reliably predict all of the necessary components of such GAAP measure without unreasonable effort or expense. In addition, we believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the company’s future financial results. These non-GAAP financial measures are preliminary estimates and subject to risks and uncertainties, including, among others, changes in connection with quarter-end and year-end adjustments. Any variation between our actual results and the forward-looking non-GAAP financial data set forth above may be material.

STANDARDAERO, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(In thousands, except share figures)

		June 30,				December 31,
		2026				2025
ASSETS
Current assets:
Cash		$	179,063			$	289,717
Accounts receivable (less allowance for expected credit losses of $9,911 and $13,484, respectively)			815,633				654,390
Contract assets, net			1,202,456				1,071,703
Inventories			772,104				827,691
Prepaid expenses and other current assets			34,833				42,776
Income tax receivable			25,173				10,182
Total current assets			3,029,262				2,896,459
Property, plant and equipment, net			589,485				579,971
Operating lease right of use asset, net			224,421				222,151
Customer relationships, net			884,236				920,432
Other intangible assets, net			403,141				244,877
Goodwill			1,710,805				1,684,255
Other assets			5,932				6,434
Deferred income tax assets			2,832				2,832
Total assets		$	6,850,114			$	6,557,411
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	711,647			$	679,772
Accrued expenses and other current liabilities			263,191				91,499
Accrued employee costs			81,488				74,008
Operating lease liabilities, current			25,834				22,308
Due to related parties			—				438
Contract liabilities			312,270				411,321
Income taxes payable, current			1,317				13,547
Long-term debt, current portion			23,322				23,444
Total current liabilities			1,419,069				1,316,337
Long-term debt			2,301,848				2,191,161
Operating lease liabilities, non-current			212,041				212,365
Deferred income tax liabilities			152,437				157,206
Income taxes payable, non-current			6,533				5,770
Other non-current liabilities			4,693				7,261
Total liabilities			4,096,621				3,890,100
Commitments and contingencies (Note 11)
Stockholders’ equity
Common stock ($0.01 par value, 3,500,000,000 shares authorized; 334,653,783 issued and 330,910,687 outstanding as of June 30, 2026 and 334,461,630 issued and 334,294,245 outstanding as of December 31, 2025)			3,309				3,345
Preferred stock ($0.01 par value, 100,000,000 shares authorized; no shares were issued)			—				—
Additional paid-in capital			3,967,764				3,958,039
Accumulated deficit			(1,108,696	)			(1,285,904	)
Accumulated other comprehensive loss			(7,884	)			(8,169	)
Treasury stock (at cost, 3,743,096 and 176,019 shares as of June 30, 2026 and December 31, 2025)			(101,000	)			—
Total stockholders’ equity			2,753,493				2,667,311
Total liabilities and stockholders’ equity		$	6,850,114			$	6,557,411

STANDARDAERO, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(In thousands, except per share figures)

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Revenue		$	1,599,693			$	1,528,943			$	3,226,550			$	2,964,531
Cost of revenue			1,330,915				1,292,768				2,718,400				2,510,626
Selling, general and administrative expense			75,597				76,002				147,539				140,477
Amortization of intangible assets			24,698				24,603				49,030				48,935
Operating income			168,483				135,570				311,581				264,493
Interest expense			41,279				43,835				79,430				87,626
Income before income taxes			127,204				91,735				232,151				176,867
Income tax expense			29,926				24,022				54,943				46,211
Net income		$	97,278			$	67,713			$	177,208			$	130,656
Earnings per share:
Basic		$	0.30			$	0.21			$	0.54			$	0.40
Diluted		$	0.29			$	0.20			$	0.53			$	0.39
Weighted-average shares of common stock outstanding
Basic			326,261				328,445				326,756				328,442
Diluted			332,310				334,300				332,858				334,227

STANDARDAERO, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(In thousands)

	Six Months Ended June 30,
	2026				2025
Operating activities
Net income	$	177,208			$	130,656
Adjustments to reconcile net income from operations to net cash used in operating activities:
Depreciation and amortization		93,504				97,223
Amortization of deferred finance charges and discounts		3,246				3,288
Amortization of interest cap premiums		3,379				5,467
Payment of interest rate cap premiums		(3,473	)			(5,524	)
Stock compensation expense		9,725				5,875
Loss (gain) from disposals, net		(622	)			3,449
Non-cash lease expense		902				866
Deferred income taxes		(4,731	)			(11,560	)
Foreign exchange gain (loss), net		679				431
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net		(160,101	)			(96,589	)
Contract assets, net		(130,753	)			(155,634	)
Inventories, net		55,770				(4,579	)
Prepaid expenses and other current assets		6,237				(24,422	)
Accounts payable, accrued expenses and other current liabilities		27,750				25,885
Contract liabilities		(99,051	)			20,204
Due to/from related parties		(438	)			(649	)
Income taxes payable and receivable		(26,458	)			(15,490	)
Net cash used in operating activities		(47,227	)			(21,103	)
Investing activities
Acquisitions, net of cash and other		(33,263	)			1,254
Purchase of property, plant and equipment		(36,641	)			(47,262	)
Payments for purchase of intangible assets		(476	)			(30,000	)
Proceeds from disposal of property, plant and equipment		828				3,637
Net cash used in investing activities		(69,552	)			(72,371	)
Financing activities
Proceeds from long-term debt		235,000				345,000
Repayment of long-term debt		(126,774	)			(261,785	)
Repurchase of common stock		(100,085	)			—
Repayments of long-term agreements		(911	)			(1,501	)
Net cash provided by financing activities		7,230				81,714
Effect of exchange rate changes on cash		(1,105	)			692
Net decrease in cash		(110,654	)			(11,068	)
Cash at beginning of the period		289,717				102,581
Cash at end of the period	$	179,063			$	91,513
Supplemental cash flow information:
Supplemental disclosure of non-cash investing activities:
Acquisition of property, plant and equipment, liability incurred, but not paid	$	2,782			$	839
Acquisition of intangible assets, liability incurred, but not paid		180,777				—

Selected financial information for each segment is as follows:

		Three months ended June 30, 2026
		Engine Services				Component Repair Services				Total Segments
		(in thousands)
Revenue from external customers		$	1,424,678			$	175,015			$	1,599,693
Intersegment revenue			(19,594	)			19,594				—
Total segment revenue			1,405,084				194,609				1,599,693
Other segment items (1)			1,200,871				143,411				1,344,282
Segment Adjusted EBITDA		$	204,213			$	51,198			$	255,411
Corporate (2)											25,534
Depreciation and amortization											47,043
Interest expense											41,279
Business transformation costs (LEAP and CFM) (3)											3,698
Non-cash stock compensation expense											6,267
Integration costs and severance (4)											346
Other (5)											4,040
Income before income taxes										$	127,204

(1)Other segment items for each reportable segment primarily includes cost of sales and other selling, general and administrative expenses.

(2)Corporate primarily consists of costs related to executive and staff functions, including Information Technology, Human Resources, Legal, Finance, Marketing, Supply Chain, Engineering and Quality, which benefit the enterprise as a whole. These costs are primarily related to the general management of these functions on a corporate level and the design and development of programs, policies, and procedures that are then implemented in the individual segments, with each segment bearing its own cost of implementation. The Corporate function also includes expenses associated with the Company’s debt.

(3)Represents new product industrialization costs with the business transformation of the LEAP 1A/1B engine line in San Antonio, Texas and the expansion of the Company’s CFM56 capabilities into Dallas, Texas.

(4)Represents integration costs incurred, including any facility or platform consolidation associated with the integration of an acquisition that does not meet capitalization criteria and severance related to reduction in workforce or acquisitions. Examples of integration costs may include lease breakage or run-off fees, consulting costs, demolition costs or training costs.

(5)Represents professional fees related to business transformation, secondary offering costs and quarterly management fees payable to Carlyle Investment Management L.L.C. and Beamer Investment Inc. under consulting services agreements, representation and warranty insurance costs associated with acquisitions, that are the result of other, non-comparable events to measure operating performance as these events arise outside of the Company’s ordinary course of continuing operations.

		Six months ended June 30, 2026
		Engine Services				Component Repair Services				Total Segments
		(in thousands)
Revenue from external customers		$	2,891,257			$	335,293			$	3,226,550
Intersegment revenue			(39,029	)			39,029				—
Total segment revenue			2,852,228				374,322				3,226,550
Other segment items (1)			2,469,382				270,723				2,740,105
Segment Adjusted EBITDA		$	382,846			$	103,599			$	486,445
Corporate (2)											53,412
Depreciation and amortization											93,504
Interest expense											79,430
Business transformation costs (LEAP and CFM) (3)											10,320
Non-cash stock compensation expense											9,725
Integration costs and severance (4)											687
Other (5)											7,216
Income before income taxes										$	232,151

(1)Other segment items for each reportable segment primarily includes cost of sales and other selling, general and administrative expenses.

(2)Corporate primarily consists of costs related to executive and staff functions, including Information Technology, Human Resources, Legal, Finance, Marketing, Supply Chain, Engineering and Quality, which benefit the enterprise as a whole. These costs are primarily related to the general management of these functions on a corporate level and the design and development of programs, policies, and procedures that are then implemented in the individual segments, with each segment bearing its own cost of implementation. The Corporate function also includes expenses associated with the Company’s debt.

(3)Represents new product industrialization costs with the business transformation of the LEAP 1A/1B engine line in San Antonio, Texas and the expansion of the Company’s CFM56 capabilities into Dallas, Texas.

(4)Represents integration costs incurred, including any facility or platform consolidation associated with the integration of an acquisition that does not meet capitalization criteria and severance related to reduction in workforce or acquisitions. Examples of integration costs may include lease breakage or run-off fees, consulting costs, demolition costs or training costs.

(5)Represents professional fees related to business transformation, secondary offering costs and quarterly management fees payable to Carlyle Investment Management L.L.C. and Beamer Investment Inc. under consulting services agreements, representation and warranty insurance costs associated with acquisitions, that are the result of other, non-comparable events to measure operating performance as these events arise outside of the Company’s ordinary course of continuing operations.

		Three months ended June 30, 2025
		Engine Services				Component Repair Services				Total Segments
		(in thousands)
Revenue from external customers		$	1,373,701			$	155,242			$	1,528,943
Intersegment revenue			(23,024	)			23,024				—
Total segment revenue			1,350,677				178,266				1,528,943
Other segment items (1)			1,172,168				126,626				1,298,794
Segment Adjusted EBITDA		$	178,509			$	51,640			$	230,149
Corporate (2)											25,512
Depreciation and amortization											48,547
Interest expense											43,835
Business transformation costs (LEAP and CFM) (3)											5,264
Non-cash stock compensation expense											3,830
Integration costs and severance (4)											1,360
Other (5)											10,066
Profit before tax										$	91,735

(1)Other segment items for each reportable segment primarily includes cost of sales and other selling, general and administrative expenses.

(2)Corporate primarily consists of costs related to executive and staff functions, including Information Technology, Human Resources, Legal, Finance, Marketing, Supply Chain, Engineering and Quality, which benefit the enterprise as a whole. These costs are primarily related to the general management of these functions on a corporate level and the design and development of programs, policies, and procedures that are then implemented in the individual segments, with each segment bearing its own cost of implementation. The Corporate function also includes expenses associated with the Company's debt.

(3)Represents new product industrialization costs with the business transformation of the LEAP 1A/1B engine line in San Antonio, Texas and the expansion of the Company’s CFM56 capabilities into Dallas, Texas.

(4)Represents integration costs incurred, including any facility or platform consolidation associated with the integration of an acquisition that does not meet capitalization criteria and severance related to reduction in workforce or acquisitions. Examples of integration costs may include lease breakage or run-off fees, consulting costs, demolition costs or training costs.

(5)Represents professional fees related to business transformation, secondary offering costs and quarterly management fees payable to Carlyle Investment Management L.L.C. and Beamer Investment Inc. under consulting services agreements, representation and warranty insurance costs associated with acquisitions, that are the result of other, non-comparable events to measure operating performance as these events arise outside of our ordinary course of continuing operations.

		Six months ended June 30, 2025
		Engine Services				Component Repair Services				Total Segments
		(in thousands)
Revenue from external customers		$	2,659,977			$	304,554			$	2,964,531
Intersegment revenue			(40,987	)			40,987				—
Total segment revenue			2,618,990				345,541				2,964,531
Other segment items (1)			2,266,472				246,540				2,513,012
Segment Adjusted EBITDA		$	352,518			$	99,001			$	451,519
Corporate (2)											48,655
Depreciation and amortization											97,223
Interest expense											87,626
Business transformation costs (LEAP and CFM) (3)											18,181
Non-cash stock compensation expense											5,875
Integration costs and severance (4)											2,740
Other (5)											14,352
Income before income taxes										$	176,867

(1)Other segment items for each reportable segment primarily includes cost of sales and other selling, general and administrative expenses.

(2)Corporate primarily consists of costs related to executive and staff functions, including Information Technology, Human Resources, Legal, Finance, Marketing, Supply Chain, Engineering and Quality, which benefit the enterprise as a whole. These costs are primarily related to the general management of these functions on a corporate level and the design and development of programs, policies, and procedures that are then implemented in the individual segments, with each segment bearing its own cost of implementation. The Corporate function also includes expenses associated with the Company’s debt.

(3)Represents new product industrialization costs with the business transformation of the LEAP 1A/1B engine line in San Antonio, Texas and the expansion of the Company’s CFM56 capabilities into Dallas, Texas.

(4)Represents integration costs incurred, including any facility or platform consolidation associated with the integration of an acquisition that does not meet capitalization criteria and severance related to reduction in workforce or acquisitions. Examples of integration costs may include lease breakage or run-off fees, consulting costs, demolition costs or training costs.

(5)Represents professional fees related to business transformation, secondary offering costs and quarterly management fees payable to Carlyle Investment Management L.L.C. and Beamer Investment Inc. under consulting services agreements, representation and warranty insurance costs associated with acquisitions, that are the result of other, non-comparable events to measure operating performance as these events arise outside of our ordinary course of continuing operations.

The following table presents a reconciliation of net income and net income margin to Adjusted EBITDA and Adjusted EBITDA Margin, respectively:

		Three months ended June 30,								Six months ended June 30,
		2026				2025				2026				2025
		(in thousands, except percentages)
Net income		$	97,278			$	67,713			$	177,208			$	130,656
Income tax expense			29,926				24,022				54,943				46,211
Depreciation and amortization			47,043				48,547				93,504				97,223
Interest expense			41,279				43,835				79,430				87,626
Business transformation costs (LEAP and CFM) (1)			3,698				5,264				10,320				18,181
Non-cash stock compensation expense			6,267				3,830				9,725				5,875
Integration costs and severance (2)			346				1,360				687				2,740
Secondary offering costs			—				3,860				1,350				3,860
Other (3)			4,040				6,206				5,866				10,492
Adjusted EBITDA		$	229,877			$	204,637			$	433,033			$	402,864
Revenue		$	1,599,693			$	1,528,943			$	3,226,550			$	2,964,531
Net income margin			6.1	%			4.4	%			5.5	%			4.4	%
Adjusted EBITDA Margin			14.4	%			13.4	%			13.4	%			13.6	%

(1)Represents new product industrialization costs with the business transformation of the LEAP 1A/1B engine line in San Antonio, Texas and the expansion of the Company’s CFM56 capabilities into Dallas, Texas.

(2)Represents integration costs incurred, including any facility or platform consolidation associated with the integration of an acquisition that does not meet capitalization criteria and severance related to reduction in workforce or acquisitions. Examples of integration costs may include lease breakage or run-off fees, consulting costs, demolition costs or training costs.

(3)Represents other costs not recurring in the ordinary course of business including professional fees related to business transformation and quarterly management fees payable to Carlyle Investment Management L.L.C. and Beamer Investment Inc. under consulting services agreements, representation and warranty insurance costs associated with acquisitions and other non-comparable events to measure operating performance as these events arise outside of the Company’s ordinary course of continuing operations.

The following table presents a reconciliation of Debt to Net Debt and Net Debt to Adjusted EBITDA:

		June 30,				June 30,
		2026				2025
		(in millions, except percentages)
2024 Term Loan Facilities		$	2,216.3			$	2,238.8
2024 Revolving Credit Facility			120.0				95.0
Finance leases			17.8				19.1
Other			1.0				1.1
Debt			2,355.1				2,354.0
Less Cash			179.1				91.5
Net Debt		$	2,176.0			$	2,262.5
LTM Adjusted EBITDA		$	838.4			$	757.4
Net Debt to Adjusted EBITDA		2.6x				3.0x

The following table presents revenue by segment, Segment Adjusted EBITDA and Segment Adjusted EBITDA Margin:

		Three months ended June 30,								Six months ended June 30,
		2026				2025				2026				2025
		(in thousands, except percentages)
Engine Services
Segment Revenue		$	1,405,084			$	1,350,677			$	2,852,228			$	2,618,990
Segment Adjusted EBITDA		$	204,213			$	178,509			$	382,846			$	352,518
Segment Adjusted EBITDA Margin			14.5	%			13.2	%			13.4	%			13.5	%
Component Repair Services
Segment Revenue		$	194,609			$	178,266			$	374,322			$	345,541
Segment Adjusted EBITDA		$	51,198			$	51,640			$	103,599			$	99,001
Segment Adjusted EBITDA Margin			26.3	%			29.0	%			27.7	%			28.7	%

The following table presents a reconciliation of Cash Flow from Operations to Free Cash Flow:

	Three months ended June 30,								Six months ended June 30,
	2026				2025				2026				2025
	(in thousands)
Net cash used in operating activities	$	72,328			$	2,883			$	(47,227	)		$	(21,103	)
Purchase of property, plant and equipment		(21,051	)			(21,924	)			(36,641	)			(47,262	)
Payments for purchase of intangible assets		(476	)			(15,000	)			(476	)			(30,000	)
Proceeds from disposal of property, plant and equipment		(578	)			3,369				828				3,637
		(22,105	)			(33,555	)			(36,289	)			(73,625	)
Free cash flow	$	50,223			$	(30,672	)		$	(83,516	)		$	(94,728	)

The following tables present a reconciliation of Net income/Diluted EPS to Adjusted Net Income/Adjusted Diluted EPS:

		Three months Ended June 30, 2026								Six months ended June 30, 2026
		$				EPS				$				EPS
		(in millions, except per share data )
Net income/Diluted EPS		$	97.3			$	0.29			$	177.2			$	0.53
Business transformation costs (LEAP and CFM)			3.7				0.01				10.3				0.03
Stock compensation			6.2				0.02				9.7				0.03
Integration costs and severance			0.4				0.00				0.7				0.00
Secondary offering costs			—				—				1.3				0.00
Professional services fees and other			4.1				0.01				5.9				0.02
One-offs included in adjusted EBITDA add-back			14.4				0.04				27.9				0.08
Amortization of intangible assets (1)			32.6				0.10				64.9				0.19
Tax adjustment			(11.3	)			(0.03	)			(22.1	)			(0.07	)
Adjusted Net Income/Adjusted Diluted EPS (1)		$	133.0			$	0.40			$	247.9			$	0.74

1) Effective Q2 2026, the Company updated its definition of Adjusted Diluted EPS to broaden the existing exclusion of amortization of acquired intangible assets to also exclude the non-cash amortization of all intangible assets, including intangible assets associated with licenses. Management believes that excluding this item provides investors with a more useful baseline for evaluating core operating performance, as these non-cash charges—whether arising from acquisition accounting or license-related intangible investments—do not reflect the Company’s ongoing operations and facilitate more consistent comparison of results across periods regardless of how the Company has chosen to deploy capital, and will provide further comparability to StandardAero’s peers.

		Three months Ended June 30, 2025								Six months ended June 30, 2025
		$				EPS				$				EPS
		(in millions, except per share data )
Net income/Diluted EPS		$	67.8			$	0.20			$	130.7			$	0.39
Business transformation costs (LEAP and CFM)			5.3				0.02				18.2				0.05
Stock compensation			3.9				0.01				5.9				0.02
Integration costs and severance			1.3				0.00				2.7				0.01
Secondary offering costs			3.9				0.01				3.9				0.01
Professional services fees and other			6.2				0.02				10.5				0.03
One-offs included in adjusted EBITDA add-back			20.6				0.06				41.2				0.12
Amortization of intangible assets (1)			32.7				0.10				65.0				0.19
Tax adjustment			(13.0	)			(0.04	)			(25.9	)			(0.08	)
Adjusted Net Income/Adjusted Diluted EPS (1)		$	108.1			$	0.32			$	211.0			$	0.63

1) Effective Q2 2026, the Company updated its definition of Adjusted Diluted EPS to broaden the existing exclusion of amortization of acquired intangible assets to also exclude the non-cash amortization of all intangible assets, including intangible assets associated with licenses. Management believes that excluding this item provides investors with a more useful baseline for evaluating core operating performance, as these non-cash charges—whether arising from acquisition accounting or license-related intangible investments—do not reflect the Company’s ongoing operations and facilitate more consistent comparison of results across periods regardless of how the Company has chosen to deploy capital, and will provide further comparability to StandardAero’s peers.

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