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Mar 31, 2022
AerSale Q1 2022 Earnings Report
AerSale's Q1 2022 earnings were released, revealing revenue growth and increased profitability.
Key Takeaways
AerSale Corporation reported a strong first quarter in 2022 with a 110% increase in revenue to $122.8 million and a 72% increase in GAAP net income to $17.2 million. The company's performance was driven by flight equipment sales and increased demand for USM parts.
Revenue increased by 110% year-over-year to $122.8 million.
GAAP net income increased by 72% year-over-year to $17.2 million.
Adjusted EBITDA increased by 81% year-over-year.
The company reaffirms its 2022 revenue guidance in the range of $420 to $450 million and adjusted EBITDA guidance in the range of $80 to $90 million.
Forward Guidance
AerSale reaffirmed its guidance for revenue of $420 - $450 million and adjusted EBITDA of $80 - $90 million in 2022.
Positive Outlook
- Improvement in the Company’s AMS segment
- Ongoing demand for its on-airport MRO services
- Accelerating demand in cargo and e-commerce markets
- Continued requests for passenger-to-freighter conversions
- Continued requests for other TechOps products and services
Challenges Ahead
- Recent geopolitical events related to the Russian invasion of Ukraine may impact the global commercial aerospace industry
- Extensive process of software validation needed for AerAware certification is expected to be ongoing through the second quarter of 2022.
- Fluctuating market value of products
- Shortage of skilled personnel
Historical Earnings Impact
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Avg. Return Before/After Earnings
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