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Jun 30, 2022

AerSale Q2 2022 Earnings Report

AerSale's revenue and net income increased in the second quarter of 2022.

Key Takeaways

AerSale Corporation reported a significant increase in revenue and net income for the second quarter of 2022. Revenue reached $139.6 million, a 51.9% increase compared to the previous year, while GAAP net income rose to $26.5 million, a 59.9% increase.

Revenue increased by 51.9% year-over-year, reaching $139.6 million.

GAAP net income increased by 59.9% year-over-year, reaching $26.5 million.

Adjusted EBITDA increased by 35.2% year-over-year, reaching $41.1 million.

The company reaffirms its 2022 revenue guidance of $420 million to $450 million and adjusted EBITDA guidance of $80 million to $90 million.

Total Revenue
$140M
Previous year: $91.9M
+51.9%
EPS
$0.56
Previous year: $0.38
+47.4%
Adjusted EBITDA
$41.1M
Previous year: $30.4M
+35.2%
Gross Profit
$55M
Previous year: $30.7M
+78.9%
Cash and Equivalents
$197M
Previous year: $41.8M
+371.8%
Free Cash Flow
-$3.95M
Previous year: $22.2M
-117.8%
Total Assets
$518M
Previous year: $421M
+23.1%

AerSale

AerSale

Forward Guidance

AerSale reaffirmed its guidance for revenue of $420 - $450 million and adjusted EBITDA of $80 - $90 million in 2022.