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Dec 31, 2021
AerSale Q4 2021 Earnings Report
AerSale reported increased revenue and net income driven by strong AMS contributions and flight equipment sales.
Key Takeaways
AerSale Corporation reported a significant increase in revenue and net income for Q4 2021. Revenue reached $116.8 million, including $73.1 million from flight equipment sales, compared to $49.4 million in the prior-year period. GAAP net income was $11.2 million, up from $0.3 million in the prior year. The company's performance was driven by strong contributions from Asset Management Solutions (AMS) and a favorable sales mix.
Q4 2021 revenue increased to $116.8 million, including $73.1 million from flight equipment sales.
GAAP net income for Q4 2021 was $11.2 million, compared to $0.3 million in the prior-year period.
Adjusted Net Income for Q4 2021 was $22.3 million, compared to $0.2 million in the prior-year period.
Adjusted EBITDA for Q4 2021 was $28.6 million, compared to $3.0 million in the prior-year period.
Forward Guidance
AerSale expects revenue between $420 - $450 million and adjusted EBITDA between $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 TechOps products and services
Challenges Ahead
- Recent geopolitical events related to the Russian invasion of Ukraine may impact the global commercial aerospace industry
- Supply chain disruptions
- Escalating sanctions
- Impact on flight activity due to higher fuel prices
- Labor constraints have impacted the timely completion of software validation needed for certification until the second quarter of 2022
Historical Earnings Impact
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Avg. Return Before/After Earnings
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