earnings
confidence high
sentiment positive
materiality 0.85
StandardAero Q3 revenue up 13.2% to $1.24B; net income $16.4M; IPO proceeds used to pay down debt
StandardAero, Inc.
2024-Q3 EPS reported
$0.09
revenue$3,827,548,000
- Revenue $1,244.6M (+13.2% YoY); net income $16.4M vs ($17.9M) loss; adjusted EBITDA $168.4M (+26%).
- Commercial aerospace revenue +20%, business aviation +15%; military/helo -3% due to V-22 Osprey grounding.
- Acquired Aero Turbine for up to $141M; expected to contribute $25M adjusted EBITDA in 2025.
- Completed $1.7B IPO; net $1.2B used to repay $475.5M senior notes and $726.1M term loans.
- Refinanced remaining debt with new $2.25B term loan and $750M revolver; annual interest savings >$130M vs pre-IPO.