earnings
confidence high
sentiment positive
materiality 0.75
AerSale Q1 revenue $122.8M (+110% YoY); reaffirms FY22 guidance $420-450M revenue, $80-90M adjusted EBITDA
AerSale Corp
2022-Q1 EPS reported
$0.32
revenue$122,806,000
- Revenue $122.8M (+110% YoY); GAAP net income $17.2M ($0.32 diluted EPS); adjusted EPS $0.41.
- Adjusted EBITDA $29.9M (24.4% of sales) vs $16.5M in Q1 2021; reaffirms FY22 guidance.
- Flight equipment sales of $75.9M (six aircraft, four engines) drove AMS revenue up 154.8%.
- Ended quarter with $171.7M cash and undrawn $150M credit facility; no debt.
- Two aircraft and one engine lease terminated due to Russia-Ukraine sanctions; being remarketed.