earnings
confidence high
sentiment positive
materiality 0.75
AerSale Q2 revenue up 52% to $139.6M; Adj. EBITDA $41.1M (+35%)
AerSale Corp
2022-Q2 EPS reported
$0.81
revenue$262,414,000
- GAAP net income $26.5M ($0.47 diluted EPS) vs $16.5M ($0.38) a year ago; adjusted net income $31.7M.
- Flight equipment sales $92.5M (three aircraft, three engines) vs $42.7M in Q2 2021; two 757 freighter conversions sold.
- TechOps revenue fell 20.7% to $25.1M due to lower storage MRO and capacity diverted to 757 P2F conversions.
- Reaffirms 2022 guidance: revenue $420M-$450M, adjusted EBITDA $80M-$90M; AerAware software validation completed with FAA certification flights ahead.
- Cash $197.2M and undrawn $150M credit facility at June 30, 2022.