AerSale reports FY2022 revenue $408.5M (+20% YoY), guides FY2023 EBITDA $70-80M below FY2022 $87.4M

AerSale Corp

Full year 2022 revenue $408.5M (+20% YoY); GAAP net income $43.9M (+21.4% YoY); adjusted EBITDA $87.4M (21.4% of sales).
Q4 revenue $95.1M (down from $116.8M); Q4 GAAP net income $9.2M (down from $11.2M); Q4 adjusted EBITDA $17.7M (down from $28.6M).
2023 guidance: revenue $460-490M, adjusted EBITDA $70-80M (excl. AerAware), below FY2022 adjusted EBITDA of $87.4M.
AerAware STC flight testing underway; expects STC within 30 days of completion; 12 additional 757 P2F conversions contracted.
Cash $147.2M; undrawn $150M credit facility; no Payroll Support Program in 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AerSale Corp updated its fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).

Period: fourth quarter and full year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 6, 2023, AerSale Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter and year ended December 31, 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

AerSale Corp filing history →

Source: SEC EDGAR

accession 0001558370-23-002903

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