AerSale Q1 revenue falls to $78.3M, net income $5K; adjusted EBITDA $5.0M; reaffirms 2023 guidance

AerSale Corp

2023-Q1 EPS reported $0.00 revenue$78,271,000

Q1 2023 revenue $78.3M vs $122.8M YoY; GAAP net income $5K vs $17.2M.
Flight equipment sales $27.7M (2 aircraft, 1 airframe, 1 engine) vs $75.9M (6 aircraft, 4 engines).
Adjusted EBITDA $5.0M vs $29.9M; Adjusted Net Income $3.3M vs $22.2M.
Reaffirms FY2023 guidance: revenue $460-490M, adjusted EBITDA $70-80M (excludes AerAware).
CEO cites timing of flight equipment sales; on track to convert 11 additional 757s to freighters.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AerSale Corp reported the first quarter ended March 31, 2023 results: revenue $78.3 million, net income $5 thousand. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $78.3 million
Net income: $5 thousand
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(EX-99.1) --- AerSale Reports First Quarter 2023 Results First Quarter 2023 Highlights ● Revenue and earnings reflect the pacing of flight equipment sales. ● Revenue of $78.3 million versus $122.8 million in the prior year period. ● GAAP net income of $5 thousand versus $17.2 millions in the prior year period. ● Adjusted Net Income 1 of $3.3 million versus

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Source: SEC EDGAR

accession 0001558370-23-008808

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