AerSale Q1 revenue up 16% to $90.5M; net income $6.3M vs $5K prior year

AerSale Corp

2024-Q1 EPS reported $0.12 revenue$90,540,000

Revenue $90.5M (+15.6% YoY); GAAP net income $6.3M vs $5K; Adjusted EBITDA $9.0M vs $5.0M.
Flight equipment sales: one aircraft and four engines, contributing $38.6M vs $27.7M.
Asset Management revenue $59.3M (up 22.5%); TechOps $31.3M (up 5%).
Feedstock acquisitions $28.2M; $51.7M under contract; inventory $350.1M.
CEO cites strong MRO demand; expects favorable backdrop for remainder of 2024.

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 fiscal quarter ended March 31, 2024 results: revenue $90.5 million, net income $6.3 million.

Period: the fiscal quarter ended March 31, 2024
Revenue: $90.5 million
Net income: $6.3 million
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- AerSale Reports First Quarter 2024 Results First Quarter 2024 Highlights ● Revenue of $90.5 million versus $78.3 million in the prior year period. ● GAAP net income of $6.3 million versus $5 thousand in the prior year period. ● Adjusted Net Income 1 of $5.5 million versus $3.3

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Source: SEC EDGAR

accession 0001558370-24-007360

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