AerSale reports Q3 EPS 1c, consensus 5c

Reports Q3 revenue $82.7M, consensus $92.8M. Nick Finazzo, AerSale’s (ASLE) Chief Executive Officer, commented, “Our base business continued to grow in the third quarter and was up 26% year-over-year excluding whole asset sales. This is reflective of stronger feedstock availability and a robust commercial backdrop for USM and MRO. As we look to the balance of the year and into 2025, we are positioned for significant cash generation as we focus on monetizing feedstock and our 757 conversion program, along with driving incremental revenue through our MRO facilities as our expansion projects come on line.”