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AerSale Corporation (ASLE)
NASDAQ:ASLE
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
-$0.02Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 5.08%
|Next Earnings Date:Mar 17, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in leasing and TechOps segments, improved financial metrics, and positive prospects for Engineered Solutions. However, challenges in flight equipment sales, USM feedstock acquisition, and initial losses at the Millington facility were noted. Overall, the call presented a balanced view of achievements and ongoing challenges.Company Guidance
During AerSale Inc.'s Third Quarter 2024 Earnings Call, the company reported a revenue of $82.7 million, a decrease from $92.5 million in the previous year, primarily due to lower flight equipment sales. However, excluding these sales, revenue increased by 26% year-over-year. The company also noted an 18% growth in their MRO segment and a rise in adjusted EBITDA to $8.2 million from $1.9 million in 2023. AerSale highlighted the addition of 4 engines to their lease pool, which contributed to improved leasing revenue and is expected to stabilize quarterly performance. The update on strategic priorities included the expansion of MRO facilities, with expectations to generate a run rate of at least $50 million annually from these expansions. The company mentioned challenges in acquiring feedstock due to OEM production delays but emphasized maintaining discipline in asset acquisition. AerSale remains optimistic about its engineered solutions like AerAware and AerSafe, with a backlog of $11 million anticipated to double by the 2026 regulatory compliance deadline.Expansion of Lease Pool and Revenue Growth
Expanded lease pool drove a meaningful uptick in leasing revenue, consistent with strategic priorities. MRO business improved, being the primary driver of an 18% year-over-year growth in the segment.
Strong Performance in TechOps and Engineered Solutions
TechOps segment sales increased by 17.6% to $32.3 million. Engineered Solutions had an active quarter with multiple prospective customers for AerAware and ongoing sales opportunities for AerSafe.
Improved Financial Metrics
Adjusted EBITDA improved to $8.2 million from $1.9 million in 2023, driven by higher gross margin and lower operating expenses. Adjusted net income was $1.8 million, compared to $0.9 million in the prior year.
MRO Facility Expansion Projects on Track
MRO expansion projects in Miami and Millington are on track, expected to be operational by Q1 2025, contributing to increased revenue and improved margins.
Positive Prospects for AerAware and AerSafe
Ongoing discussions with multiple prospective customers for AerAware; AerSafe backlog expected to accelerate and double by the 2026 regulatory deadline.
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ASLE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASLE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.90 | $5.50 | -6.78% |
| Aug 07, 2024 | $5.56 | $5.21 | -6.29% |
| May 08, 2024 | $7.55 | $8.25 | +9.27% |
| Mar 07, 2024 | $9.40 | $6.96 | -25.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AerSale Corporation (ASLE) report earnings?
AerSale Corporation (ASLE) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is AerSale Corporation (ASLE) earnings time?
AerSale Corporation (ASLE) earnings time is at Mar 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASLE EPS forecast?
ASLE EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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