NASDAQ$ASLE
AerSale Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
AerSale's first quarter results reflected the pacing of the flight equipment sales.
AerSale reported a revenue of $78.3 million for Q1 2023, compared to $122.8 million in Q1 2022. GAAP net income was $5 thousand, a significant decrease from $17.2 million in the prior year period. The company reaffirms its 2023 guidance, expecting revenue between $460 and $490 million and adjusted EBITDA between $70 and $80 million.
- Revenue decreased to $78.3 million compared to $122.8 million in the prior year period, impacted by the timing of flight equipment sales.
- GAAP net income was $5 thousand, down from $17.2 million in the same period last year.
- Adjusted EBITDA decreased to $5.0 million compared to $29.9 million in the prior year period.
- Company reaffirms its 2023 guidance with revenue expected to be in the range of $460 - $490 million and adjusted EBITDA in the range of $70 - $80 million.
Headline financials
Revenue & EPS history
AerSale · Revenue · Quarterly
$78.3M
Revenue by segment
AerSale · $49.4M total across 2 segments · Q4 2020
- Technical Operations$32M—64.8%
- Asset Management Solutions$17.4M-82.3%35.2%
Forward guidance
AerSale still expects to generate revenue of $460 - $490 million and adjusted EBITDA of $70 - $80 million in 2023.
Tailwinds
- Company expects to generate revenue of $460 - $490 million in 2023.
- Company expects adjusted EBITDA of $70 - $80 million in 2023.
- Guidance reflects the Company’s expected flight equipment sales during the year.
- Guidance reflects anticipated volume in its ongoing operations.
- Company expects a stronger contribution from the 757 P2F program in the second half of 2023 as we execute on our planned flight equipment sales.
Headwinds
- Guidance for 2023 does not reflect potential sales of AerAware as the product is in its final stages of approval.
- Results for the first quarter of 2023 included significantly lower flight equipment sales compared to the prior year, which adversely impacted our margins.
- Expect this trend to continue through the second quarter of this year given that the second quarter of 2022 included $92.5 million of higher margin flight equipment sales.
- Company's revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales.
- FAA approval process is lengthy and exhaustive to ensure public safety.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-4.0%
Avg return
Earnings day
-3.0%
Avg return
5 days after
-1.7%
Avg return
30 days after
43%
12 / 28 earnings
Positive
+16.5%
Q4 2024
Best reaction
-24.5%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -10.9% | -12.0% | — | |
| Q4 2025 | -11.7% | -12.0% | -15.7% | |
| Q3 2025 | -11.9% | -14.4% | -5.2% | |
| Q1 2025 | -12.7% | -13.4% | -17.2% | |
| Q4 2024 | +16.5% | +15.6% | -4.0% | |
| Q3 2024 | -7.7% | -5.4% | +4.0% | |
| Q2 2024 | -9.7% | -12.5% | -14.9% | |
| Q1 2024 | +10.0% | +4.7% | -6.4% | |
| Q4 2023 | -24.0% | -22.0% | -23.0% | |
| Q3 2023 | -13.1% | -12.4% | -3.4% | |
| Q2 2023 | -24.5% | -24.1% | +7.7% | |
| Q1 2023 | -4.0% | -4.4% | -7.4% | |
| Q4 2022 | -15.1% | -19.7% | -19.2% | |
| Q3 2022 | -7.3% | -4.8% | -15.0% | |
| Q2 2022 | +11.2% | +13.0% | +18.9% | |
| Q1 2022 | -2.0% | -1.4% | +4.6% | |
| Q4 2021 | +2.5% | +11.0% | +6.2% | |
| Q3 2021 | -19.2% | -17.6% | -16.8% | |
| Q2 2021 | +4.1% | +18.8% | +22.7% | |
| Q1 2021 | -2.0% | -3.5% | -2.3% | |
| Q4 2020 | +16.3% | +25.5% | +25.4% | |
| Q3 2020 | +2.1% | +8.2% | +17.9% | |
| Q2 2020 | +0.7% | -0.3% | -0.6% | |
| Q1 2020 | +0.0% | +0.0% | +1.4% | |
| Q4 2019 | +0.2% | +0.0% | -1.0% | |
| Q4 2018 | +0.2% | +0.0% | -1.0% | |
| Q2 2019 | -0.7% | -1.0% | -1.4% | |
| Q1 2019 | +0.0% | +0.2% | +0.3% |
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