NASDAQ$ASLE
AerSale Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
AerSale's Q1 2024 financial performance was marked by increased revenue and net income compared to the prior-year period.
AerSale Corporation reported a strong start to 2024 with increased revenue, driven by flight equipment sales, USM sales, and robust MRO revenue. Net income also saw a significant rise compared to the first quarter of 2023.
- Revenue increased to $90.5 million, up from $78.3 million in the prior year period.
- GAAP net income was $6.3 million, a substantial increase from $5 thousand in the prior year period.
- Asset Management Solutions revenue increased to $59.3 million, compared to $48.4 million in the prior year period.
- TechOps revenue increased by 4.8% to $31.3 million, driven by strong demand for MRO services.
Headline financials
Revenue & EPS history
AerSale · Revenue · Quarterly
$90.5M
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 anticipates continued strong commercial demand due to a favorable operating environment and is actively acquiring feedstock to support future sales. The company has acquired $30.6 million of feedstock year-to-date and has letters of intent on an additional $51.7 million of inventory expected during the year.
Tailwinds
- Commercial demand is expected to remain strong.
- Company acquired $30.6 million of feedstock year-to-date.
- Letters of intent on an additional $51.7 million of inventory expected during the year.
- MRO facilities are benefiting from robust demand as airlines are operating at elevated capacity levels.
- Positioned in the market to drive returns from available aircraft due to purpose-built end-to-end solution.
Headwinds
- Feedstock availability remains pressured due to OEM delivery issues.
- Cash used in operating activities was $21.5 million, mainly due to continued investment in inventory.
- Revenues are likely to fluctuate from quarter-to-quarter and year-to-year based on flight equipment sales.
- Company recognized a mark-to-market adjustment benefit of $2.0 million related to the private warrant liability.
- Company incurred $0.8 million of stock-based compensation expenses within payroll expenses, and $0.5 million in facility relocation costs
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 2024
-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 | -10.6% | -11.7% | — | |
| 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 2018 | +0.2% | +0.0% | -1.0% | |
| Q4 2019 | +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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