NASDAQ$ASLE
AerSale Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
AerSale's Q3 2023 earnings were released, revealing a significant increase in revenue driven by flight equipment sales, though the company still reported a net loss.
AerSale Corporation reported a revenue increase to $92.5 million compared to $51.0 million in the prior year period, driven by flight equipment sales. However, the company experienced a GAAP net loss of $0.1 million, although this was an improvement from the $9.0 million loss in the prior year. Adjusted net income was $0.9 million, compared to an adjusted net loss of $1.9 million in the prior year.
- Revenue increased to $92.5 million from $51.0 million year-over-year.
- GAAP net loss improved to $0.1 million from $9.0 million year-over-year.
- Adjusted net income reached $0.9 million, compared to an adjusted net loss of $1.9 million year-over-year.
- Asset Management Solutions revenue more than tripled due to flight equipment sales.
Headline financials
Revenue & EPS history
AerSale · Revenue · Quarterly
$92.5M
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 updated its 2023 guidance, expecting revenue in the range of $400 to $420 million and adjusted EBITDA in the range of $40 to $45 million.
Tailwinds
- The freight market is expected to recover.
- USM availability is expected to increase.
- Flight equipment sales are scheduled to close by the end of the year.
- AerAware is in its final stages of FAA approval.
- AerSale's purpose-built model and execution capabilities will enable them to drive and generate value for all stakeholders.
Headwinds
- Softer demand in the freight market is expected to spread out the sales cycle of P2F converted Boeing 757 aircraft.
- Continued supply chain issues have delayed the availability of USM and flight equipment available for sale or lease.
- Flight equipment sales that are scheduled to close by the end of the year could shift into the first quarter of 2024 due to the volume of transactions and tight time frame to close.
- The company's Q3 results were below internal projections as several flight equipment sales shifted into the fourth quarter, including the sale of a P2F converted Boeing 757 aircraft.
- Weaker freight market has prolonged the sales cycle of remaining P2F converted Boeing 757s
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-4.0%
Avg return
Earnings day
-3.0%
Avg return
5 days after
-2.1%
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% | -13.5% | |
| 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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