NASDAQ$ASLE

AerSale Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

AerSale reported increased revenue and net income driven by strong AMS contributions and flight equipment sales.

AerSale Corporation reported a significant increase in revenue and net income for Q4 2021. Revenue reached $116.8 million, including $73.1 million from flight equipment sales, compared to $49.4 million in the prior-year period. GAAP net income was $11.2 million, up from $0.3 million in the prior year. The company's performance was driven by strong contributions from Asset Management Solutions (AMS) and a favorable sales mix.

  • Q4 2021 revenue increased to $116.8 million, including $73.1 million from flight equipment sales.
  • GAAP net income for Q4 2021 was $11.2 million, compared to $0.3 million in the prior-year period.
  • Adjusted Net Income for Q4 2021 was $22.3 million, compared to $0.2 million in the prior-year period.
  • Adjusted EBITDA for Q4 2021 was $28.6 million, compared to $3.0 million in the prior-year period.

Headline financials

Total Revenue

$117M

Previous: $49.4M+136.5%
EPS (adj)

$0.31

Previous: -$0.01+3200.0%
Capital Expenditures

$448K

Previous: $543K-17.5%
Free Cash Flow

$52.2M

Previous: -$12M+535.2%
Net Income

$11.2M

Previous: $600K+1764.2%
Operating Income

$19.8M

Previous: -$26K+76130.8%
Gross Profit

$44.2M

Previous: $13.1M+236.5%
Cash & Equivalents

$130M

Previous: $29.3M+344.1%
Total Assets

$487M

Previous: $389M+25.3%
Stock-Based Comp

$3.82M

Previous: $1.04M+266.6%

Revenue & EPS history

AerSale · Revenue · Quarterly

$117M

Q4 2021+136.5%vs Q4 2020
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

AerSale · $49.4M total across 2 segments · Q4 2020

  • Technical Operations
    $32M
  • Asset Management Solutions
    $17.4M-82.3%

Forward guidance

AerSale expects revenue between $420 - $450 million and adjusted EBITDA between $80 - $90 million in 2022.

Tailwinds

  • Improvement in the Company’s AMS segment
  • Ongoing demand for its on-airport MRO services
  • Accelerating demand in cargo and E-Commerce markets
  • Continued requests for passenger-to-freighter conversions
  • Continued requests for TechOps products and services

Headwinds

  • Recent geopolitical events related to the Russian invasion of Ukraine may impact the global commercial aerospace industry
  • Supply chain disruptions
  • Escalating sanctions
  • Impact on flight activity due to higher fuel prices
  • Labor constraints have impacted the timely completion of software validation needed for certification until the second quarter of 2022

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro