ASLE Research | Milton Maxwell

ASLE

AerSale Corporation

6.94

-0.01-0.14%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Feedstock caution, GTF tailwind extends

3/4/26Mar 4, 2026

Q&A revealed tighter feedstock discipline, with buys expected below last year's $100 million amid hypercompetition and sub-10% win rates, but $364 million inventory—including $150 million USM-ready—covers growth. GTF storage drags into 2027, teeing up heavy checks on 70-80 parked A320Neos. AerSafe peaks this year on FQISAD backlog exceeding 2025 full sales, offset by new airline-driven engineered products and AerAware expansions. They'll buy less, stock lasts. Management squarely addressed inventory monetization and post-tailwind sustainability, tone firmly optimistic on MRO ramps and leasing.

Key Stats

Market Cap

327.46M

P/E (TTM)

63.09

Basic EPS (TTM)

0.11

Dividend Yield

Recent Filings

10-K

FY2025 results

3/10/26Mar 10, 2026

AerSale's FY2025 revenue dipped 2.8% to $335M versus 2024, with Asset Management Solutions off 1.8% to $212M on lower aircraft sales yet buoyed by engine USM and leasing gains, while TechOps fell 4.5% to $124M from heavy MRO completion but margins soared to 25.6% on component and Engineered Solutions strength. Gross profit edged up 1.8% to $106M, operations hit $16M amid SG&A cuts, powering $9M net income. Q4 momentum shone in TechOps product sales up sharply y/y, margins expanding, sequential MRO recovery. $4M cash, $110M revolver debt with $67M availability; Q1 buyback of 6M shares for $45M. No annual guidance disclosed. Supply chain disruptions threaten quarterly momentum.

8-K

Q4 profit doubles, EBITDA up

3/5/26Mar 5, 2026

AerSale reported Q4 revenue down 4.0% to $90.9M from flight equipment sales timing, yet GAAP net income doubled to $5.4M and Adjusted EBITDA rose 17.1% to $15.2M on MRO gains and cost cuts. Full-year revenue dipped 2.8% to $335.3M, but Adjusted EBITDA surged 38.2% to $46.1M as recurring USM and leasing grew 18.7%. Volatility persists from equipment sales.

8-K

Warehouse fire, no major hit

12/5/25Dec 5, 2025

AerSale's Roswell, New Mexico warehouse burned down on December 4, 2025. No injuries reported; cause under investigation. Management assesses minimal business impact. Key assets and operations sit elsewhere.

10-Q

Q3 FY2025 results

11/7/25Nov 7, 2025

AerSale's Q3 revenue dipped 13.9% y/y to $71.2M (derived), yet gross profit held at 30.2% while operating income rose 44% y/y to $2.9M (derived) on TechOps efficiencies lifting margins to 25.3%. Leasing grew 36% y/y to $9.4M, but softer engine sales dragged Asset Management. Cash sits at $5.3M with $53.6M revolver availability despite $126M debt; operations burned $34.3M on inventory builds. Shares repurchased for $45M. TechOps turned profitable.

8-K

Q3 revenue dips, EBITDA rises

11/6/25Nov 6, 2025

AerSale reported Q3 2025 revenue of $71.2 million, down from $82.7 million due to no aircraft or engine sales versus five engines last year, yet Adjusted EBITDA climbed to $9.5 million from $8.2 million on leasing gains and cost cuts. Excluding prior-year sales, revenue surged 18.5%. Lease pool expands steadily. Volatility persists from lumpy asset sales.

About

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, government and defense contractors, and maintenance, repair, and overhaul service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps). The Asset Management Solutions segment engages in the sale and lease of aircraft, engines, and airframes, as well as disassembly of these assets for component parts. The TechOps segment provides internal and third-party aviation services, including internally developed engineered solutions, heavy aircraft maintenance and modification, and component MRO, as well as end-of-life disassembly services. This segment provides aircraft modifications, cargo and tanker conversions of aircraft, and aircraft storage; and MRO services for landing gear, thrust reversers, hydraulic systems, and other aircraft components. The company was founded in 2008 and is headquartered in Doral, Florida.

CEO

Mr. Nicolas Finazzo

IPO

2/28/2019

Website

https://www.aersale.com

Employees

636

Sector

Industrials

Industry

Airports & Air Services