AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) 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 storage and disassembly services. This segment also provides aircraft modifications, cargo/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 Coral Gables, Florida.
IPO Year: 2019
Exchange: NASDAQ
Website: aersale.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2023 | $20.00 → $15.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 12/2/2022 | $19.00 | Buy | Truist |
| 11/30/2022 | $21.00 | Outperform | RBC Capital Mkts |
| 9/1/2022 | $23.00 | Buy | Stifel |
Third Quarter 2024 Highlights Revenue of $82.7 million versus $92.5 million in the prior year period. GAAP net income of $0.5 million versus GAAP net loss of $0.1 million in the prior year period. Adjusted Net Income of $1.8 million versus Adjusted Net Income of $0.9 million in the prior year period. Adjusted EBITDA1 of $8.2 million versus $1.9 million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to seven engines and a passenger-to-freighter (P2F") converted Boeing 757 aircraft in the prior year period. Feedstock acquisitions of $42 million and additional $45 million under contract as of September 30, 2024. Flight Equipmen
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-800-225-9448, international callers may use 1-203-518-9708, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until February 7, 2025. Participants may access the repla
AerSale Corporation (NASDAQ:ASLE) (the "Company"), today announced that the Company's Chief Financial Officer, Martin Garmendia, will present at the Jefferies Industrials Conference on Thursday, September 5, 2024 at 1:55 pm ET, as well as host investor meetings on both days of the conference. The presentation will be webcast live and can be accessed through the link HERE or by going to the News and Events section of AerSale's Investor Relations website at https://ir.aersale.com/news-events/events. A replay will be available shortly after the conclusion of the presentation on AerSale's Investor Relations website at https://ir.aersale.com. About AerSale AerSale serves airlines operating
Second Quarter 2024 Highlights Revenue of $77.1 million versus $69.3 million in the prior year period. GAAP net loss of $3.6 million versus GAAP net loss of $2.7 million in the prior year period. Adjusted Net Loss of $2.6 million versus Adjusted Net Loss of $0.6 million in the prior year period. Adjusted EBITDA1 of $3.2 million versus $(0.5) million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to four engines and two unserviceable airframes in the prior year period. Feedstock acquisitions of $36 million and additional $71 million under contract as of June 30, 2024. Flight Equipment inventory of $378.8 million as of
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until November 7, 2024. Participants may access the replay a
112,000 sq. ft. on-airport hangar to facilitate additional commercial aircraft MRO activities Two narrow-body bays Located at Millington-Memphis Airport with an 8,000 ft. runway Strategically located close to AerSale's 320,000 sq. ft. parts distribution facility in Memphis, TN AerSale Corporation (NASDAQ:ASLE) (the "Company"), a leading provider of aviation products and services, proudly announces the opening of its newest location in Millington, Tennessee, with its first aircraft induction. This strategic expansion marks a significant milestone in AerSale's commitment to serving its customers and enhancing its MRO capabilities to better support the global commercial aviation i
First Quarter 2024 Highlights Revenue of $90.5 million versus $78.3 million in the prior year period. GAAP net income of $6.3 million versus $5 thousand in the prior year period. Adjusted Net Income1 of $5.5 million versus $3.3 million in the prior year period. Adjusted EBITDA1 of $9.0 million versus $5.0 million in the prior year period. Flight equipment sales consisted of one aircraft and four engines in the first quarter of 2024, compared to two aircraft and one engine in the prior year period. Feedstock acquisitions of $28.2 million and an additional $51.7 million under contract. Flight Equipment inventory of $350.1 million as of March 31, 2024. AerSale Corporati
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until July 8, 2024. Participants may access the replay at 1-844
AerSale Corporation (NASDAQ:ASLE) ("AerSale") announced a favorable recommendation by a U.S. Federal Magistrate Judge in AerSale's lawsuit with Jetaire Aerospace, LLC, Jetaire Flight Systems, LLC (collectively "Jetaire"), and Jetaire's owner Michael Williams, relating to AerSale's AerSafe products that provide a means for mitigating the risk of a catastrophic fuel tank explosion on certain commercial aircraft, including Boeing 737-300/400/500, 737-600/700/800, 757- 200/300, 767-200/300 and 777-200/300, and the Airbus A319/320/321 family of aircraft. On December 17, 2020, Jetaire Aerospace filed a lawsuit against AerSale, alleging that AerSafe products infringe three patents held by Jetair
2023 Full Year Highlights Revenue of $334.5 million GAAP net loss of $5.6 million Adjusted net income1 of $3.5 million Adjusted EBITDA1 of $12.3 million Flight equipment sales included four (4) aircraft and seventeen (17) engines during 2023 AerAware™ receives Supplemental Type Certificate from the Federal Aviation Administration; Company launches go-to-market activities Feedstock acquisitions of $131.9 million and an additional $72.0 million under contract Flight Equipment inventory available of $329.2 million which will fuel Asset Management Solutions activity in 2024 Technical Operations revenue up 11.3% (excluding flight equipment sales) showing underlying str
RBC Capital Mkts downgraded AerSale from Outperform to Sector Perform and set a new price target of $15.00 from $20.00 previously
Truist initiated coverage of AerSale with a rating of Buy and set a new price target of $19.00
RBC Capital Mkts initiated coverage of AerSale with a rating of Outperform and set a new price target of $21.00
Stifel initiated coverage of AerSale with a rating of Buy and set a new price target of $23.00
AerSale® Corporation (NASDAQ:ASLE) (the "Company"), a leading provider of aviation products and services, announced today that Robert "Bob" Nichols will be retiring from his role as Vice Chairman and President of Asset Management after fifteen years with AerSale, Inc. and many years of distinguished service within the aviation industry. Robert Nichols' retirement will take effect on December 31, 2023, but he will continue to serve the Company as a dedicated member of the Board of Directors. Nichols helped establish AerSale in 2008 and during his fifteen years with the Company he has played an instrumental role in the growth and success of the organization. His strategic vision, leadership
Andrew Levy, Founder, Chairman and CEO of Avelo Airlines, added to the Board of Directors. Existing Board Members Eric J. Zahler and Sai S. Devabhaktuni, have announced their retirement at the end of their current term. Michael Kirton will not seek reelection as Leonard Green & Partners ("Leonard Green") has reduced its ownership interest. AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that Andrew Levy, Founder, Chairman and CEO of Avelo Airlines was appointed to the Company's board of directors on April 15, 2023. Mr. Levy is the Founder, Chairman and CEO of Avelo Airlines. He brings three decades of corporate and entrepreneurial experience in the aviation and t
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10-Q - AerSale Corp (0001754170) (Filer)
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8-K - AerSale Corp (0001754170) (Filer)
10-Q - AerSale Corp (0001754170) (Filer)
8-K - AerSale Corp (0001754170) (Filer)
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Third Quarter 2024 Highlights Revenue of $82.7 million versus $92.5 million in the prior year period. GAAP net income of $0.5 million versus GAAP net loss of $0.1 million in the prior year period. Adjusted Net Income of $1.8 million versus Adjusted Net Income of $0.9 million in the prior year period. Adjusted EBITDA1 of $8.2 million versus $1.9 million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to seven engines and a passenger-to-freighter (P2F") converted Boeing 757 aircraft in the prior year period. Feedstock acquisitions of $42 million and additional $45 million under contract as of September 30, 2024. Flight Equipmen
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-800-225-9448, international callers may use 1-203-518-9708, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until February 7, 2025. Participants may access the repla
Second Quarter 2024 Highlights Revenue of $77.1 million versus $69.3 million in the prior year period. GAAP net loss of $3.6 million versus GAAP net loss of $2.7 million in the prior year period. Adjusted Net Loss of $2.6 million versus Adjusted Net Loss of $0.6 million in the prior year period. Adjusted EBITDA1 of $3.2 million versus $(0.5) million in the prior year period. Flight equipment sales consisted of five engines and no aircraft compared to four engines and two unserviceable airframes in the prior year period. Feedstock acquisitions of $36 million and additional $71 million under contract as of June 30, 2024. Flight Equipment inventory of $378.8 million as of
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until November 7, 2024. Participants may access the replay a
First Quarter 2024 Highlights Revenue of $90.5 million versus $78.3 million in the prior year period. GAAP net income of $6.3 million versus $5 thousand in the prior year period. Adjusted Net Income1 of $5.5 million versus $3.3 million in the prior year period. Adjusted EBITDA1 of $9.0 million versus $5.0 million in the prior year period. Flight equipment sales consisted of one aircraft and four engines in the first quarter of 2024, compared to two aircraft and one engine in the prior year period. Feedstock acquisitions of $28.2 million and an additional $51.7 million under contract. Flight Equipment inventory of $350.1 million as of March 31, 2024. AerSale Corporati
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the first quarter ended March 31, 2024, on Wednesday, May 8, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until July 8, 2024. Participants may access the replay at 1-844
2023 Full Year Highlights Revenue of $334.5 million GAAP net loss of $5.6 million Adjusted net income1 of $3.5 million Adjusted EBITDA1 of $12.3 million Flight equipment sales included four (4) aircraft and seventeen (17) engines during 2023 AerAware™ receives Supplemental Type Certificate from the Federal Aviation Administration; Company launches go-to-market activities Feedstock acquisitions of $131.9 million and an additional $72.0 million under contract Flight Equipment inventory available of $329.2 million which will fuel Asset Management Solutions activity in 2024 Technical Operations revenue up 11.3% (excluding flight equipment sales) showing underlying str
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the fourth quarter and full year ended December 31, 2023, on Thursday, March 7, 2024, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-407-3982, international callers may use 1-201-493-6780, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until March 21, 2024. Participants may acces
Third Quarter 2023 Highlights Revenue of $92.5 million versus $51.0 million in the prior year period. GAAP net loss of $0.1 million versus GAAP net loss of $9.0 million in the prior year period. Adjusted net income of $0.9 million versus adjusted net loss of $1.9 million in the prior year period. Adjusted EBITDA1 of $1.9 million versus $(0.5) million in the prior year period. Revenue and earnings benefited from the pacing of flight equipment sales. Flight equipment sales of $44.8 million consisting of seven engines and a passenger-to-freighter ("P2F") converted Boeing 757 aircraft, versus $2.7 million consisting of two engines in the prior period. 2023 guidance update:
AerSale Corporation (NASDAQ:ASLE) (the "Company") announced today that it will release its earnings results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results. Participants may access the call at 1-877-300-8521, international callers may use 1-412-317-6026, and request to join the AerSale Corporation earnings call. A live webcast will also be available at https://ir.aersale.com/news-events/events. A telephonic replay will be available shortly after the conclusion of the call and until November 22, 2023. Participants may access the r
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Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results. Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from Benzinga Pro. Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate. Du
U.S. stocks were mixed, with the Dow Jones gaining around 100 points on Thursday. Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) rose sharply during Thursday's session following upbeat earnings. Spectrum Brands posted adjusted earnings of $1.62 per share, beating expectations of 62 cents per share. The company's quarterly sales came in at $718.50 million versus estimates of $707.52 million, according to data from Benzinga Pro. Spectrum Brands shares surged 12.4% to $95.00 on Thursday. Here are some other big stocks recording gains in today's session. Sezzle Inc. (NASDAQ:SEZL) shares climbed 69.9% to $75.99 after the company reported a year-over-year increase in first-qu
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AerSale (NASDAQ:ASLE) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.04 by 175 percent. The company reported quarterly sales of $90.540 million which beat the analyst consensus estimate of $85.424 million by 5.99 percent. This is a 15.68 percent increase over sales of $78.271 million the same period last year.
Gainers Blue Bird (NASDAQ:BLBD) stock moved upwards by 18.0% to $44.3 during Wednesday's after-market session. The market value of their outstanding shares is at $1.4 billion. As per the news, the Q2 earnings report came out today. Graphex Gr (AMEX:GRFX) stock moved upwards by 7.69% to $0.42. The company's market cap stands at $18.8 million. AerSale (NASDAQ:ASLE) shares rose 6.35% to $8.03. The market value of their outstanding shares is at $425.6 million. As per the press release, Q1 earnings came out today. Lichen China (NASDAQ:LICN) shares increased by 4.99% to $0.94. The company's market cap stands at $25.8 million. Hyliion Holdings (NYSE:HYLN) stock rose 4.47% to $1.49. The company
Although U.S. stocks closed higher on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Cardlytics The Trade: Cardlytics, Inc. (NASDAQ:CDLX) 10% owner Clifford Sosin acquired a total of 661,715 shares an average p
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Herbalife The Trade: Herbalife Ltd. (NYSE:HLF) Director Rodica Macadrai acquired a total of 5,175 shares an average price
Truist Securities analyst Michael Ciarmoli maintains AerSale (NASDAQ:ASLE) with a Buy and lowers the price target from $19 to $12.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index remaining in the "Greed" zone on Friday. U.S. stocks closed lower on Friday, following the release of jobs data for the month of February. All three major indices closed the week lower, with the S&P 500 falling 0.26% and the blue-chip Dow declining 0.93%. Nonfarm payrolls beat economist estimates, coming at 275,000 in February compared to the expected 200,000. The unemployment rate rose from 3.7% to 3.9%, surprising estimates of 3.7%. Average hourly wages grew at a 0.1% monthly pace in February, easing from the downwardly revised 0.5% growth in January, and below the expected 0.3%. Shares o
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite dipping around 0.5% on Friday. The Dow traded up 0.27% to 38,894.21 while the NASDAQ fell 0.51% to 16,190.52. The S&P 500 also fell, dropping, 0.20% to 5,146.8. Check This Out: Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks With Over 5% Dividend Yields Leading and Lagging Sectors Real estate shares jumped by 0.9% on Friday. In trading on Friday, information technology shares fell by 1.8%. Top Headline Nonfarm payrolls beat economist estimates, coming at 275,000 in February compared to the expected 200,000. The unemployment rate rose from 3.7% to 3.9%, surprising estimates of 3