ASLE Earnings Prediction
The chart below shows how ASLE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASLE sees a +3.04% change in stock price 10 days leading up to the earnings, and a -5.36% change 10 days following the report. On the earnings day itself, the stock moves by -0.50%. This data can give you a slight idea of what to expect for the next quarter's release.
ASLE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
82.68M
-10.60%
7.24%
Gross Margin
28.63%
12.81%
1.63%
Operating Margin
2.41%
215.31%
-200.42%
Net Margin
0.62%
487.50%
-113.14%
EPS
0.01
--
-114.29%
No Data Available
ASLE Earnings Analysis
AerSale Corporation Common Stock Corporation (ASLE.O) Earnings Conference Call
Positive
Third Quarter Revenue Decline: Third quarter revenue of $82.7 million, which included $22.6 million in flight equipment sales, compared to $92.5 million in the prior year.
EBITDA Improvement Analysis: Adjusted EBITDA improved to $8.2 million compared to $1.9 million in 2023, driven by stronger gross margin and lower operating expense.
Segment Sales Increase: Segment sales were up 36.9% year-over-year, driven by better feedstock availability from the $139.9 million acquired in 2023 and the addition of four engines to our lease pool.
MRO Business Growth: Our MRO business continued to improve in the quarter and was the primary driver of an 18% growth year-over-year in the segment.
Strong Liquidity Position: We ended the quarter with a substantial balance sheet with $103.5 million of liquidity, consisting of $9.8 million in cash and available capacity of $93.7 million on our $180 million revolving credit facility.
Negative
Quarterly Revenue Decline: Third quarter revenue of $82.7 million trailed the prior year of $92.5 million as a result of lower flight equipment sales in the quarter, primarily related to the sale of a 757 freighter that occurred in 2023.
Flight Equipment Sales Decline: Flight equipment sales in the third quarter of 2024 were $22.6 million compared to $44.8 million in the prior year.
SG&A Expenses Overview: Third quarter selling, general and administrative expenses were $21.7 million in 2024, which included $1.2 million of non-cash equity-based compensation expenses.
Operational Income Improvement: Third quarter income from operations was $2 million compared to a loss from operations of $1.9 million in the third quarter of 2023.
Net Income Improvement: Net income was $0.5 million in the third quarter compared to a net loss of $0.1 million in the third quarter of 2023.
ASLE FAQs
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ASLE Earning Call Sentiment
AerSale Corporation (ASLE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ASLE.O
0.29%Positive
The earnings call presented mixed signals: improved EBITDA and margins are positive, but revenue decline and lack of clear guidance are concerns. Risks like competitive pressures and supply chain issues persist, while no new shareholder return plans were announced. The Q&A highlighted uncertainties in feedstock acquisition and AerAware onboarding, impacting sentiment. Given these factors, the stock price is likely to remain stable, suggesting a neutral outlook.
