AerSale Corporation (ASLE) Misses Q1 EPS by 10c; Offers FY23 Revenue Guidance
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AerSale Reports First Quarter 2023 Results
May 9, 2023 4:05 PM EDTFirst Quarter 2023 Highlights
Revenue and earnings reflect the pacing of flight equipment sales. Revenue of $78.3 million versus $122.8 million in the prior year period. GAAP net income of $5 thousand versus $17.2 million in the prior year period. Adjusted Net Income1 of $3.3 million versus $22.2 million in the prior year period. Adjusted EBITDA1 of $5.0 million versus $29.9 million in the prior year period. Flight equipment sales consisted of two aircraft, one airframe, and one engine. On track to convert 11 additional 757 aircraft to freighters by third parties. Eight converted aircraft are... More