Wall Street expects a year-over-year decline in earnings on higher revenues when AerSale Corporation (ASLE) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 8. ...

Moog (MOG.A) came out with quarterly earnings of $2.19 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.82%. A quarter ago, it was expected that this aerospace contractor would post earnings of $1.47 per share when it actually produced earnings of $1.53, delivering a surprise of 4.08%.Over the last four quarters, the compan ...

AerSale (ASLE) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower after a recent earnings miss.  The company is a aerospace market and that space has seen a lot of difficulties thanks to other aerospace manufacturers and their suppliers . This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.DescriptionAerSale Corp. provides an integrated, diversified aviation aftermarket products and services for aircraft owners and operators to realiz ...

AerSale (NASDAQ:ASLE) stock is down on Friday after releasing its earnings report for the fourth quarter of 2023.The bad news for ASLE stockholders starts with the aftermarket commercial aircraft seller’s adjusted earnings per share of -2 cents during the quarter. That’s well below the 45 cents per share that Wall Street was expecting. It’s also a negative switch over the 23 cents per share reported in the same period of the year prior.AerSales also reported revenue of $94.4 million during the fourth quarte ...

AerSale Corporation (NASDAQ:ASLE) Q4 2023 Earnings Conference Call March 7, 2024 4:30 PM ET Company Participants Kristen Gallagher - Human Resources Director Nicolas Finazzo - Chairman and Chief Executive Officer Martin Garmendia - Chief Financial Officer Conference Call Participants Bert Subin - Stifel Gautam Khanna - TD Cowen Kenneth Herbert - RBC Capital Markets Sam Struhsaker - Truist Securities Operator Good day and welcome to AerSale, Inc.'s Fourth Quarter and Full Year 2023 Earnings Conference Call. ...

AerSale Corporation (ASLE) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.45. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -104.44%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.03, delivering a surprise of -85.71%.Over the last four quarters, the company has not ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38801 AerSale Corporation (Exact name of Registrant as specified in its Charter) (I.R.S.Employer IdentificationNo.) ...

Financial Performance - Full year 2023 revenue was $334.5 million, a decrease of 18.1% from $408.5 million in 2022[12] - GAAP net loss for 2023 was $5.6 million compared to a net income of $43.9 million in 2022[15] - Adjusted EBITDA for 2023 was $12.3 million, or 3.6% of sales, down from $87.4 million, or 21.4% of sales in 2022[15] - Fourth quarter 2023 revenue was $94.4 million, including $47.4 million from flight equipment sales, compared to $95.1 million in Q4 2022[7] - Total revenue for Q4 2023 was $94,422 thousand, a slight decrease of 0.7% from $95,131 thousand in Q4 2022[25] - Gross profit decreased to $24,416 thousand in Q4 2023, down 28.5% from $34,222 thousand in Q4 2022[25] - Net loss for Q4 2023 was $2,732 thousand compared to a net income of $9,193 thousand in Q4 2022[25] - Basic earnings per share for Q4 2023 was $(0.05), a decline from $0.18 in Q4 2022[25] - The company reported a net loss of $5,563,000 for the year ended December 31, 2023, compared to a net income of $43,861,000 for the previous year[29] - Adjusted EBITDA for the twelve months ended December 31, 2023, was $12,279,000, representing 3.6% of total revenue, down from $87,436,000 or 21.4% in the previous year[32] - The company reported a basic loss per share of $(0.11) for the twelve months ended December 31, 2023, compared to earnings of $0.85 in the previous year[32] Revenue Sources - Asset Management revenue for 2023 was $215.2 million, down 22.5% from $277.6 million in 2022[13] - Technical Operations revenue increased by 10.0% year-over-year in Q4 2023, reaching $29.8 million[8] - The company reported a total cost of sales of $70,006 thousand in Q4 2023, an increase of 15.0% from $60,909 thousand in Q4 2022[25] Cash Flow and Assets - Cash used in operating activities was $174,150,000 for the year ended December 31, 2023, a significant increase from $113,000 in the prior year[29] - The company experienced a decrease in cash and cash equivalents, ending the period with $5,873,000 compared to $147,188,000 at the beginning of the period[29] - Total current assets decreased to $264,774 thousand as of December 31, 2023, down from $333,556 thousand as of December 31, 2022[27] - Total liabilities increased to $108,923 thousand as of December 31, 2023, compared to $86,599 thousand as of December 31, 2022[27] - Accounts receivable increased to $31,239 thousand as of December 31, 2023, up from $28,273 thousand as of December 31, 2022[27] - The company had a significant increase in accounts payable, which rose to $8,768,000 from $1,164,000 in the previous year[29] Operational Developments - AerAware™ received FAA certification, marking a significant advancement in flight safety technology[3] - The company anticipates delayed flight equipment sales to occur in the first half of 2024, which will positively impact future performance[2] - AerSale has ceased providing numerical full-year guidance due to the volatility in flight equipment sales but maintains a positive outlook for 2024[17] - AerSale anticipates closing remaining flight equipment sales in 2024, indicating a positive outlook for future revenue generation[33] - The company expects increased demand for Used Serviceable Material (USM) parts, positioning itself favorably within the market[33] - AerSale projects enhanced operating capacity at its MRO facilities, particularly at the Goodyear, Arizona location, which is expected to increase third-party work and revenue[33] - The company believes that the AerAware™ technology will see broad adoption and significantly contribute to long-term performance[33] - The company is focused on integrated aftermarket services, including Aircraft & Component MRO and Engineered Solutions, to enhance operational efficiency for clients[35] Market Outlook - AerSale expresses a bullish outlook for 2024 and beyond, driven by an improving commercial aerospace market[33]

George Pachantouris/Moment via Getty ImagesSynopsis With its shares trading near all-time lows, I believe AerSale Corporation (NASDAQ:ASLE) ('ASLE' or the 'Company') is one of the most asymmetric investment opportunities I have seen in recent years, offering >100% near-term potential upside and significant downside protection. At the current depressed share price, investors are getting the core business at a discount + the massive upside optionality of AerAware. Due to its highly accretive unit economic ...

AerSale Corporation (NASDAQ:ASLE) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Jackie Carlon - Vice President of Marketing and Communications Nicolas Finazzo - Chairman and Chief Executive Officer Martin Garmendia - Chief Financial Officer Conference Call Participants Bert Subin - Stifel Kenneth Herbert - RBC Capital Markets Michael Ciarmoli - Truist Jack Ayers - TD Cowen Operator Good day, and welcome to the AerSale, Inc. Third Quarter 2023 Earnings Conference Call. All ...