AerSale Full Year 2024 Earnings: EPS Beats Expectations

AerSale (NASDAQ:ASLE) Full Year 2024 Results

Key Financial Results

• Revenue: US$345.1m (up 3.2% from FY 2023).
• Net income: US$5.85m (up from US$5.56m loss in FY 2023).
• Profit margin: 1.7% (up from net loss in FY 2023).
• EPS: US$0.11 (up from US$0.11 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AerSale EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%.

The primary driver behind last 12 months revenue was the Asset Management Solutions segment contributing a total revenue of US$215.5m (62% of total revenue). Notably, cost of sales worth US$241.1m amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$94.2m (96% of total expenses). Explore how ASLE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are up 18% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of AerSale's balance sheet and an in-depth analysis of the company's financial position.

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