AerSale Corp (OQ:ASLE)
Business Focus: Aircraft Parts Manufacturing
| Sector: Industrials | Industry: Aerospace & Defense |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 255 Alhambra Circle, Suite 435 CORAL GABLES FL 33134 |
| Tel: | N/A |
| Website: | https://www.aersale.com |
| IR: | See website |
| Key People | ||
| Nicolas Finazzo Chairman of the Board, Chief Executive Officer, Division President - TechOps | Martin Garmendia Chief Financial Officer, Treasurer | Basil Barimo Division President - MRO Services |
| Iso Nezaj Division President - Engineered Solution | Craig Wright Division President - Aircraft and Engine Management | Gary Jones Chief Operating Officer, Division President - Airframe and Engine Materials |
| James A. Fry Executive Vice President, General Counsel, Corporate Secretary | Charles P. McDonald Chief Technical Officer, Division President - Heavy MRO Services | |
| Business Overview |
| AerSale Corporation is a provider of aftermarket commercial aircraft and engines (flight equipment) and their parts to airlines, leasing companies, manufacturers of original equipment, government and defense contractors, and repair and overhaul service providers. The Company's segments include Asset Management Solutions and Technical Operations (TechOps). Asset Management Solutions segment comprised of activities that extract value from strategic asset acquisitions either as whole assets or by disassembling for used serviceable material (USM). Its TechOps segment provides internal and third-party aviation services, including internally developed engineered solutions, full heavy aircraft maintenance and modification, component maintenance, repair, and overhaul (MRO), as well as end-of-life disassembly services. The TechOps segment also includes MRO services for landing gear, thrust reversers, hydraulic systems, and other aircraft components. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, AerSale Corp revenues decreased 18% to $334.5M. Net loss totaled $5.6M vs. income of $43.9M. Revenues reflect Asset Management Solutions segment decrease of 22% to $215.3M, Tech Ops segment decrease of 9% to $119.3M, Foreign segment decrease of 21% to $189.4M, Domestic segment decrease of 15% to $145.1M. Net loss reflects Selling/General/Admin Expense increase of 7% to $103.2M (expense). |
| Employees: | 707 as of Feb 7, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $365.99M as of Dec 31, 2023 |
| Annual revenue (TTM): | $334.50M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.31M as of Dec 31, 2023 |
| Net annual income (TTM): | -$5.56M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$185.51M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $31.69M as of Dec 31, 2023 |
| Shares outstanding: | 51,990,947 as of Mar 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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