StandardAero, Inc. ( (SARO) ) has released its Q3 earnings. Here is a breakdown of the information StandardAero, Inc. presented to its investors.
StandardAero, Inc., a leading provider of aerospace engine aftermarket services, specializes in maintenance, repair, overhaul, and component repair services for fixed and rotary wing aircraft across commercial, military, and business aviation sectors.
In its third quarter of 2024, StandardAero reported a notable increase in revenue, driven by strong execution and demand across its commercial aerospace and business aviation markets. The company announced a successful initial public offering (IPO) that significantly de-leveraged its balance sheet.
The company’s revenue grew by 13.2% year-over-year to $1,244.6 million, with net income rising to $16.4 million from a loss in the previous year. Adjusted EBITDA also saw a significant increase of 26% to $168.4 million, reflecting strong growth in commercial aerospace and business aviation segments. StandardAero’s acquisition of Aero Turbine Inc. has further expanded its component repair capabilities.
Post-quarter, the company completed a $1.7 billion IPO, using proceeds to repay debt and improve liquidity. A refinancing of its capital structure is expected to save over $130 million in annual interest expenses.
Looking ahead, StandardAero is poised to continue its growth trajectory, leveraging its leadership in the aerospace engine aftermarket and strengthened financial position to pursue strategic initiatives and create value for stakeholders.
