AerSale reports Q1 adjusted EPS (5c) vs 7c last year

Reports Q1 revenue $65.8M vs $90.5M last year. Nick Finazzo, AerSale’s (ASLE) Chief Executive Officer, commented, “While we anticipated we would close on the sale of more engines in the first quarter, those sales closed shortly after the quarter ended and we remain confident we will see significantly greater engine sales throughout the year. Further, our core business demonstrated strong fundamentals with 23.4% revenue growth excluding flight equipment sales of aircraft or engines. We continue to benefit from strong commercial demand for USM parts, MRO services and an expanding lease pool. We believe we are also supported by ample ready-to-sell inventory to drive results through 2025 and into 2026”.