Significant Increase in Revenue
Second quarter revenue increased to $107.4 million from $77.1 million in the prior year, indicating strong sales growth.
Substantial Growth in Adjusted EBITDA
Adjusted EBITDA improved to $18.3 million compared to $3.2 million in the prior year, reflecting stronger execution and increased sales volume.
Asset Management Segment Growth
Sales in the Asset Management segment increased to $76.3 million from $41.8 million last year, driven by higher flight equipment sales and USM parts sales.
Improved Gross Margin
Gross margin improved to 32.9% from 28.2% in the prior year, reflecting improved USM sales and operational efficiency gains.
Expansion of Lease Pool
The lease pool expanded, contributing to recurring revenue and supporting strategic growth objectives.
Completion of MRO Expansion Projects
Construction at aerostructures facility completed, with new revenue expected from expanded MRO capabilities.
AerSafe Backlog and Growth Prospects
AerSafe backlog stood at $12.9 million, with orders expected to rise towards a 2026 compliance deadline.