Strong Revenue Growth
Revenue grew 16% year-over-year to $1.4 billion, with 14.4% organic growth. Adjusted EBITDA grew by 20% to $198 million.
Commercial Aerospace Performance
Commercial aerospace revenue grew 18% year-over-year, driven by strong demand and engine maintenance activity.
Business Aviation and Military Growth
Business Aviation Group increased 13% and military business grew 10% versus Q1 last year.
Component Repair Services Expansion
Component Repair Services revenue increased 21%, with a 32% growth in adjusted EBITDA and 240 basis points of margin expansion.
Increased 2025 Guidance
Revenue guidance increased to $5.825-$5.975 billion and adjusted EBITDA to $775-$795 million despite a $15 million tariff impact.
LEAP Program Progress
Secured additional regulatory approvals for LEAP engines and completed the first LEAP shop visit and delivery.
CF34 Platform Success
Record quarter on the CF34 platform following investment to expand the GE relationship.