ASLE - AerSale stock soars on Q4 earnings beat

AerSale (ASLE +6.9%) stock soared after the firm reported Q4 results that topped Street view. Q4 revenue more than doubled Y/Y to $116.78M, which includes flight equipment sales of $73.1M, while the prior year period did not include any flight equipment sales. Asset Management Solutions (NYSE:AMS) revenue grew by $76.2M to $93.6M in Q4 on account of flight equipment sales. Consumption of used serviceable material parts for maintenance strengthened through Q4 as airlines returned aircraft into operation amid an upswing in air travel. Q4 gross margin was 37.8% vs. 26.6% in year-ago period, due to a greater mix of high-margin flight equipment sales. "Our acquisition of the 757 fleet in 2020 has proven to be a strong contributor to consolidated results. This is supported by an improving commercial backdrop," said CEO Nicolas Finazzo. ASLE projects 2022 revenue of $420M-450M and adj. EBITDA of $80M-90M. Outlook is based on improvement in the AMS

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AerSale stock soars on Q4 earnings beat