StandardAero, Inc.

NYSE:SAROUnited States

Nov 13, 2024

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• StandardAero Swings to Q3 Profit, Revenue Increases, from 4:21PM ET on Wednesday Nov 13, 2024 by MT Newswires

  4:21PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: SARO
  04:21 PM EST, 11/13/2024 (MT Newswires) -- StandardAero (SARO) reported Q3 earnings Wednesday of $0.06 per diluted share, compared with a per-share loss of $0.06 a year earlier. Analysts polled by Capital IQ expected earnings of $0.05 per share. Rev...

• -- Earnings Flash (SARO) STANDARDAERO Posts Q3 Revenue $1.25B, from 4:05PM ET on Wednesday Nov 13, 2024 by MT Newswires

  4:05PM ET on Wednesday Nov 13, 2024 by MT Newswires
  Companies Mentioned: SARO
  04:05 PM EST, 11/13/2024 (MT Newswires) -- ...

• Press Release: StandardAero Announces Third Quarter 2024 Earnings, from 4:05PM ET on Wednesday Nov 13, 2024 by Dow Jones

  4:05PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: SARO

• StandardAero Announces Third Quarter 2024 Earnings, from 4:05PM ET on Wednesday Nov 13, 2024 by Dow Jones

  4:05PM ET on Wednesday Nov 13, 2024 by Dow Jones
  Companies Mentioned: SARO
  EBITDA and Adjusted EBITDA Margin: Three Months Ended Nine Months Ended September 30, September 30, ------------------------ ------------------------ 2024 2023 2024 2023 -------- ---------- -------- ---------- (in millions, except percentages) Net income (loss) $ 16.4 $ (17.9) $ 25.0 $ (30.5) Income tax expense (benefit) 0.2 (12.6) 38.1 34.9 Interest expense 79.9 79.2 235.5 230.5 Depreciation and amortization 47.1 49.3 140.0 147.8 Loss on debt extinguishment and refinancing costs 1.5 26.1 10.0 26.1 Integration costs and severance (1) 0.3 1.5 0.9 2.6 Acquisition costs (2) 1.3 -- 1.3 1.5 Business transformation costs (LEAP and CFM) (3) 10.6 3.6 33.7 5.4 Other (4) 11.1 4.4 19.9 7.1 ------- --------- ------- --------- Adjusted EBITDA $ 168.4 $ 133.6 $ 504.4 $ 425.4 ======= ========= ======= ========= Revenue 1,244.6 1,099.5 3,827.5 3,405.5 Net income (loss) margin 1.3% (1.6)% 0.7% (0.5)% Adjusted EBITDA Margin 13.5% 12.2% 13.2% 12.5% ____________________ (1) Represents integration costs incurred, including any facility or platform consolidation associated with the integration of an acquisition that does not meet capitalization criteria and severance related to reduction in workforce or acquisitions. Examples of integration costs may include lease breakage or run-off fees, consulting costs, demolition costs or training costs. (2) Represents transaction costs incurred in connection with planned and completed acquisitions, including legal and professional fees, debt arrangement fees and other third-party costs. (3) Represents new product industrialization costs with the business transformation of the LEAP 1A/1B engine line in San Antonio, Texas and the expansion of our CFM56 capabilities into Dallas, Texas. (4) Represents other non-recurring costs including quarterly management fees payable to Carlyle Investment Management L.L.C. and Beamer Investment Inc. under consulting services agreements, representation and warranty insurance costs associated with acquisitions, and costs for professional services incurred as a result of our IPO readiness that are the result of other, non-comparable events to measure operating performance as these events arise outside of our ordinary course of continuing operations. Segment Results The following table presents revenue by segment, Segment Adjusted EBITDA and Segment Adjusted EBITDA Margin: Three Months Ended Nine Months Ended September 30, September 30, ----------------------- ------------------------ 2024 2023 2024 2023 -------- --------- -------- ---------- (in millions, except percentages) Engine Services Segment Revenue $1,090.3 $ 965.5 $3,399.1 $ 3,023.1 Segment Adjusted EBITDA $ 147.4 $ 122.5 $ 451.1 $ 391.8 Segment Adjusted EBITDA Margin 13.5% 12.7% 13.3% 13.0% Component Repair Services Segment Revenue $ 154.3 $ 133.9 $ 428.4 $ 382.4 Segment Adjusted EBITDA $ 40.8 $ 33.7 $ 111.1 $ 92.5 Segment Adjusted EBITDA Margin 26.4% 25.1% 25.9% 24.2%