Earnings summaries and quarterly performance for StandardAero.
Executive leadership at StandardAero.
Russell Ford
Chief Executive Officer
Alexander Trapp
Chief Strategy Officer
Anthony Brancato
President, Engine Services - Business Aviation
Daniel Satterfield
Chief Financial Officer
Gregory Krekeler
President, Component Repair Services
Kimberly Ernzen
Chief Operating Officer
Lewis Prebble
President, Engine Services - Airlines & Fleets
Malisa Chambliss
Chief Human Resources Officer
Marc Drobny
President, Engine Services - Military, Helicopters & Energy
Steve Sinquefield
Chief Legal Officer
Board of directors at StandardAero.
Research analysts who have asked questions during StandardAero earnings calls.
Seth Seifman
JPMorgan Chase & Co.
4 questions for SARO
Gavin Parsons
UBS Group AG
3 questions for SARO
Krista Friesen
CIBC
3 questions for SARO
Sheila Kahyaoglu
Jefferies
3 questions for SARO
Douglas Harned
Sanford C. Bernstein & Co., LLC
2 questions for SARO
Kenneth Herbert
RBC Capital Markets
2 questions for SARO
Myles Walton
Wolfe Research, LLC
2 questions for SARO
Gregory Dahlberg
Wolfe Research, LLC
1 question for SARO
Jordan Lyonnais
Bank of America
1 question for SARO
Kristine Liwag
Morgan Stanley
1 question for SARO
Ronald Epstein
Bank of America
1 question for SARO
Recent press releases and 8-K filings for SARO.
- On January 29, 2026, StandardAero, Inc. completed an underwritten public offering of 57,500,000 shares of its common stock by selling stockholders at a price of $31.00 per share. The company did not receive any proceeds from this sale.
- Concurrently on January 29, 2026, the company repurchased 1,637,465 shares of its common stock from a GIC-affiliated selling stockholder at $30.535 per share, pursuant to an existing stock repurchase program.
- StandardAero announced the pricing of a secondary offering of 50,000,000 shares of common stock by affiliates of The Carlyle Group Inc. and GIC at $31.00 per share.
- The Selling Stockholders will receive all net proceeds from this offering, with no shares being sold by StandardAero.
- Concurrently, StandardAero will repurchase $50 million of its Common Stock from a Selling Stockholder at the offering price, a move approved by its board in December 2025.
- Both the offering and the share repurchase are expected to close on January 29, 2026.
- StandardAero announced a secondary offering of 50,000,000 shares of common stock by affiliates of The Carlyle Group Inc. and GIC.
- The Selling Stockholders will receive all proceeds from this offering, and StandardAero will not receive any proceeds.
- Concurrently with the offering, StandardAero plans to repurchase $50 million of its common stock from a Selling Stockholder in a private transaction, under its existing stock repurchase program approved in December 2025.
- StandardAero announced unaudited preliminary estimated results for the year ended December 31, 2025, noting that these results are subject to revision.
- Revenue for FY 2025 is expected to be between $6,053.0 million and $6,083.0 million, representing an increase of 15.6% to 16.1% compared to the prior year's $5,237.2 million.
- Net Income is estimated to be between $270.0 million and $280.0 million for FY 2025, a significant increase from $11.0 million in the prior year.
- Adjusted EBITDA is projected to be between $806.0 million and $812.0 million, an increase of 16.7% to 17.6% over the prior year's $690.5 million.
- Cash Flow from Operations is expected to be between $310.0 million and $320.0 million, and Free Cash Flow between $200.0 million and $210.0 million for FY 2025.
- StandardAero, Inc. announced unaudited preliminary estimated results for the year ended December 31, 2025, noting that these figures are subject to revision.
- The company expects revenue to be between $6,053.0 million and $6,083.0 million, net income between $270.0 million and $280.0 million, and Adjusted EBITDA between $806.0 million and $812.0 million for the full year 2025.
- Cash Flow from Operations is estimated to be between $310.0 million and $320.0 million, and Free Cash Flow between $200.0 million and $210.0 million for the year ended December 31, 2025.
- StandardAero, the world's largest independent service provider for jet engines, anticipates low double-digit growth in commercial and business aviation and high single-digit growth in military and helicopter segments.
- The company expects Engine Services margins to bottom in 2025 and improve annually by 50-70 basis points going forward, with the LEAP and CFM56 Dallas shops reaching break-even in early 2026.
- The Component Repair Services segment, which saw almost 400 basis points of margin improvement this year (2025), is expected to continue steady margin improvement, with current margins in the high 20s to 30% range.
- StandardAero's board authorized a $450 million share repurchase, and the company expects to be an 80%-100% free cash flow generating business by 2028 or beyond.
- The primary risk is material supply, which is being mitigated by significant investment in the component repair business (now approaching $750 million) and an asset management program for Used Serviceable Material.
- StandardAero, the largest independent jet engine service provider, reports that all its end markets (commercial, business aviation, military, helicopter) are currently experiencing growth, with low double-digit growth in commercial and business aviation, and high single-digit growth in military and helicopter.
- The company anticipates margin improvement in its Engine Services segment from 2025 onwards, driven by the LEAP and CFM56 Dallas programs reaching break-even in early 2026 and the removal of $350 million in low-margin pass-through revenue. Its Component Repair Services segment, which boasts 30% EBITDA margins, saw 400 basis points of improvement this year and expects steady future improvement.
- StandardAero's board authorized a $450 million share repurchase and projects the company to become an 80%-100% free cash flow generating business from 2028 or beyond, following the ramp-up of current programs.
- The company emphasizes significant barriers to entry in its industry, including extensive regulatory and OEM authorizations, a licensed workforce, and the necessity for expensive, specialized test cells, of which StandardAero operates more than 50.
- StandardAero is the world's largest independent service provider for jet engines, operating for 115 years, with a diversified structure across commercial, military, business jet, and helicopter engine services to hedge against cyclicality.
- The company benefits from significant barriers to entry, including long-standing OEM relationships, intellectual property protection, and a highly experienced workforce with an average tenure of 20 years for mechanics.
- Engine Services currently operates at mid-teens margins, but expects margin improvement from a 2025 bottom, with historical annual improvements of 50-70 basis points. This is driven by the learning curve on LEAP and CFM56 programs, which are expected to break even in early 2026.
- The Component Repair Services (CRS) segment boasts 30% EBITDA margins and is experiencing double-digit growth, serving as a key strategy to mitigate supply chain risks by restoring used parts.
- While recent heavy investments in programs like LEAP and CFM56 have impacted cash flow, the company expects cash flow generation to normalize in the coming year, leveraging its balance sheet capacity for long-term revenue streams.
- StandardAero announced its Board of Directors has authorized a stock repurchase program, effective immediately, to repurchase up to $450 million of its common stock.
- Russell Ford, Chairman and CEO, stated that the program provides another tool for capital allocation to enhance long-term stockholder value and reflects confidence in the business's future.
- Repurchases may be conducted in the open market, privately negotiated transactions, or other means, and the program is discretionary, not obligating the company to acquire any specific amount of common stock.
- StandardAero reported Q3 2025 revenue of $1.5 billion, a 20% year-over-year increase, and adjusted EBITDA of $196 million, up 16% year over year. The company also raised its full-year 2025 guidance, now expecting total revenue between $5.97 billion and $6.03 billion and adjusted EBITDA between $795 million and $815 million.
- Free cash flow for Q3 2025 was a $4 million use, primarily due to a $108 million increase in working capital from constrained parts. However, management expects a significant unwind in Q4, leading to a raised full-year 2025 free cash flow guidance to a range of $170 million to $190 million.
- The company has made progress renegotiating several long-term contracts, expecting to eliminate approximately $300-$400 million of low-margin material pass-through revenue in 2026, which will result in higher reported margins and improved working capital efficiency and free cash flow conversion.
- Strategic growth initiatives continue, with nearly 50 LEAP engine inductions by the end of Q3 2025 and expectations for over 60 by year-end, with LEAP revenues alone projected to reach $1 billion annually in the next few years. The company is also expanding its MRO facility in Winnipeg by 70,000 sq ft for CF-34 and CFM56 programs.
Quarterly earnings call transcripts for StandardAero.
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