Date | Price Target | Rating | Analyst |
---|---|---|---|
10/28/2024 | $38.00 | Sector Outperform | CIBC |
10/28/2024 | $39.00 | Outperform | Bernstein |
10/28/2024 | $36.00 | Overweight | JP Morgan |
10/28/2024 | $34.00 | Neutral | UBS |
10/28/2024 | $37.00 | Outperform | RBC Capital Mkts |
10/28/2024 | $33.00 | Equal-Weight | Morgan Stanley |
10/28/2024 | $38.00 | Buy | Jefferies |
10/28/2024 | $34.00 | Outperform | Wolfe Research |
10/28/2024 | $34.00 | Neutral | BofA Securities |
StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, has recently renewed its longstanding relationship with Thai low-cost airline Nok Airlines Public Company Limited ("Nok Air") through the provision of CFM International CFM56-7B turbofan engine maintenance, repair & overhaul (MRO) workscopes in support of the airline's fleet of Boeing 737-800 narrowbody aircraft. StandardAero, a CFM International authorized CFM56-7B MRO provider, has already inducted two Nok Air CFM56-7B engines at its facility in Winnipeg, MB. Nok Air, which is famous for the bright yellow beaks on its aircraft, operates fourteen Boeing 737-800s, which are used for flights ac
StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, is proud to announce its selection by SalamAir, Oman's low-cost carrier, to provide maintenance, repair & overhaul (MRO) support for the CFM International LEAP-1A turbofan engines powering its fleet of Airbus A320neo family narrowbody aircraft. StandardAero provides support for the next-generation CFM International LEAP-1A and LEAP-1B engine family from its 810,000 sq. ft. facility in San Antonio, TX, as a CFM LEAP Premier MRO provider, having signed the first non-airline CFM Branded Service Agreement (CBSA) in the Americas for the LEAP-1A and LEAP-1B in March 2023. Commenting on the announc
StandardAero, Inc. (NYSE:SARO) ("StandardAero" or the "Company") announced today the pricing of its underwritten public offering by two of its stockholders (the "Selling Stockholders"), affiliates of The Carlyle Group Inc. and GIC, of an aggregate of 30,000,000 shares of the Company's common stock, par value $0.01 per share ("Common Stock"), at a price to the public of $28.00 per share. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. The offering is expected to close on May 23, 2025, subject to the satisfaction of customary closing conditions. The Selling Stockholders granted the underwriters a 30-day option to purch
StandardAero, Inc. (NYSE:SARO) ("StandardAero" or the "Company") announced today that two of its stockholders (the "Selling Stockholders"), affiliates of The Carlyle Group Inc. and GIC, intend to offer for sale in an underwritten secondary offering an aggregate of 30,000,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), pursuant to the Company's shelf registration statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC"). The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. The Selling Stockholders expect to grant the underwriters a 30-day option to purchas
StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, including engine maintenance, repair and overhaul (MRO) and engine component repair, has recently expanded its CFM International LEAP-1A and LEAP-1B service offering to include lease engines. StandardAero has partnered with some of the world's leading engine leasing companies to support the needs of Airbus A320neo (LEAP-1A) and Boeing 737 MAX (LEAP-1B) customers worldwide. Engines have already been contracted and are available to support the global LEAP operator community through short-term leases, helping them avoid unwanted aircraft downtime and maximize asset utilization during LEAP MRO event
Strong Start to the Year, Executing on Priorities, therefore Raising FY 2025 Guidance StandardAero (NYSE:SARO) announced results today for the three months ended March 31, 2025 ("First Quarter 2025"). First Quarter 2025 Highlights Revenue increased 16.2% year-over-year to $1,435.6 million Net Income increased $59.8 million year-over-year to $62.9 million; Net Income margin was 4.4% Adjusted EBITDA increased 19.7% year-over-year to $198.2 million Adjusted EBITDA Margin was 13.8%, an increase of 40 basis points compared to the prior year's quarter Cash Flow from Operations improved $59.6 million year-over-year Free Cash Flow improved $37.6 million year-over-year Continued stro
StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, is pleased to announced that it has been selected by leading Southeast Asian airline Lion Air to provide maintenance, repair & overhaul (MRO) support for its CFM International CFM56-7B turbofan engines. Lion Air and its subsidiaries operate over 100 Boeing 737-800 and -900 narrowbody aircraft powered by the CFM56-7B turbofan. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250422819550/en/Lion Air, Indonesia's Largest Privately Run Airline, Selects StandardAero for CFM56-7B Engine Maintenance, Repair & Overhaul Support Under the new ag
StandardAero, Inc. (NYSE:SARO) will report its first quarter 2025 earnings results after the market closes on Monday, May 12, 2025. StandardAero will hold a conference call to discuss the results at 5:00 PM ET that day. A live webcast of the conference call will be made available on the Events section of StandardAero's investor relations website at https://ir.standardaero.com/news-events/events. The earnings release and presentation will also be posted to the investor relations website prior to the conference call. The conference call may also be accessed by dialing (877) 407-9762 or (201) 689-8538 for telephone access to the live call. Please click here for international toll-free access
StandardAero, Inc. (NYSE:SARO) ("StandardAero" or the "Company") announced today the pricing of its upsized underwritten public offering by two of its stockholders (the "Selling Stockholders"), affiliates of The Carlyle Group Inc. and GIC Private Limited, of an aggregate of 36,000,000 shares of the Company's common stock, par value $0.01 per share ("Common Stock"), at a price to the public of $28.00 per share. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. The offering is expected to close on March 27, 2025, subject to the satisfaction of customary closing conditions. The Selling Stockholders granted the underwriter
StandardAero, Inc. (NYSE:SARO) ("StandardAero" or the "Company") announced today that two of its stockholders (the "Selling Stockholders"), affiliates of The Carlyle Group Inc. and GIC Private Limited, intend to offer for sale in an underwritten secondary offering an aggregate of 30,000,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"). The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company. The Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an aggregate of 4,500,000 additional shares of Common Stock. J.P. Morgan, Morgan Stanley (in alphabetical