StandardAero reported a net profit of $62.9 million during the first quarter of the year, increasing $59.8 million compared to a year prior. Additionally, revenues increased 16.2% to $1.4bn in the quarter.
“Our results reflect the robust demand environment in the aerospace engine aftermarket and our team's ability to execute in a dynamic environment,” said StandardAero chairman and CEO Russell Ford. “We made good progress with our LEAP industrialisation efforts while signing multiple new customer engagements as this important engine programme continues to ramp.”
The company's adjusted EBITDA increased 19.7% to $198.2 million during the first quarter, reflecting revenue growth in both its engine services and component repair services segments.
Engine services segment revenue increased 15.6% to $1.3bn for the quarter, with its adjusted EBITDA up 16% to $173 million. The company's component repair services segment revenues were up 20.9% to $167.3 million, while adjusted EBITDA totalled $11.6 million, up 32.4% compared to last year.
On the back of the strong results, StandardAero raised its full year guidance.
"As we move through 2025, we are off to a strong start, with robust demand across our engine services and component repair services businesses," Ford said. “Both segments are experiencing double-digit growth, driven by our pure-play engine aftermarket model and a positive demand outlook, particularly within the commercial aerospace aftermarket.”
The company now expects an adjusted EBITDA of $775-795 million, up from its previous guidance of $770-790 million. Additionally, its engine services segment now expects revenues of $5.11-5.24bn, up from $5.09-5.21bn. The company also guided a free cash of flow around $155 to $175 million.
As of the end of the quarter, the company's net debt was $2.2bn. Net debt to EBITDA was 3.1x.