StandardAero Q4 revenue up 21.8% to $1.4 billion; initiates 2025 outlook
StandardAero reported fourth-quarter and full-year 2024 results, with revenue up 21.8% in the quarter and 14.8% for the year. Full-year net income was $11.0 million, compared with a net loss of $35.1 million in 2023, although the fourth-quarter net loss widened to $14.1 million from $4.6 million a year earlier. The company also initiated 2025 guidance calling for revenue of $5.8 billion to $5.95 billion and Adjusted EBITDA of $770 million to $790 million.
- Q4 2024 revenue was $1,409.6 million, up 21.8% from $1,157.8 million; Q4 net loss was $14.1 million versus $4.6 million a year earlier.
- Full-year 2024 net income was $11.0 million versus a net loss of $35.1 million in 2023; full-year Adjusted EBITDA was $690.5 million, up 23.1%.
- 2025 guidance: revenue of $5.8 billion to $5.95 billion, Adjusted EBITDA of $770 million to $790 million, and free cash flow of $155 million to $175 million.
- IPO completed October 2, 2024 at $24.00 per share; net primary proceeds of $1.2 billion were used to pay down debt.