SARO · StandardAero, Inc.

StandardAero’s Q1 2026 results reflect robust top-line execution, with 13.3% year-over-year revenue growth driven by double-digit expansion across all three end markets: Business Aviation (+19.6%), Commercial Aerospace (+11.4%), and Military & Helicopter (+10.3%). This broad-based strength underscores the company’s diversified exposure and platform leadership, particularly on high-growth engine programs like LEAP and CFM56. Net income grew 27.0% to $79.9 million, outpacing revenue growth, while GAAP diluted EPS held steady at $0.24 — matching analyst consensus but not exceeding it. Adjusted EBITDA rose modestly to $203.2 million (+2.5% YoY), though margin contracted 130 bps to 12.5%, attributed explicitly to product mix shifts and the ongoing ramp of lower-margin LEAP and CFM56 DFW work. Segment-level performance diverged: Engine Services revenue grew 14.1% but its Adjusted EBITDA margin fell 140 bps to 12.3%, while Component Repair Services delivered stronger profitability — Adjusted EBITDA up 10.6% and margin up 90 bps to 29.2%, validating the strategic focus on higher-margin component repair. Management cited this segment’s success as evidence of the broader CRS strategy’s effectiveness. The announcement of the Unified Turbines acquisition directly extends that capability into hot-section repairs, enhancing vertical integration and cross-selling potential. Critically, StandardAero raised full-year 2026 guidance across all key metrics — including Revenue ($6.325–$6.45B), Adjusted EBITDA ($875–$905M), and Adjusted EPS ($1.40–$1.50) — signaling confidence in sustained momentum and operational execution. The $60.1 million share repurchase further reflects disciplined capital allocation. Collectively, these developments affirm StandardAero’s positioning as a resilient, growth-oriented aerospace MRO provider with improving scale, strategic focus, and financial flexibility.