Profile
Sector:
IndustrialsIndustry:
Aerospace & DefenseCountry:
United StatesIPO:
Website:
http://www.standardaero.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
regular market | Tue, 19 Nov 2024 21:00:02 GMTDividend
Analysts recommendations
Institutional Ownership
Included in screeners
SARO Latest News
OTTAWA, Ontario, Nov. 20, 2024 (GLOBE NEWSWIRE) -- CCC is pleased to announce that it was awarded an indefinite delivery/indefinite quantity (IDIQ) contract worth over $80 million from the United States Department of Defense (U.S. DoD) for engine repair services by StandardAero. Under CCC's contract, StandardAero will repair 501-K34 Turbine Engines used by the U.S. Navy surface fleet. The 501-K34 is used in a variety of ships for power generation and mechanical drive applications.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (NYSE: SARO) will report its third quarter 2024 earnings results after the market closes on Wednesday, November 13, 2024. 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 post.
StandardAero's IPO saw shares surge 36%, leading to a high valuation of around 40 times earnings, making the stock unattractive to me at current levels. The company, a leading provider of aerospace engine aftermarket services, has shown strong revenue growth but commands high valuations, while it carries some debt. Despite solid financial performance, the high valuation and risks such as oil prices, labor market, and competition make the stock a risky investment.
What type of business is StandardAero?
StandardAero, Inc. provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets. The Component Repair Services segment offers engine component and accessory repairs to the commercial aerospace, military and helicopter, land and marine, and oil and gas end markets. The company was formerly known as Dynasty Parent Co., Inc. and changed its name to StandardAero, Inc. in 2024. StandardAero, Inc. was founded in 1911 and is headquartered in Scottsdale, Arizona.
What sector is StandardAero in?
StandardAero is in the Industrials sector
What industry is StandardAero in?
StandardAero is in the Aerospace & Defense industry
What country is StandardAero from?
StandardAero is headquartered in United States
What is StandardAero website?
https://www.standardaero.com
Is StandardAero in the S&P 500?
No, StandardAero is not included in the S&P 500 index
Is StandardAero in the NASDAQ 100?
No, StandardAero is not included in the NASDAQ 100 index
Is StandardAero in the Dow Jones?
No, StandardAero is not included in the Dow Jones index
When was StandardAero the previous earnings report?
No data
When does StandardAero earnings report?
Next earnings report date is not announced yet