StandardAero announced its fourth quarter and full fiscal year 2024 results on March 10, 2025. For Q4 2024, revenue increased 21.8% year-over-year to $1,409.6 million, driven by strong demand in commercial aerospace (+33%) and business aviation (+11%). Full year 2024 revenue grew 14.8% to $5,237.2 million.
Fourth quarter Adjusted EBITDA rose 37.2% to $186.2 million, with the margin expanding 150 basis points to 13.2%. Full year Adjusted EBITDA increased 23.1% to $690.5 million, and the margin expanded 90 basis points to 13.2%. Net loss for Q4 was $14.1 million, while full year net income was $11.0 million, an improvement from a $35.1 million net loss in the prior year.
The company's capital structure significantly improved following its October 2024 IPO and subsequent debt refinancing, resulting in over $130 million in annual interest savings. As of December 31, 2024, the Net Debt to Adjusted EBITDA Leverage Ratio was 3.1x.
StandardAero initiated its full year 2025 guidance, projecting revenue between $5,800 million and $5,950 million, and Adjusted EBITDA between $770 million and $790 million. Free Cash Flow is expected to be between $155 million and $175 million, with $90 million allocated for major platform expansion investments. This outlook reflects confidence in continued double-digit growth across its segments.
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