StandardAero, Inc. (SARO)

StandardAero (SARO) went public on the NYSE on October 2, 2024, raising $1.3 billion in its IPO. In the past six months, the stock decreased by 12.1% from $28.66 on January 1, 2026, to $25.1950 by May 9, 2026. On May 7, 2026, the company announced its first-quarter 2026 earnings, reporting a 13.3% year-over-year revenue growth and a 14% year-over-year adjusted EPS growth to $0.33, matching analyst expectations. Adjusted EBITDA margins compressed by 130 basis points to 12.5% due to one-time costs, accelerated burn-down of low-to-no margin pass-through material inventory, and learning curves on new engine programs. The company raised its full-year 2026 guidance, increasing revenue, adjusted EBITDA, and adjusted EPS projections, while reiterating free cash flow guidance. During the first quarter of 2026, the company repurchased $60 million of its shares as part of a $450 million authorization plan and announced the acquisition of Unified Turbines, LLC. An insider, Lewis Prebble, sold 1,141 shares of the stock on April 16, 2026.

StandardAero's business experiences typical quarterly seasonality, with the first quarter characterized by heavier cash usage due to working capital investments. The company's cash generation is more heavily weighted towards the second half of the year. Demand across its commercial aerospace, business aviation, and military and helicopter end markets remains strong, and the company anticipates continued robust demand throughout 2026 and beyond.

StandardAero, Inc. (SARO) is a leading independent provider of aerospace engine aftermarket services, operating in the aerospace and defense sector, specifically in the MRO industry. The company offers a comprehensive suite of aftermarket solutions, including engine maintenance, repair, overhaul, component repair, on-wing support, asset management, and engineering solutions, serving commercial aviation, military, and business aviation markets. StandardAero operates in two primary segments: Engine Services and Component Repair Services, with the latter being one of the largest independent engine component repair businesses worldwide.

StandardAero has a global presence with over 50 facilities and approximately 7,800 employees as of March 31, 2025. Operations are concentrated in North America, with its headquarters in Scottsdale, Arizona, and a significant presence in Winnipeg, Manitoba, Canada. The company also has substantial operations in Europe, Australia, and Asia, including locations in San Antonio, Texas; Tilburg (Netherlands); Gonesse (France); Cork (Ireland); Nairobi (Kenya); Rijen and Woensdrecht (Netherlands); Ploiesti West Park (Romania); Singapore; Lanseria (South Africa); Almondbank, Gosport, and Portsmouth (United Kingdom); and various cities across the US and Canada.

StandardAero has a leading reputation built over more than 100 years, based on its track record of safety, reliability, and operational performance. Employee reviews on Comparably rate the company culture as "C," placing it in the Bottom 40% compared to similar-sized companies, with areas like Happiness and Executive Team needing improvement. Reviews on Indeed.com present a mixed picture, with some employees praising the company for aerospace experience and growth opportunities, while others mention issues with management, a stressful environment, lack of resources, and slow IT issue resolution. Some long-term employees express concerns about pay not keeping pace with new hires.

StandardAero's ownership is distributed among institutional investors (36.00%), insiders (32.83%), and public/retail investors (31.17%). Major institutional shareholders include Carlyle Group Inc., GIC Private Limited, Price T Rowe Associates Inc /md/, Janus Henderson Group Plc, Vanguard Group Inc, Wellington Management Group Llp, Allspring Global Investments Holdings, LLC, BlackRock, Inc., T. Rowe Price Investment Management, Inc., Norges Bank, and State Street Corp.