MRO
Marathon Oil Corporation
stock NYSE

StandardAero's a name that only makes sense once you understand why Boeing and Airbus's mess has been good for someone. Both of them have had production delays and supply chain problems for years now, so airlines ordering new planes often wait way longer than planned to actually get them. That creates a weird side effect: airlines can't retire their old planes on schedule if the replacements aren't showing up, so they end up maintaining and repairing what they already have for longer than anyone planned.
StandardAero's one of the largest independent aircraft engine MRO providers out there, authorized on over 40 engine platforms including the CFM56 and its successor, the LEAP engine. About 60% of revenue is commercial jet engines, rest split between military and business jets.
Q1 2026 revenue grew 13.3% organically to $1.63B, beat consensus of $1.49B. Net income up 27% to $79.9M. All three major markets posted double-digit growth, Business Aviation up 19.6%, Commercial Aerospace up 11.4%, Military and Helicopter up 10.3%. Component Repair, the high-margin segment, ran at 29.2% margin. Management raised full-year guidance to $6.325-6.45B revenue and adjusted EPS of $1.40-1.50, roughly 22% EPS growth at the midpoint. LEAP engine work is scaling toward around $1B in revenue over the next few years and turns margin-positive this year after being a drag during ramp-up.
There's also a CEO change coming, longtime leader Russell Ford moving to Executive Chairman, Paul McElhinney taking over October 1. Worth watching just for continuity reasons during any handoff like that.
Real risk here is that this whole thesis depends on planes staying older longer. If Boeing and Airbus actually fix their delivery bottlenecks faster than expected, some of this extended-life maintenance demand eventually goes away. Stock's had a pretty muted YTD return despite all these strong numbers too, so the market hasn't fully caught up to the growth yet either.
Anyone track the aerospace aftermarket space, and does the CEO transition change how comfortable you are holding [StandardAero](https://www.stoxcraft.com/stocks/saro) here?

StandardAero's a name that only makes sense once you understand why Boeing and Airbus's mess has been good for someone. Both of them have had production delays and supply chain problems for years now, so airlines ordering new planes often wait way longer than planned to actually get them. That creates a weird side effect: airlines can't retire their old planes on schedule if the replacements aren't showing up, so they end up maintaining and repairing what they already have for longer than anyone planned.
StandardAero's one of the largest independent aircraft engine MRO providers out there, authorized on over 40 engine platforms including the CFM56 and its successor, the LEAP engine. About 60% of revenue is commercial jet engines, rest split between military and business jets.
Q1 2026 revenue grew 13.3% organically to $1.63B, beat consensus of $1.49B. Net income up 27% to $79.9M. All three major markets posted double-digit growth, Business Aviation up 19.6%, Commercial Aerospace up 11.4%, Military and Helicopter up 10.3%. Component Repair, the high-margin segment, ran at 29.2% margin. Management raised full-year guidance to $6.325-6.45B revenue and adjusted EPS of $1.40-1.50, roughly 22% EPS growth at the midpoint. LEAP engine work is scaling toward around $1B in revenue over the next few years and turns margin-positive this year after being a drag during ramp-up.
There's also a CEO change coming, longtime leader Russell Ford moving to Executive Chairman, Paul McElhinney taking over October 1. Worth watching just for continuity reasons during any handoff like that.
Real risk here is that this whole thesis depends on planes staying older longer. If Boeing and Airbus actually fix their delivery bottlenecks faster than expected, some of this extended-life maintenance demand eventually goes away. Stock's had a pretty muted YTD return despite all these strong numbers too, so the market hasn't fully caught up to the growth yet either.
Anyone track the aerospace aftermarket space, and does the CEO transition change how comfortable you are holding [StandardAero](https://www.stoxcraft.com/stocks/saro) here?