Pilatus Reports Improved Sales, Financial Performance for 2022

The company says its results were among its best ever despite supply chain difficulties.

Jonathan Welsh

Thursday, March 02, 2023 at 04:02 PM ET

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Deliveries of PC-24 jets helped to drive strong results at Pilatus in 2022. [Credit: Shutterstock]

Key Takeaways:

Pilatus reported "one of its best years ever" in 2022, achieving $1.38 billion in sales and $1.7 billion in orders, driven by high demand for its PC-24 and PC-12 NGX aircraft.
Key achievements included significant aircraft deliveries and a major purchase agreement with Tradewind Aviation for over 20 PC-12 NGX aircraft, alongside growth in customer service and the acquisition of U.S. dealer Skytech Inc.
Despite its strong performance, the company faced considerable challenges from severe supply chain disruptions and an unpredictable geopolitical environment that negatively impacted production.

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Pilatus said strong demand for its aircraft despite difficult economic conditions helped propel the company to “one of its best years ever.”

Sales in 2022 totaled $1.38 billion, with operating income of about $240 million and orders totaling $1.7 billion. The company said it improved on its 2021 performance with deliveries of 40 PC-24s, 80 PC-12 NGXs, 10 PC-21s, and 3 PC-6s in 2022, as reported also in the General Aviation Manufacturers Association annual deliveries report released last week.