Piper Reports Growth In Q2 Deliveries, Revenue

Piper Aircraft announced on Thursday that its deliveries and revenue are up across the board for the second quarter (Q2) of 2023. The company saw a 14 percent increase in aircraft shipments, delivering nine more the same time period last year, and a 19 percent rise in revenue for the quarter, an increase of over $9 million. Piper attributed the growth to demand for its M-Class and trainer aircraft families.

“The demand of our high-performance M-Class family, featuring the turboprop M600/SLS and M500 as well as the piston powered M350, is evident in our steady growth. While new deliveries continue to be strong in Q2 2022, near new, used model availability remains at record lows of about two percent,” said Piper Aircraft President and CEO John Calcagno. “At the same time, Seminole, Archer and Pilot 100i sales increased 20% versus Q2 2022.”

Calcagno further noted that the company has continued seeing “unprecedented” demand for its trainers. According to Piper, its trainer backlog currently extends into late 2025 or 2026 depending on the model while the backlog for an M-Class aircraft reaches into next year. The company also reported that it made 50 percent more international deliveries in Q2 2023 than Q2 2022.