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8-K filed May 4, 2023, 7:59 PM ET ticker WLFC CIK 0001018164

earnings confidence high sentiment positive materiality 0.80

Willis Lease Q1 pre-tax income $6.8M vs $27.7M loss; lease rent revenue up 39.6%

WILLIS LEASE FINANCE CORP

2023-Q1 EPS reported $0.55 revenue$89,535,000

Diluted EPS $0.55 vs ($3.70) loss; total revenues $89.5M.
Lease rent revenue $53.2M (+39.6% YoY); maintenance reserve $23.5M (+58.4%).
No impairment in Q1 2023 vs $21.1M write-down in Q1 2022 on Russia engines.
Book value per share $62.89; undrawn revolver capacity $258M.
Spare parts sales $5.1M (down from $6.6M); loss on sale of two engines $0.1M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WILLIS LEASE FINANCE CORP reported the three months ended March 31, 2023 results: revenue $89.5 million, EPS $0.55 per diluted share.

Period: the three months ended March 31, 2023
Revenue: $89.5 million
EPS: $0.55 per diluted share
Result: reported results

Exact text from the filing

Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter total revenues of $89.5 million and pre-tax earnings of $6.8 million.

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Source: SEC EDGAR

accession 0001018164-23-000010

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