---
schema_version: "secwatch.filing_event.v1"
accession: "0001018164-23-000010"
form_type: "8-K"
ticker: "WLFC"
cik: "0001018164"
company_name: "WILLIS LEASE FINANCE CORP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:16:49.481001+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001018164-23-000010
- form_type: 8-K
- ticker: WLFC
- cik: 0001018164
- company_name: WILLIS LEASE FINANCE CORP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018164/000101816423000010/0001018164-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018164/000101816423000010/wlfc-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001018164-23-000010
- JSON: https://secwatch.observer/filing/0001018164-23-000010.json
- Plain text: https://secwatch.observer/filing/0001018164-23-000010.txt

## Key facts
- Earnings Releases
  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
  source text: Willis Lease Finance Corporation (NASDAQ: WLFC) today reported first quarter total revenues of $89.5 million and pre-tax earnings of $6.8 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1018164/000101816423000010/0001018164-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.