Willis Lease Q3 pre-tax income $20.3M, EPS $2.13 vs $0.89 YoY

WILLIS LEASE FINANCE CORP

2023-Q3 EPS reported $4.70 revenue$304,275,000

Pre-tax income $20.3M in Q3 2023, compared to $8.4M in Q3 2022; diluted EPS $2.13 vs $0.89.
Total revenues $105.7M; lease rent revenue $53.6M (+35.6% YoY); maintenance reserve revenue $37.7M (+84.4%).
Spare parts sales declined to $3.4M from $7.0M; gain on sale of equipment $0.8M from one engine and one airframe.
Book value per diluted share $66.92 at Sep 30, 2023 vs $64.27 at Dec 31, 2022; undrawn revolver capacity $270M.

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 third quarter ended September 30, 2023 results: revenue $105.7 million, EPS $2.13.

Period: the third quarter ended September 30, 2023
Revenue: $105.7 million
EPS: $2.13
Result: reported results

Exact text from the filing

Willis Lease Finance Corporation Reports Third Quarter Pre-tax Income of $20.3 million COCONUT CREEK, FL — November 3, 2023 — Willis Lease Finance Corporation (NASDAQ: WLFC) today reported third quarter total revenues of $105.7 million and pre-tax earnings of $20.3 million.

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Source: SEC EDGAR

accession 0001018164-23-000025

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