Willis Lease Finance reports record 2023 revenue of $418.6M, pre-tax income $67.1M, diluted EPS $6.23

WILLIS LEASE FINANCE CORP

Record annual total revenues $418.6M; pre-tax income $67.1M (vs $9.8M in 2022).
Core lease rent and maintenance reserve revenues up 41% to $346.8M; lease rent $213.1M (+31.1%).
Diluted EPS $6.23 vs $0.33 in 2022; book value per share $67.73.
Raised $410M in ABS financings, refinanced credit facility, accessed JOLCO market.
Gain on sale of leased equipment $10.6M (28 engines sold) vs $3.1M in 2022.

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 year ended December 31, 2023 results: revenue $418.6 million, net income $67.1 million of pre-tax income.

Period: the year ended December 31, 2023
Revenue: $418.6 million
Net income: $67.1 million of pre-tax income
Result: reported results

Exact text from the filing

Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) today reported record annual total revenues of $418.6 million and pre-tax income of $67.1 million.

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Source: SEC EDGAR

accession 0001018164-24-000008

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