earnings
confidence high
sentiment positive
materiality 0.80
WLFC reports record Q1 revenue $119.1M, pre-tax income $29.9M, EPS $3.00
WILLIS LEASE FINANCE CORP
2024-Q1 EPS reported
$3.00
revenue$119,083,000
- Total revenues $119.1M, record; pre-tax income $29.9M, up from $6.8M YoY.
- Core lease rent and maintenance reserve revenues $96.8M, up 26% from $76.7M.
- Diluted EPS $3.00 vs $0.55 in Q1 2023; book value per share $69.35.
- Maintenance reserve revenue $43.9M, up 86.7% YoY on higher asset usage.
- Sold 8 engines in Q1; gain on sale $9.2M (vs loss in prior year).