earnings
confidence high
sentiment positive
materiality 0.75
Willis Lease Q3 pre-tax income $34.5M (+69% YoY); declares $0.25 dividend; $1B credit facility
WILLIS LEASE FINANCE CORP
2024-Q3 EPS reported
$12.57
revenue$416,426,000
- Total revenues $146.2M; core lease & maintenance revenue $114.7M, up 26% YoY.
- Diluted EPS $3.37 vs $2.13 YoY; pre-tax income $34.5M vs $20.3M in Q3 2023.
- Board declares quarterly dividend $0.25/share, payable Nov 21, record Nov 12, 2024.
- Company entered new $1.0B five-year revolving credit facility, refinancing $500M facility.
- Preferred stock refinanced into $65M Series A at 8.35% dividend rate; portfolio grew to $2.67B.