earnings
confidence high
sentiment positive
materiality 0.75
FTAI Aviation Q1 2024 net income $31.3M, EPS $0.31; Aerospace Products EBITDA up 157% YoY
FTAI Aviation Ltd.
2024-Q1 EPS reported
$0.31
revenue$326,694,000
- Net income attributable to shareholders $31.3M; diluted EPS $0.31 vs basic $0.31.
- Adjusted EBITDA $164.1M; Aerospace Products Adj. EBITDA $70M (+28.7% QoQ, +156.7% YoY).
- Entered Perpetual Power Program with LATAM Airlines covering over 60 engines.
- Board declared Q1 dividend $0.30 per ordinary share, payable May 21 to record May 10.
- Preferred dividends declared: Series A $0.51563, Series B $0.50, Series C $0.51563, Series D $0.59375 per share.