Air Lease Q1 net income falls 17.7% to $97.4M; EPS $0.87, adjusted $1.31

AIR LEASE CORP

2024-Q1 EPS reported $0.87 revenue$663,310,000

Revenue $663.3M (+4.3% YoY) driven by fleet growth and sales; net income $97.4M vs $118.3M.
Diluted EPS $0.87 (down $0.19); adjusted diluted EPS $1.31 (down $0.19) on higher interest expense.
Added 14 aircraft from order book (~$900M investments); sold 5 aircraft for ~$240M.
Syndicated revolving credit facility increased to $7.8B, maturity extended to May 5, 2028.
Board declared $0.21/share quarterly dividend, payable July 8, 2024 to holders of record June 4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AIR LEASE CORP reported the three months ended March 31, 2024 results: revenue $663.3, net income $97.4, EPS $0.87.

Period: the three months ended March 31, 2024
Revenue: $663.3
Net income: $97.4
EPS: $0.87
Result: reported results

Exact text from the filing

ended March 31, 2024 and 2023 (in millions, except per share amounts and percentages): Operating Results Three Months Ended March 31, 2024 2023 $ change % change Revenues $ 663.3 $ 636.1 $ 27.2 4.3 % Operating expenses (528.0) (477.9) (50.1) 10.5 % Income before taxes 135.3 158.3 (23.0) (14.5) % Net income attributable to common stockholders $ 97.4 $ 118.3

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Source: SEC EDGAR

accession 0001628280-24-020610

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