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Willis Lease Finance Corp. (WLFC)
NASDAQ:WLFC
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.89Last Year’s EPS
1.53Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 7.61%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with record earnings before tax, significant portfolio growth, and the expansion of credit facilities. However, challenges such as supply chain issues and increased G&A expenses were noted. Overall, the positive achievements in financial metrics and strategic initiatives outweighed the challenges.Company Guidance
During the WLFC Q3 2024 earnings call, management provided detailed financial guidance and performance metrics. The company announced a quarterly dividend of $0.25 per share, payable on November 21, 2024, and reported Q3 pretax earnings (EBT) of approximately $35 million, marking it as the second highest on record. Year-to-date EBT reached $122.3 million, surpassing full-year performance in any prior year and representing a 165% increase year-over-year. The company's revenues for the quarter were $146.2 million, with core leasing revenues at an all-time high of $68.3 million. The lease portfolio experienced a net growth of $182 million during the quarter, with 27 engines and 4 airframes purchased. WLFC expanded its revolving credit facility to $1 billion and reduced balance sheet leverage to 3.43x, down from 3.71x in the previous year. Despite challenges such as supply chain issues and OEM production delays, the company reported robust demand for engines, with average lease rental factors increasing from the prior quarter.Record Earnings Before Tax (EBT)
The company reported $34.5 million in EBT for Q3 and $122.3 million year-to-date, which exceeds the full-year performance of any prior year. This marks a 69% increase from the comparable quarter in 2023 and a 165% increase on a year-to-date basis.
Significant Portfolio Growth
The company purchased 27 engines and 4 airframes during the quarter, resulting in net portfolio growth of $182 million.
Expansion of Credit Facility
The company expanded its revolving credit facility to $1 billion with a 5-year term and a $250 million accordion feature, alongside a $500 million warehouse facility.
Dividend Announcement
Announced a $0.25 per share regular quarterly dividend, payable on November 21, 2024.
Strong Cash Flow from Operations
Cash flow from operations through the third quarter of the year was up 28.1% to $216.4 million.
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WLFC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WLFC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $184.01 | $183.56 | -0.24% |
| Aug 01, 2024 | $85.94 | $102.20 | +18.92% |
| May 02, 2024 | $47.89 | $51.30 | +7.12% |
| Mar 13, 2024 | $46.35 | $48.13 | +3.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Willis Lease Finance Corp. (WLFC) report earnings?
Willis Lease Finance Corp. (WLFC) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Willis Lease Finance Corp. (WLFC) earnings time?
Willis Lease Finance Corp. (WLFC) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WLFC EPS forecast?
WLFC EPS forecast for the fiscal quarter 2024 (Q4) is 1.89.
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