Profile
Sector:
IndustrialsIndustry:
Rental & Leasing ServicesCountry:
United StatesIPO:
18 September 1996Website:
http://www.willislease.comNext earnings report:
02 August 2024Last dividends:
30 May 2024Next dividends:
N/APrice
regular market | Thu, 27 Jun 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
WLFC Latest News
COCONUT CREEK, Fla., June 25, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce that it has finalized a deal with Pratt & Whitney, a division of RTX Corporation (NYSE: RTX), for the purchase and leaseback of up to fifteen Pratt & Whitney PW1100G-JM GTF aircraft engines, with all purchases expected to occur by December 31, 2024. Pratt & Whitney's GTF engine offers up to 17% lower fuel consumption, is certified for operation on 50% Sustainable Aviation Fuel (“SAF”) and has been successfully tested on 100% SAF. The transaction is valued at $363.9 million, according to Pratt & Whitney's list prices for the year 2024.
Discover why Zacks rates "Outperform" for Willis Lease Finance, being the first on Wall Street to initiate coverage on the stock. Uncover WLFC's strategic edge in the growing engine leasing market, strong financial performance and innovative investments in sustainable aviation technologies.
Willis Lease Finance Corporation (NASDAQ: WLFC) has declared a special dividend of $1.00 per share on its common stock. Shareholders of record as of May 30, 2024, will receive the dividend on June 7, 2024.
Willis Lease Finance Corporation has shown higher returns than the general market, with a 3.2% appreciation in stock. The company's exposure to aircraft engines, which have high residual value, makes it an appealing investment. The stock has significant upside based on EV/EBITDA valuation.
Willis Lease Finance Corporation is a good business that is likely to continue growing. The company's book value is significantly understated due to the recording of assets at cost and the acquisition of cheap assets during COVID-19. WLFC is well-positioned to benefit from the upcoming spike in MRO visits and the scarcity of spare engines, creating a high demand for their services.
What type of business is Willis Lease Finance?
Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses. The Spare Parts Sales segment purchases and resells after-market engine parts, whole engines, engine modules, and portable aircraft components. The company also focuses on engine management and consulting business. It serves commercial aircraft operators, as well as maintenance, repair, and overhaul organizations. As of December 31, 2021, it had a total lease portfolio of 304 engines, 12 aircraft, one marine vessel, and other leased parts and equipment, and with 76 lessees in 40 countries; and managed a total lease portfolio of 475 engines, aircraft, and related equipment for other parties. The company was founded in 1985 and is headquartered in Coconut Creek, Florida.
What sector is Willis Lease Finance in?
Willis Lease Finance is in the Industrials sector
What industry is Willis Lease Finance in?
Willis Lease Finance is in the Rental & Leasing Services industry
What country is Willis Lease Finance from?
Willis Lease Finance is headquartered in United States
When did Willis Lease Finance go public?
Willis Lease Finance initial public offering (IPO) was on 18 September 1996
What is Willis Lease Finance website?
https://www.willislease.com
Is Willis Lease Finance in the S&P 500?
No, Willis Lease Finance is not included in the S&P 500 index
Is Willis Lease Finance in the NASDAQ 100?
No, Willis Lease Finance is not included in the NASDAQ 100 index
Is Willis Lease Finance in the Dow Jones?
No, Willis Lease Finance is not included in the Dow Jones index
When does Willis Lease Finance report earnings?
The next expected earnings date for Willis Lease Finance is 02 August 2024