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Willis Lease FinanceNASDAQ: WLFC

Profile

Country:

United States

IPO:

18 September 1996

Next earnings report:

04 November 2024

Last dividends:

12 August 2024

Next dividends:

N/A
$1.31 B
-9%vs. 3y high
53%vs. sector
-97%vs. 3y high
21%vs. sector
-9%vs. 3y high
60%vs. sector
-9%vs. 3y high
75%vs. sector

Price

regular market | 107 min ago
$183.78-$0.45(-0.24%)
$151.12 M$42.59 M

Analysts recommendations

Institutional Ownership

WLFC Latest News

Announcement of New Revolving Credit Facility
globenewswire.com04 November 2024 Sentiment: -

COCONUT CREEK, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) today reported that on October 31, 2024, the Company entered into a new, $1.0 billion, five-year, revolving credit facility (the “Credit Agreement”) among WLFC, certain wholly-owned subsidiaries of WLFC, as guarantors, the lenders party thereto from time to time (the “Lenders”), and Bank of America, N.A., as administrative agent, collateral agent, swing line lender, and letter of credit issuer. The Credit Agreement replaced the existing $500.0 million revolving credit agreement, dated as of June 7, 2019 (as amended and restated, the “Existing Credit Agreement”), among WLFC, the lenders party thereto from time to time and MUFG Bank, Ltd. as agent.

Willis Lease Finance Corporation Reports Strong Third Quarter Pre-Tax Income of $34.5 million; Pre-Tax Income Up 69% as Compared to that of the Third Quarter of the Prior Period; Board Declares Recurring Quarterly Dividend of $0.25 Per Share of Common Stock
globenewswire.com04 November 2024 Sentiment: POSITIVE

COCONUT CREEK, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) today reported third quarter total revenues of $146.2 million and quarterly pre-tax income of $34.5 million. The Company also announced its quarterly dividend of $0.25 per share, expected to be paid on November 21, 2024, with a record holder date of November 12, 2024. For the three months ended September 30, 2024, core lease rent and maintenance reserve revenues were $114.7 million in the aggregate, up 26% as compared to $91.3 million for the same period in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with the continued strength of the aviation marketplace, as airlines leverage the Company's leasing, parts and maintenance capabilities to avoid protracted, expensive engine shop visits.

Willis Lease Finance Corporation Announces Timing of Third Quarter 2024 Earnings and Conference Call
globenewswire.com16 October 2024 Sentiment: POSITIVE

COCONUT CREEK, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) plans to announce its financial results for the third quarter 2024 before the opening of Nasdaq on Monday, November 4, 2024.

Willis Lease (WLFC) Q2 Earnings Soar Y/Y on Lease Revenue Growth
zacks.com02 August 2024 Sentiment: POSITIVE

Willis Lease's (WLFC) Q2 earnings are driven by strategic asset acquisitions and increased lease and maintenance revenues despite rising expenses.

Record Results by Willis Lease Finance Corporation with Second Quarter Pre-tax Income of $57.9 million. Willis Declares First, Regular Quarterly Dividend of $0.25 Per Share.
globenewswire.com01 August 2024 Sentiment: POSITIVE

COCONUT CREEK, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) today reported record second quarter total revenues of $151.1 million and record quarterly pre-tax income of $57.9 million. The Company also announced its first regular quarterly dividend of $0.25 per share, expected to be paid on August 21, 2024, with a record holder date of August 12, 2024. For the three months ended June 30, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of $118.8 million, up 32% as compared to $89.8 million in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with a strong, resurging aviation marketplace, and airlines leveraging the Company's leasing, parts and maintenance capabilities in order to avoid protracted engine shop visits.

Willis Lease Finance Corporation Strikes Deal with Pratt & Whitney for up to 15 New Engine Purchases in 2024
globenewswire.com25 June 2024 Sentiment: POSITIVE

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.

Zacks Initiates Coverage of Willis Lease Finance With Outperform Recommendation
zacks.com20 May 2024 Sentiment: POSITIVE

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 Declares First Ever Cash Dividend
globenewswire.com17 May 2024 Sentiment: POSITIVE

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: Attractive Business With Huge Potential
Seeking Alpha07 November 2023 Sentiment: POSITIVE

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: Significantly Undervalued Assets And Strong Industry Tailwinds
Seeking Alpha30 October 2023 Sentiment: POSITIVE

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, 2023, it had a total lease portfolio of 337 engines, 12 aircraft, one marine vessel, and other leased parts and equipment, and with 74 lessees in 42 countries; and managed a total lease portfolio of 198 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.wlfc.global

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 was Willis Lease Finance the previous earnings report?

No data

When does Willis Lease Finance earnings report?

The next expected earnings date for Willis Lease Finance is 04 November 2024