Profile
Sector:
IndustrialsIndustry:
Rental & Leasing ServicesCountry:
United StatesIPO:
18 September 1996Website:
http://www.wlfc.globalNext earnings report:
02 May 2025Last dividends:
12 November 2024Next dividends:
N/APrice
pre-market | 11 min agoAnalysts recommendations
Institutional Ownership
WLFC Latest News
WLFC posts a strong Q3 fueled by leasing and maintenance gains. Expansion and strategic capital management support growth momentum, partly offset by higher interest expenses.
COCONUT CREEK, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline by Willis Lease Finance Corporation, the $48.5 million of short-term maintenance revenues earned was reported as the total year-to-date amount earned during the first three quarters of 2024, but this has been corrected to reflect that this amount was earned during the third quarter of 2024. The corrected release follows:
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.
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.
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's (WLFC) Q2 earnings are driven by strategic asset acquisitions and increased lease and maintenance revenues despite rising expenses.
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.
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.
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 02 May 2025