Willis Lease Finance Corp reported in the third quarter of 2024 net earnings per share of $3.37 an increase by 58.22 % year on year from $2.13 and decline of -45.73 % from $6.21 earned in II. Quarter (Jun 30 2024).
third quarter of 2024
Earnings Per Share
Revenues
$ 3.37
$
146 Mill
$+1.24+58.22 %
$+40M+38.28 %
Willis Lease Finance's Revenue
rose by
38.28 % in third quarter of 2024 (Sep 30 2024) year on year,
to $146 million and
declined by
-3.24 % sequentially.
Willis Lease Finance 's net income of $24.081 million in the third quarter of 2024 increased by 64.97 % from net earnings of $14.597 million achieved in III. Quarter a year ago.
Sequentially
net earnings fell by -43.44 % from net income of $42.574 million realized in previous quarter.
Willis Lease Finance Inventories Inventories grew by 62.92 % to $74 million from III. Quarter a year ago, sequentially inventories fell by -9.55 %.
In Sep 30 2024 company's net cash and cash equivalents decreased by $-43 million, capital expenditures fell by -31.731429.16%, to $-168 millions compare to same quarter a year ago
Willis Lease Finance Corp
payed out dividend of $1.05 per share in last 52 weeks representing 7.46 % of net earning per share in trailing twelve-month period.
During the same period Willis Lease Finance Corp earned $ 40.41 cash per share, on a free-cash flow basis
287.23 % of net earning per share.
Book value grew by 2.92 % sequentially to $75.49 per share, 61.76% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 74.88 per share from $ 72.53.
Company
issued 0.15 million shares or 2.16 % in Sep 30 2024.
Interest Coverage Ratio was 2.47. Debt Coverage Ratio was 0.13.
Willis Lease Finance Corp
payed out dividend of $1.05 per share in the last 52 weeks representing 7.46 % of net earning per share in trailing twelve-month period.
During the same period Willis Lease Finance Corp had $ 40.41 cash flow per share, on a free-cash flow basis
287.23 % of net earning per share.
Book value grew by 2.92 % sequentially to $75.49 per share, 61.76% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 74.88 per share from $ 72.53.
Company
issued 0.15 million shares or 2.16 % in Sep 30 2024.
Interest Coverage Ratio was 2.47. Debt Coverage Ratio was 0.13.
Willis Lease Finance Corp (WLFC) stock has shown strong gains in recent weeks, with a 6.63% increase over the past five trading days. However, in the month of May 2024 so far, the stock has declined by 7.11%. Despite this short-term decline, WLFC stock has been gaining momentum and is only 2.7% away from its 52-week high of $53.7699. One factor that may be contributing to the positive performance of WLFC stock is the company's impressive financial results. In the first quarter of 2024 (January to March 31), WLFC reported a significant increase in net profit per share, which soared by 445.45% to $3.00 per share compared to the previous year. This growth in profitability was driven by a 33.002% increase in...
