AerCap N.V.(AER)
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AerCap N.V.(AER) - 2024 Q3 - Quarterly Report
2024-10-30 18:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 001-33159 AERCAP HOLDINGS N.V. (Translation of Registrant's Name into English) AerCap House, 65 St. Stephen's Green, Dublin D02 YX20, Ireland, +353 1 819 2010 (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual ...
AerCap N.V.(AER) - 2024 Q3 - Earnings Call Presentation
2024-10-30 15:22
AERCAP | THIRD QUARTER 2024 FINANCIAL RESULTS AERCAP HOLDINGS N.V. FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forwardlooking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," ...
AerCap N.V.(AER) - 2024 Q3 - Earnings Call Transcript
2024-10-30 15:20
AerCap Holdings N.V. (NYSE:AER) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Joseph McGinley - Head of Investor Relations Aengus Kelly - Chief Executive Officer Peter Juhas - Chief Financial Officer Conference Call Participants Hillary Cacanando - Deutsche Bank Stephen Trent - Citi Moshe Orenbuch - TD Cowen Ronald Epstein - Bank of America Christopher Stathoulopoulos - Susquehanna International Group Operator Good day everyone, and welcome to the AerCap's Q3 2024 Financi ...
AerCap (AER) Q3 Earnings Match Estimates
ZACKS· 2024-10-30 13:16
AerCap (AER) came out with quarterly earnings of $2.41 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.81 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this airplane leasing company would post earnings of $2.41 per share when it actually produced earnings of $3.01, delivering a surprise of 24.90%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. AerCap, which belon ...
AerCap Holdings N.V. Reports Financial Results for the Third Quarter 2024
Prnewswire· 2024-10-30 11:00
Financial Performance - Net income for Q3 2024 was $375 million, or $1.95 per share, while adjusted net income was $463 million, or $2.41 per share [1][4][19] - Full-year adjusted earnings per share guidance has been raised from approximately $10.25 to approximately $10.70, excluding any gains on sale for Q4 2024 [4][21] - Total revenues and other income for Q3 2024 were $1.948 billion, a 3% increase from $1.892 billion in Q3 2023 [5][37] Revenue Breakdown - Basic lease rents for Q3 2024 were $1.605 billion, a 2% increase from $1.575 billion in Q3 2023 [5][37] - Maintenance rents and other receipts increased by 28% to $161 million in Q3 2024 compared to $126 million in Q3 2023 [5][6] - Net gain on sale of assets was $102 million in Q3 2024, down from $130 million in Q3 2023 [7][37] Operational Metrics - AerCap reported a 99% utilization rate and a 92% extension rate for used aircraft [3] - The company achieved a record operating cash flow of $5.6 billion over the last twelve months [3][4] - The adjusted debt/equity ratio as of September 30, 2024, was 2.4 to 1 [4][24] Shareholder Returns - AerCap repurchased 5.5 million shares for $497 million and announced a new $500 million share repurchase program [4][3] - A quarterly cash dividend of $0.25 per share was declared for October 2024, with a payment date of December 5, 2024 [15] Financial Position - As of September 30, 2024, total cash, cash equivalents, and restricted cash amounted to $3.955 billion, a 117% increase from $1.825 billion at the end of 2023 [13][39] - Total assets were $73.825 billion, up 4% from $71.275 billion at the end of 2023 [13][34] - Total liabilities increased to $57.072 billion, a 4% rise from $54.686 billion at the end of 2023 [13][34]
AerCap Holdings N.V. to Release Third Quarter 2024 Financial Results on October 30, 2024
Prnewswire· 2024-10-07 12:00
Core Viewpoint - AerCap Holdings N.V. will host a conference call and webcast on October 30, 2024, to discuss its third quarter 2024 financial results [1]. Company Information - AerCap is a global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [3]. - The company is listed on the New York Stock Exchange under the ticker AER and is headquartered in Dublin, with offices in various global locations including Shannon, Miami, Singapore, and others [3]. Event Details - The third quarter 2024 earnings press release will be released before the U.S. financial markets open on October 30, 2024 [1]. - The conference call can be accessed live via phone or through AerCap's website [1]. - A replay of the webcast will be archived on the "Investors" section of the company's website for one year [2].
AerCap Holdings N.V. Announces Closing of $500 Million Inaugural Sukuk Issuance
Prnewswire· 2024-10-03 12:09
Core Insights - AerCap Holdings N.V. successfully completed its inaugural benchmark Sukuk issuance of $500 million with a profit rate of 4.500% and a five-year maturity period [1] - The net proceeds from the Sukuk issuance will be used for general corporate purposes, including acquiring, investing in, financing or refinancing aircraft assets and repaying indebtedness [1] - The issuance was arranged by Arab Banking Corporation and involved several joint lead managers including Dubai Islamic Bank, Emirates NBD Bank, HSBC Bank, J.P. Morgan Securities, and KFH Capital Investment Company [1] Company Overview - AerCap is recognized as the global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [3] - The company is listed on the New York Stock Exchange (AER) and has a presence in multiple locations including Dublin, Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, and Dubai [3]
Best Value Stocks to Buy for October 1st
ZACKS· 2024-10-01 09:01
Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 1:Brookfield Business Partners L.P. (BBU) : This private equity company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.Brookfield Business Partners has a price-to-earnings ratio (P/E) of 5.30 compared with 16.20 for the industry. The company possesses a Value Scoreof A.OppFi Inc. (OPFI) : This fintech compan ...
AerCap: The Buy Thesis Strengthens On New Share Repurchase Program
Seeking Alpha· 2024-09-20 18:15
If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.In 2020, I marked AerCap (NYSE: AER ) stock a buy and the stock has performed extremely well, returning 245% and 18.2% compared since my AerCap report published in August . Interesting to note is that while AerCap’s stock price gainsDhierin runs th ...
AerCap: The World's Biggest Airplane Company You've Never Heard Of
Seeking Alpha· 2024-09-10 14:48
FabrikaCr/iStock via Getty Images AerCap (NYSE:AER) is the largest aircraft leasing company in the world. It had more airplanes than Delta and Southwest combined! The company owns more commercial aircraft than the largest, and far better-known, individual carriers. In fact, some of the airplanes flown by the big US carriers are leased from AER. AER owns or controls more than 2,000 commercial airline aircraft - plus more than 150 cargo planes, helicopters, and other aircraft types -- and more than 1,000 airl ...