Core Insights - Willis Lease Finance Corporation reported third-quarter earnings of $3.37 per share, a significant increase from $2.13 per share in the same quarter of 2023, with total revenues reaching $146.2 million, a 38.3% year-over-year increase from $105.7 million [1][2] Revenue Breakdown - Lease rent revenues amounted to $64.9 million, up 21.2% from $53.6 million in the same period last year, driven by increased asset deployment and new lease agreements [3] - Maintenance reserve revenues rose 32% year-over-year to $49.8 million, compared to $37.7 million in the third quarter of 2023, supported by high utilization rates of leased engines [4] - Revenues from spare parts and equipment sales increased significantly to $10.9 million from $3.4 million in the year-ago quarter, with an additional $1 million from equipment sales for one engine [5] - Gains from the sale of leased equipment totaled $9.5 million from the sale of 13 engines and other assets, a substantial increase from $0.8 million in the third quarter of 2023 [6] Expense Overview - Total expenses rose to $112.5 million, a 31.2% increase year-over-year, with general and administrative expenses increasing by 50.8% to $40 million [7] - Net finance costs increased by 46% to $27.8 million, primarily due to higher interest expenses associated with increased borrowing for equipment purchases [7] Profitability Metrics - Quarterly pre-tax income was $34.5 million, up 69.4% from $20.3 million in the prior-year period, reflecting strong demand in the aviation leasing market [9] - Net income attributable to common shareholders surged to $23.1 million, a 67.9% improvement from the third quarter of 2023, indicating robust operational efficiencies [10] Balance Sheet Highlights - As of September 30, 2024, cash and cash equivalents totaled $5.8 million, down from $7.1 million at the end of 2023, while total assets grew to $3 billion from $2.7 billion [11] - Debt obligations increased to $2 billion from $1.8 billion at year-end 2023, and shareholders' equity strengthened to $517.8 million, up from $439 million [11] Strategic Developments - The company refinanced its Series A preferred stock, consolidating it into a $65 million Series A series with an 8.35% dividend rate, enhancing its capital structure [12] - A new $1 billion, five-year revolving credit facility was established, replacing an existing $500 million facility, providing capital flexibility for future demand [13] - The company declared a quarterly dividend of 25 cents per share, to be paid on November 21, 2024, demonstrating its commitment to returning value to shareholders [13]

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 ...

Willis Lease Finance Corporation (NASDAQ:WLFC) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Austin Willis - Chief Executive Officer Scott Flaherty - Chief Financial Officer Brian Hole - President Conference Call Participants Frank Galanti - Stifel Gregory Dahlberg - Wolfe Research, LLC Will Waller - M3F, Inc Eric Gregg - Four Tree Island Advisory LLC Justin Hughes - Phase 2 Partners Joshua Strauss - Pekin Hardy Strauss, Inc. Joshua Sullivan - The Benchmark Company Opera ...

Table of Contents Large Accelerated Filer ☐ Accelerated Filer ☒ Non-Accelerated Filer ☐ Smaller Reporting Company ☒ Emerging Growth Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

Exhibit 99.1 NEWS RELEASE CONTACT: Scott B. Flaherty Executive Vice President & Chief Financial Officer (561) 413-0112 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 COCONUT CREEK, FL — November 4, 2024 — Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC" or the "Company") today reported third qua ...

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. WLFC plans to hold a conference call with members of WLFC's executive management team on Monday, November 4, 2024, at 10:00 a.m. Eastern Standard Time to discuss its third quarter 2024 results. Individuals wishing to participate in the conference call should dial: US and Can ...

Adjusting for the market value of Willis Lease Finance Corporation's (NASDAQ: WLFC ) engine portfolio, their liquidation value is over $200 per share. It is a steal under that price. Comparable companies imply that it could be worth far Chris runs the investing group Sifting the World , in which he shares his best ideas, deep research, extensive resources and real time updates as investments play out. The group contains an experienced community that shares specialized knowledge when members have local knowl ...

COCONUT CREEK, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC"), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce the appointment of Dr. Amy Ruddock in the newly created role of Senior Vice President, Sustainable Aviation & Corporate Development. Amy will be responsible for delivering and growing WLFC's sustainable aviation business while also overseeing corporate development. Austin ...

Table of Contents Large Accelerated Filer ☐ Accelerated Filer ☒ Non-Accelerated Filer ☐ Smaller Reporting Company ☒ Emerging Growth Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

Exhibit 99.1 CONTACT: Scott B. Flaherty NEWS RELEASE Chief Financial Officer (561) 349-9989 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. COCONUT CREEK, FL — August 1, 2024 — 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 ...