Willis Lease(WLFC) - 2024 Q4 - Annual Results

Financial Performance - The company reported record total revenues of $569.2 million for the year ended December 31, 2024, a 36.0$418.6 million in 2023[1] - Pre-tax income reached $152.6 million in 2024, up 127.4$67.1 million in 2023[2] - Core lease rent and maintenance reserve revenues were at an all-time high of $452.1 million, reflecting a 30.4$346.8 million in 2023[1] - Lease rent revenue increased by $25.1 million, or 11.8$238.2 million in 2024[2] - Maintenance reserve revenue was $213.9 million, a 60.0$133.7 million in 2023[2] - Diluted weighted average income per common share was $15.34 for 2024, compared to$6.23 in 2023[2] - Spare parts and equipment sales increased to $27.1 million in 2024, reflecting a 33.1$20.4 million in 2023[2] Asset and Liquidity Management - The book value of lease assets increased to $2,872.3 million as of December 31, 2024, compared to$2,223.4 million as of December 31, 2023[3] - The company refinanced and expanded its credit facility to $1.0 billion in October 2024, enhancing liquidity for growth[2] Dividends - The company declared and paid a recurring quarterly dividend of$0.25 per share in February 2025, marking its third consecutive dividend[2]