AerCap Holdings N.V. Reports Strong Financial Results and Announces New Share Repurchase Authorization and Dividend Increase

Core Insights - AerCap Holdings N.V. reported strong financial results for Q4 and the full year 2024, highlighting record operating cash flow and earnings per share, driven by high demand for leased aircraft, engines, and helicopters [2][4][8] Financial Performance - Total revenues for Q4 2024 reached $2.072 billion, a 9$1.899 billion in Q4 2023, with full-year revenues of $7.997 billion, up 5$7.580 billion in 2023 [4][39] - Basic lease rents for Q4 2024 were $1.619 billion, a 3$1.576 billion in Q4 2023, while full-year basic lease rents rose 2% to $6.377 billion [4][39] - Net gain on sale of assets for Q4 2024 was$260 million, a significant increase of 176% from $94 million in Q4 2023, with total asset sales of$869 million [6][39] Shareholder Returns - The company announced a new $1 billion share repurchase program and increased its quarterly dividend to$0.27 per share, up from $0.25 per share in 2024 [2][8][18] Key Metrics - Net income for Q4 2024 was$671 million, or $3.56 per share, while full-year net income was$2.1 billion, or $10.79 per share [8][39] - Adjusted net income for Q4 2024 was$624 million, or $3.31 per share, with full-year adjusted net income of$2.3 billion, or $12.01 per share [8][22] - Return on equity was 16$1.3 billion for Q4 2024 and $5.4 billion for the full year [9] - The company ordered over$2 billion of CFM LEAP engines in Q4 2024, bringing total new engine orders to over $5 billion for the year [9] Financial Position - As of December 31, 2024, total assets were$71.442 billion, with total liabilities of $54.257 billion and shareholders' equity of$17.185 billion [15][37] - Book value per share increased to $94.57, a 13$83.81 as of December 31, 2023 [15][9] Market Context - The positive operating environment and high demand for aviation leasing services contributed to AerCap's strong performance, reflecting broader trends in the aviation industry [2][4]