Willis Lease FinanceWLFC
WLFC
About: Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components. The company generates the majority of its revenue from leasing and related operations.
Employees: 363
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
213% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 8
116% more capital invested
Capital invested by funds: $168M [Q2] → $363M (+$195M) [Q3]
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
27% more funds holding
Funds holding: 63 [Q2] → 80 (+17) [Q3]
0.23% more ownership
Funds ownership: 36.81% [Q2] → 37.05% (+0.23%) [Q3]
23% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 26
Research analyst outlook
We haven’t received any recent analyst ratings for WLFC.
Financial journalist opinion
Neutral
GlobeNewsWire
1 day ago
Willis Lease Finance Corporation Invests in the Future with the Purchase of Nine Advanced GTF Engines, Powering the Latest Technology AIRBUS A320 Family in 2024
COCONUT CREEK, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce that it has entered into a transaction with Pratt & Whitney for the purchase of nine new PW1133G-JM aircraft engines, with all purchases expected to occur by December 31, 2024. Pratt & Whitney's GTF engines enable up to 20% better fuel efficiency compared to aircraft powered by the prior generation of engines, are certified for operation on 50% sustainable aviation fuel (“SAF”) and have been successfully tested on 100% SAF. The transaction, valued at approximately $200 million based on Pratt & Whitney's 2024 list prices, is another big step towards providing the most modern and in-demand engines to airlines over the long term. Pratt & Whitney is an RTX (NYSE: RTX) business.
Neutral
GlobeNewsWire
3 days ago
Willis Lease Finance Corporation Welcomes Stephen Jones to its Board of Directors
Jones brings extensive airline, senior management, and governance experience Jones brings extensive airline, senior management, and governance experience
Neutral
GlobeNewsWire
1 month ago
Willis Sustainable Fuels (UK) Limited Enters into Master Services Agreement with McDermott
Key Milestone in Development of Advanced Sustainable Aviation Fuel (SAF) Facility in the UK Key Milestone in Development of Advanced Sustainable Aviation Fuel (SAF) Facility in the UK
Neutral
GlobeNewsWire
1 month ago
Willis Lease Finance Corporation Appoints Z. Clifton Dameron as Senior Vice President
COCONUT CREEK, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce the appointment of Z. Clifton (“Clif”) Dameron to the role of Senior Vice President to strengthen and help streamline the Company's legal functions as WLFC continues to strategically expand its operations.
Positive
Zacks Investment Research
1 month ago
Willis Lease Finance Q3 Earnings Soar Y/Y on Leasing Growth
WLFC posts a strong Q3 fueled by leasing and maintenance gains. Expansion and strategic capital management support growth momentum, partly offset by higher interest expenses.
Neutral
GlobeNewsWire
1 month ago
CORRECTION – 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, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline by Willis Lease Finance Corporation, the $48.5 million of short-term maintenance revenues earned was reported as the total year-to-date amount earned during the first three quarters of 2024, but this has been corrected to reflect that this amount was earned during the third quarter of 2024. The corrected release follows:
Neutral
GlobeNewsWire
1 month ago
Announcement of New Revolving Credit Facility
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 credit issuer. The Credit Agreement replaced the existing $500.0 million revolving credit agreement, dated as of June 7, 2019 (as amended and restated, the “Existing Credit Agreement”), among WLFC, the lenders party thereto from time to time and MUFG Bank, Ltd. as agent.
Neutral
Seeking Alpha
1 month ago
Willis Lease Finance Corporation (WLFC) Q3 2024 Earnings Call Transcript
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 Operator Good day and welcome to the Willis Lease Finance Corporation Third Quarter 2024 Earnings Call. Today's conference is being recorded.
Neutral
GlobeNewsWire
1 month ago
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, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) today reported third quarter total revenues of $146.2 million and quarterly pre-tax income of $34.5 million. The Company also announced its quarterly dividend of $0.25 per share, expected to be paid on November 21, 2024, with a record holder date of November 12, 2024. For the three months ended September 30, 2024, core lease rent and maintenance reserve revenues were $114.7 million in the aggregate, up 26% as compared to $91.3 million for the same period in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with the continued strength of the aviation marketplace, as airlines leverage the Company's leasing, parts and maintenance capabilities to avoid protracted, expensive engine shop visits.
Neutral
GlobeNewsWire
2 months ago
Willis Lease Finance Corporation Announces Timing of Third Quarter 2024 Earnings and Conference Call
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.
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