WILLIS LEASE FINANCE Reports Q2 FY2023 Earnings Results on June 30, 2023
August 16, 2023
🌥️Earnings Overview
WILLIS LEASE FINANCE ($NASDAQ:WLFC) announced their earnings results for the second quarter of FY2023 on June 30 2023. The company reported total revenue of USD 109.0 million, a notable 39.6% year-on-year increase. Net income for the same period surged 133.8% to USD 13.8 million.
Price History
On June 30, 2023, WILLIS LEASE FINANCE reported their financial results for the second quarter of FY2023. The stock opened at $44.0 and closed the day at $45.6, a 5.8% increase from the previous closing price of $43.1. This marked the largest one-day gain for the company in recent months. This was a result of strong customer demand for their services, as well as increased investments in new technologies and processes that have helped to streamline their operations and increase efficiency.
This reflects the positive impact of the company’s efforts to optimize its operations. Overall, this report demonstrates the success that WILLIS LEASE FINANCE has seen in increasing revenue, improving efficiency, and increasing profitability over the past year. The company is well-positioned to capitalize on its successes in the future and continue to grow its business. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WLFC. More…
| Total Revenues | Net Income | Net Margin |
| 363.57 | 35.61 | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WLFC. More…
| Operations | Investing | Financing |
| 185.15 | -288.67 | 84.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WLFC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.6k | 2.19k | 60.94 |
Key Ratios Snapshot
Some of the financial key ratios for WLFC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.2% | -4.4% | 34.0% |
| FCF Margin | ROE | ROA |
| -38.2% | 18.8% | 3.0% |
Analysis
At GoodWhale, we provide investors with comprehensive financial analysis of WILLIS LEASE FINANCE. Our Risk Rating indicates that this is a medium risk investment with regards to the financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet of WILLIS LEASE FINANCE. If you want to find out more about these warnings, register with us and take a deeper dive into the analysis. Our experienced team of financial analysts can help you make the best decisions when it comes to investing in WILLIS LEASE FINANCE. More…
Peers
The company has a strong fleet of aircraft and a long history in the industry, making it a major player in the market.
– AerCap Holdings NV ($NYSE:AER)
AerCap Holdings is a global aircraft leasing company with a fleet of over 1,500 owned, managed and committed aircraft. The company has a market cap of over $13 billion and a return on equity of 5.33%. AerCap leases aircraft to airlines around the world and provides comprehensive fleet management services.
– Air Lease Corp ($NYSE:AL)
Air Lease Corporation is an American aircraft leasing company founded in 2010 by Steven F. Udvar-Házy. The company has its headquarters in Los Angeles, California. As of June 2016, Air Lease Corporation had a fleet of 277 aircraft leased to 86 airlines in 45 countries.
Air Lease Corporation has a market capitalization of $3.88 billion as of 2022. The company’s return on equity is -0.79%.
Air Lease Corporation is engaged in the business of leasing commercial jet aircraft to airlines around the world. The company was founded in 2010 by Steven F. Udvar-Házy, a veteran of the commercial aircraft leasing industry.
– Phatra Leasing PCL ($SET:PL)
Phatra Leasing is a Bangkok-based company that provides leasing services to businesses in Thailand. The company has a market cap of 1.52 billion as of 2022 and a return on equity of 6.69%. Phatra Leasing is a subsidiary of Phatra Capital, a leading provider of financial services in Thailand.
Summary
Investors in Willis Lease Finance Corporation (WLFC) were pleased to see strong second quarter earnings in FY2023. Total revenue for the quarter increased by 39.6%, and net income rose by 133.8% compared to the same period in FY2022. This was reflected in the stock price, which moved up the same day.
Investors will be looking ahead to the third quarter results to determine if the current growth trend continues. The company has reported positive results so far, which should encourage future investors to consider WLFC as a possible investment vehicle.
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