Willis Lease Finance Past Earnings Performance

Past criteria checks 4/6

Willis Lease Finance's earnings have been declining at an average annual rate of -19.4%, while the Trade Distributors industry saw earnings growing at 22% annually. Revenues have been declining at an average rate of 1.6% per year. Willis Lease Finance's return on equity is 11.8%, and it has net margins of 12.9%.

Key information

-19.4%

Earnings growth rate

-22.0%

EPS growth rate

Trade Distributors Industry Growth	23.4%
Revenue growth rate	-1.6%
Return on equity	11.8%
Net Margin	12.9%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Willis Lease Finance: Upside Remains On Book Value

Mar 26

Willis Finance Lease: Significant Upside Potential From Rate Hikes And Aviation Market Recovery

Jul 31

Revenue & Expenses Breakdown
Beta

How Willis Lease Finance makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:WLFC Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	439	57	171
31 Dec 23	410	40	165
30 Sep 23	384	44	149
30 Jun 23	356	36	133
31 Mar 23	322	28	114
31 Dec 22	301	2	107
30 Sep 22	277	-10	102
30 Jun 22	269	-14	99
31 Mar 22	259	-20	97
31 Dec 21	250	0	85
30 Sep 21	257	-5	80
30 Jun 21	257	-5	76
31 Mar 21	266	1	71
31 Dec 20	289	6	74
30 Sep 20	310	14	78
30 Jun 20	362	35	86
31 Mar 20	386	47	92
31 Dec 19	409	64	95
30 Sep 19	438	77	94
30 Jun 19	399	62	90
31 Mar 19	382	54	87
31 Dec 18	348	40	83
30 Sep 18	292	64	77
30 Jun 18	277	61	74
31 Mar 18	266	59	69
31 Dec 17	274	60	65
30 Sep 17	263	21	63
30 Jun 17	248	20	60
31 Mar 17	230	18	57
31 Dec 16	203	14	55
30 Sep 16	207	14	53
30 Jun 16	213	13	55
31 Mar 16	207	9	54
31 Dec 15	198	6	52
30 Sep 15	184	3	51
30 Jun 15	172	2	49
31 Mar 15	172	4	49
31 Dec 14	174	7	48
30 Sep 14	180	14	48
30 Jun 14	172	11	46
31 Mar 14	166	18	48
31 Dec 13	158	16	47
30 Sep 13	148	8	46
30 Jun 13	148	3	44

Quality Earnings: WLFC has high quality earnings.

Growing Profit Margin: WLFC's current net profit margins (12.9%) are higher than last year (8.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WLFC's earnings have declined by 19.4% per year over the past 5 years.

Accelerating Growth: WLFC's earnings growth over the past year (104.9%) exceeds its 5-year average (-19.4% per year).

Earnings vs Industry: WLFC earnings growth over the past year (104.9%) exceeded the Trade Distributors industry 3.7%.

Willis Lease Finance Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$3.13 (vs US$0.58 in 1Q 2023)

Full year 2023 earnings released: EPS: US$6.40 (vs US$0.35 in FY 2022)

Third quarter 2023 earnings released: EPS: US$2.17 (vs US$0.91 in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$2.04 (vs US$0.83 in 2Q 2022)

First quarter 2023 earnings released: EPS: US$0.58 (vs US$3.70 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.35 (vs US$0.003 in FY 2021)

Recent updates

First quarter 2024 earnings released: EPS: US$3.13 (vs US$0.58 in 1Q 2023)

Willis Lease Finance Corporation, Annual General Meeting, May 22, 2024

Executive VP & CFO recently sold US$126k worth of stock

Executive VP & CFO notifies of intention to sell stock

Willis Lease Finance: Upside Remains On Book Value

Full year 2023 earnings released: EPS: US$6.40 (vs US$0.35 in FY 2022)

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman notifies of intention to sell stock

Willis Lease Finance Corporation Announces Board Changes

President recently sold US$79k worth of stock

President notifies of intention to sell stock

Independent Director notifies of intention to sell stock

Founder & Executive Chairman recently sold US$129k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Third quarter 2023 earnings released: EPS: US$2.17 (vs US$0.91 in 3Q 2022)

President notifies of intention to sell stock

Independent Director recently sold US$76k worth of stock

Independent Director notifies of intention to sell stock

Founder & Executive Chairman recently sold US$119k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Second quarter 2023 earnings released: EPS: US$2.04 (vs US$0.83 in 2Q 2022)

Insufficient new directors

Willis Lease Finance Corporation, Annual General Meeting, Jul 25, 2023

Founder & Executive Chairman recently sold US$210k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Founder & Executive Chairman recently sold US$238k worth of stock

Founder & Executive Chairman notifies of intention to sell stock

Executive VP & CFO recently sold US$55k worth of stock

President recently sold US$52k worth of stock

President notifies of intention to sell stock

First quarter 2023 earnings released: EPS: US$0.58 (vs US$3.70 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.35 (vs US$0.003 in FY 2021)

CFW Partners, L.P, Mitsui & Co., Ltd. (TSE:8031), Fuyo General Lease Co., Ltd. (TSE:8424) and JA Mitsui Leasing, Ltd. submitted a non-binding proposal to acquire remaining 2.1% stake in Willis Lease Finance Corporation (NasdaqGM:WLFC) for $29.3 million.

Third quarter 2022 earnings released: EPS: US$0.91 (vs US$0.33 in 3Q 2021)

Second quarter 2022 earnings released: EPS: US$0.83 (vs US$0.12 loss in 2Q 2021)

Willis Finance Lease: Significant Upside Potential From Rate Hikes And Aviation Market Recovery

Willis Lease Finance Corporation(NasdaqGM:WLFC) dropped from Russell 2000 Dynamic Index

President notifies of intention to sell stock

President recently sold US$196k worth of stock

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Willis Lease Finance Corporation Announces Impairment Charges for the First Quarter Ended March 31, 2022

Willis Lease Finance Corporation, Annual General Meeting, May 25, 2022

Senior VP & CFO recently sold US$298k worth of stock

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Willis Lease Finance Corporation Appoints Charles F. Willis as Executive Chairman

CFW Partners, L.P, Charles F. Willis IV and Austin C. Willis cancelled the acquisition of the remaining 2.62% stake in Willis Lease Finance Corporation (NasdaqGM:WLFC).

Second quarter 2021 earnings released: US$0.12 loss per share (vs US$0.76 profit in 2Q 2020)

CFW Partners Delivers Letter to Willis Lease

First quarter 2021 earnings released: US$0.36 loss per share (vs US$0.59 profit in 1Q 2020)

Willis Lease Finance reports Q1 results

Willis Lease to raise $336.7M in fixed rate notes offering

Investor sentiment improved over the past week

President recently sold US$408k worth of stock

Full year 2020 earnings released: EPS US$1.07 (vs US$10.90 in FY 2019)

Investor sentiment improved over the past week

Willis Lease Finance Corporation Purchases 25 GTF Engines from Pratt & Whitney

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

President recently sold US$210k worth of stock

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: US$28.70

Third quarter 2020 earnings released: EPS US$0.36

Willis Lease Finance reports Q3 results

Board Member recently sold US$55k worth of stock

New 90-day low: US$18.96

Willis Lease Finance Corporation(NasdaqGM:WLFC) dropped from S&P Global BMI Index

Revenue & Expenses Breakdown
Beta