Quarterly ResultMay 5, 2026, 04:24 PM
Willis Lease Finance Q1 Net Income $25.1M (+49%); Revenue $194.3M (+23%)
AI Summary
Willis Lease Finance Corporation reported strong financial results for the first quarter of 2026, with total revenue increasing 23.2% to $194.3 million and net income attributable to common shareholders rising 52.9% to $23.7 million. Diluted earnings per share also saw a significant jump of 47.5% to $3.26. The company also made strategic moves, including a substantial reduction in debt obligations by $446.6 million and the expansion of its revolving credit facility to $1.75 billion, extending its maturity to April 2031. Additionally, the company commenced operations as a general partner of an investment fund partnership and realized significant gains from asset sales.
Key Highlights
- Total revenue increased 23.2% to $194.3 million for Q1 2026.
- Net income rose 48.7% to $25.1 million for the quarter.
- Diluted EPS grew 47.5% to $3.26 per share.
- Debt obligations decreased by $446.6 million to $2.25 billion as of March 31, 2026.
- Credit facility expanded to $1.75 billion with maturity extended to April 2031.
- Gain on sale of leased equipment increased to $18.0 million from $4.4 million year-over-year.
- Sold 5 engines to WMES for $55.3 million, generating a $15.3 million gain.
- Sold 11 notes receivable and sales-type leases to LMI Fund for $87.2 million.
- Net cash provided by operating activities increased to $56.7 million from $41.0 million.
Price Impact
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