Quarterly ResultMay 5, 2026, 06:32 AM
Willis Lease Q1 Revenue $194.3M, up 23.2%; EPS $3.26; Declares $0.40 Dividend
AI Summary
Willis Lease Finance Corporation reported strong financial results for the first quarter ended March 31, 2026, with total revenue increasing by 23.2% to $194.3 million and diluted EPS rising by 47.5% to $3.26. The company achieved record quarterly lease rent revenue of $77.4 million and record maintenance services revenue of $9.8 million. Additionally, the Board of Directors declared a quarterly dividend of $0.40 per share, payable on May 22, 2026.
Key Highlights
- Total revenue increased 23.2% to $194.3 million in Q1 2026.
- Diluted EPS rose 47.5% to $3.26 for the first quarter.
- Net income attributable to common shareholders grew 52.9% to $23.7 million.
- Record quarterly lease rent revenue reached $77.4 million, up 14.2%.
- Record quarterly maintenance services revenue was $9.8 million, an increase of 74.9%.
- Adjusted EBITDA increased 19.9% to $123.8 million.
- Board declared a quarterly dividend of $0.40 per share, payable May 22, 2026.
- Portfolio utilization increased to 85.8% at quarter end from 79.9% YoY.