Sector: Industrials | Industry: Business Support Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4700 Lyons Technology Parkway COCONUT CREEK FL 33073 |
Tel: | N/A |
Website: | https://www.wlfc.global |
IR: | See website |
Key People | ||
Charles F. Willis Executive Chairman of the Board | Brian Richard Hole President | Austin Chandler Willis Chief Executive Officer, Director |
Scott B. Flaherty Chief Financial Officer, Executive Vice President | Dean M. Poulakidas Senior Vice President, General Counsel, Corporate Secretary |
Business Overview |
Willis Lease Finance Corporation, along with its subsidiaries, is a lessor and servicer of commercial aircraft and aircraft engines. The Company operates through two segments: Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing, primarily 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. The Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components. The Spare Parts Sales segment also enables the Company to provide end-of-life solutions for surplus aircraft and engines, as well as manage the full lifecycle of its lease assets. Its subsidiaries include WEST Engine Funding LLC, Willis Aeronautical Services, Inc. and Willis Asset Management Limited. |
Financial Overview |
For the fiscal year ended 31 December 2023, Willis Lease Finance Corporation revenues increased 34% to $418.6M. Net income applicable to common stockholders increased from $2.1M to $40.4M. Revenues reflect Lease rent revenue increase of 31% to $213.1M, Maintenance reserve revenue increase of 60% to $133.7M, Gain (loss) on sale of leased equipment increase from $3.1M to $10.6M. |
Employees: | 263 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,163M as of Dec 31, 2023 |
Annual revenue (TTM): | $418.56M as of Dec 31, 2023 |
EBITDA (TTM): | $238.34M as of Dec 31, 2023 |
Net annual income (TTM): | $40.37M as of Dec 31, 2023 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | $1,796M as of Dec 31, 2023 |
Shares outstanding: | 6,367,912 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |