Willis Lease Finance Corporation (OQ:WLFC)

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
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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

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