Air Transport Services Gr Q1 2024 Adj EPS $0.16 Beats $0.11 Estimate, Sales $485.517M Miss $497.520M Estimate

5/6/24 6:00:06 PM ET

Air Freight/Delivery Services

Consumer Discretionary

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Air Transport Services Gr (NASDAQ:ATSG) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.11 by 45.45 percent. This is a 55.56 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $485.517 million which missed the analyst consensus estimate of $497.520 million by 2.41 percent. This is a 3.11 percent decrease over sales of $501.095 million the same period last year.

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Recent Analyst Ratings for
$ATSG

Date	Price Target	Rating	Analyst
11/8/2023	$26.00 → $15.00	Positive → Neutral	Susquehanna
9/20/2023	$27.00	Outperform	Oppenheimer
10/21/2022	$26.00	Hold	Truist
3/2/2022	$34.00 → $40.00	Overweight	Stephens & Co.

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$ATSG
Leadership Updates

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ATSG Holds Annual Meeting of Stockholders
Stockholders of Air Transport Services Group, Inc. (NASDAQ:ATSG) meeting today on a virtual-only basis have reelected nine directors to the Board of Directors. During the meeting, stockholders also: Ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2024; Approved on an advisory basis the compensation of the Company's named executive officers for 2023; and Rejected a stockholder proposal related to the disclosure of managing climate risk through science-based targets and transition planning. Directors of the Company reelected to one-year terms on the Board were Phyllis J. Campbell, Jeffrey A. Dominic
5/22/24 4:00:00 PM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary
ATSG Announces New President of Airline Subsidiary ATI
Air Transport Services Group, Inc., (NASDAQ:ATSG) today announced the retirement of James O'Grady, President of Air Transport International, Inc., an airline subsidiary of ATSG, and the appointment of his replacement, Mike Betson. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240125089942/en/James O'Grady has retired after a 40-year career in aviation. (Photo: Business Wire) O'Grady served as President of ATI since January 2016. Prior to that he had been Chief Operating Officer since September 2014. Before joining the airline, he held management positions in other ATSG subsidiaries, including serving as Managing Director of Glo
1/25/24 5:00:00 PM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary
Sarcos Appoints Laura Peterson as President and Chief Executive Officer
Ben Wolff Re-joins Executive Team as Executive Vice Chairman Sarcos Technology and Robotics Corporation ("Sarcos") (NASDAQ:STRC), a technology leader in advanced robotic systems, solutions, and software that redefine human possibilities, today announced that the Company's interim President and Chief Executive Officer, Laura Peterson, has been appointed to serve as the Company's permanent President and Chief Executive Officer. The Company also announced that Sarcos co-founder, current director and former Chief Executive Officer, Ben Wolff, has re-joined the executive team as Executive Vice Chairman. Peterson has served as interim President and Chief Executive Officer since May 2023 and h
10/25/23 9:01:00 AM ET
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Press Releases

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ATSG Reports Third Quarter 2024 Results
Generates Strong Cash Flow Air Transport Services Group, Inc. (NASDAQ:ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2024. Those results, as compared with the same period in 2023, were as follows: Third Quarter Results Revenues of $471 million, versus $523 million GAAP Loss per Share from Continuing Operations of ($0.05), versus Earnings per Share (diluted) of $0.24 GAAP Pretax Loss from Continuing Operations of ($5.2) million, versus Pretax Earnings of $23.5 million Adjusted Pretax* Earnings of $10.7 million, ver
11/8/24 7:30:00 AM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary
ATSG to be Acquired by Stonepeak for $3.1 Billion
ATSG Shareholders to Receive $22.50 Per Share in Cash Air Transport Services Group, Inc. (NASDAQ:ATSG), a global leader in medium widebody freighter aircraft leasing, air transport operations, and support services, today announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, in an all-cash transaction with an enterprise valuation of approximately $3.1 billion. Under the terms of the definitive agreement, which was unanimously approved by ATSG's Board of Directors, holders of ATSG's common shares will receive $22.50 per share in cash. The purchase price represents a premium
11/4/24 8:30:00 AM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary
ATSG Partners with Purdue Global on Employee Education Benefit
Purdue Global, Purdue's online university for working adults, has signed an educational alliance agreement with Air Transport Services Group, Inc. (NASDAQ:ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, to make higher education more accessible to its employees while advancing its workforce readiness initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241030630535/en/ Under the terms of the agreement, ATSG employees and immediate family members enjoy a 20 percent reduction in tuition rates for all undergraduate programs and certificates, and a
10/30/24 3:59:00 PM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary

ATSG Reports Third Quarter 2024 Results
Generates Strong Cash Flow Air Transport Services Group, Inc. (NASDAQ:ATSG), the leading provider of medium wide-body freighter aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2024. Those results, as compared with the same period in 2023, were as follows: Third Quarter Results Revenues of $471 million, versus $523 million GAAP Loss per Share from Continuing Operations of ($0.05), versus Earnings per Share (diluted) of $0.24 GAAP Pretax Loss from Continuing Operations of ($5.2) million, versus Pretax Earnings of $23.5 million Adjusted Pretax* Earnings of $10.7 million, ver
11/8/24 7:30:00 AM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary
ATSG to be Acquired by Stonepeak for $3.1 Billion
ATSG Shareholders to Receive $22.50 Per Share in Cash Air Transport Services Group, Inc. (NASDAQ:ATSG), a global leader in medium widebody freighter aircraft leasing, air transport operations, and support services, today announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, in an all-cash transaction with an enterprise valuation of approximately $3.1 billion. Under the terms of the definitive agreement, which was unanimously approved by ATSG's Board of Directors, holders of ATSG's common shares will receive $22.50 per share in cash. The purchase price represents a premium
11/4/24 8:30:00 AM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary
ATSG to Host Third Quarter 2024 Investor Conference Call
Air Transport Services Group, Inc. (NASDAQ:ATSG) today announced that it will host an investor conference call on Friday, November 8, 2024, at 10 a.m. Eastern time to review its financial results for the third quarter ended September 30, 2024. The company will issue its third quarter 2024 earnings release on the morning of Friday, November 8, 2024, before the financial markets open. Those who wish to participate in the question-and-answer portion of the call must register in advance via a link in the Events & Presentations section of ATSG's website, www.atsginc.com. Registrants will receive dial-in numbers and a unique Personal Identification Number (PIN) required to join the live call. S
10/17/24 4:01:00 PM ET
$ATSG
Air Freight/Delivery Services
Consumer Discretionary

Air Transport Services Gr Q1 2024 Adj EPS $0.16 Beats $0.11 Estimate, Sales $485.517M Miss $497.520M Estimate

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Recent Analyst Ratings for $ATSG

$ATSG Insider purchases explained

Analytical look into recent insider purchases

Investment Alert: Stock Acquired at Air Transport Services Group Inc on Jun 7

$ATSG Leadership Updates

Live Leadership Updates

ATSG Holds Annual Meeting of Stockholders

ATSG Announces New President of Airline Subsidiary ATI

Sarcos Appoints Laura Peterson as President and Chief Executive Officer

$ATSG Market Insights

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ATSG Signed Lease Agreements For Two 767-300 Freighter Aircraft To My Freighter Cargo Airlines Of Tashkent, Uzbekistan

Investment Alert: Stock Acquired at Air Transport Services Group Inc on Jun 7

TD Cowen Maintains Buy on Air Transport Services Gr, Raises Price Target to $18

$ATSG Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Berger Michael L bought $49,830 worth of shares (3,996 units at $12.47), increasing direct ownership by 4% to 103,705 units (SEC Form 4)

Hete Joseph C bought $64,058 worth of shares (5,000 units at $12.81), increasing direct ownership by 0.85% to 594,302 units (SEC Form 4)

Johns Raymond E Jr bought $24,678 worth of shares (1,705 units at $14.47) and gifted 1,020 shares, increasing direct ownership by 3% to 24,028 units (SEC Form 4)

$ATSG SEC Filings

SEC Form 10-Q filed by Air Transport Services Group Inc

Air Transport Services Group Inc filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form DEFA14A filed by Air Transport Services Group Inc

$ATSG Analyst Ratings

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Air Transport Services Group downgraded by Susquehanna with a new price target

Oppenheimer initiated coverage on Air Transport Services Group with a new price target

Truist initiated coverage on Air Transport Services Group with a new price target

$ATSG Press Releases

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ATSG Reports Third Quarter 2024 Results

ATSG to be Acquired by Stonepeak for $3.1 Billion

ATSG Partners with Purdue Global on Employee Education Benefit

$ATSG Large Ownership Changes

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SEC Form SC 13G/A filed by Air Transport Services Group Inc (Amendment)

SEC Form SC 13G filed by Air Transport Services Group Inc

SEC Form SC 13G/A filed by Air Transport Services Group Inc (Amendment)

$ATSG Financials

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ATSG Reports Third Quarter 2024 Results

ATSG to be Acquired by Stonepeak for $3.1 Billion

ATSG to Host Third Quarter 2024 Investor Conference Call

$ATSG Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

New insider France Cagney Todd claimed ownership of 51,988 shares (SEC Form 3)

Berger Michael L bought $49,830 worth of shares (3,996 units at $12.47), increasing direct ownership by 4% to 103,705 units (SEC Form 4)

Hete Joseph C bought $64,058 worth of shares (5,000 units at $12.81), increasing direct ownership by 0.85% to 594,302 units (SEC Form 4)

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Insider purchases explained

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Analyst Ratings

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