Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses. The Spare Parts Sales segment purchases and resells after-market engine parts, whole engines, engine modules, and portable aircraft components. Willis Lease Finance Corporation was founded in 1985 and is headquartered in Coconut Creek, Florida.
IPO Year: 1996
Exchange: NASDAQ
Website: willislease.com
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4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
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4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
4 - WILLIS LEASE FINANCE CORP (0001018164) (Issuer)
COCONUT CREEK, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraft engines and provider of global aviation service operations, today announces its subsidiary, Willis Sustainable Fuels (UK) Limited ("WSFL"), has entered into a master services agreement (MSA) with McDermott for early engineering, procurement and construction (EPC) related services for its SAF initiative. The agreement commences with WSFL's first planned SAF facility, supported by the UK Government's Advanced Fuels Fund, with a capacity of producing 50,000 litres per day of SAF in Teesside, with the parties intending to ent
COCONUT CREEK, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce the appointment of Z. Clifton ("Clif") Dameron to the role of Senior Vice President to strengthen and help streamline the Company's legal functions as WLFC continues to strategically expand its operations. "We are thrilled to have Clif join our team," said Austin C. Willis, WLFC's Chief Executive Officer. "His legal expertise in both leasing operations and asset management will be invaluable as we deploy our strategy." "Our rapid growth h
COCONUT CREEK, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline by Willis Lease Finance Corporation, the $48.5 million of short-term maintenance revenues earned was reported as the total year-to-date amount earned during the first three quarters of 2024, but this has been corrected to reflect that this amount was earned during the third quarter of 2024. The corrected release follows: Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") today reported third quarter total revenues of $146.2 million and quarterly pre-tax income of $34.5 million. The Company also announced its quarterly dividend of $0.25 per share, expected to be paid on
COCONUT CREEK, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") today reported that on October 31, 2024, the Company entered into a new, $1.0 billion, five-year, revolving credit facility (the "Credit Agreement") among WLFC, certain wholly-owned subsidiaries of WLFC, as guarantors, the lenders party thereto from time to time (the "Lenders"), and Bank of America, N.A., as administrative agent, collateral agent, swing line lender, and letter of credit issuer. The Credit Agreement replaced the existing $500.0 million revolving credit agreement, dated as of June 7, 2019 (as amended and restated, the "Existing Credit Agreement"), a
COCONUT CREEK, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") today reported third quarter total revenues of $146.2 million and quarterly pre-tax income of $34.5 million. The Company also announced its quarterly dividend of $0.25 per share, expected to be paid on November 21, 2024, with a record holder date of November 12, 2024. For the three months ended September 30, 2024, core lease rent and maintenance reserve revenues were $114.7 million in the aggregate, up 26% as compared to $91.3 million for the same period in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with
COCONUT CREEK, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC") plans to announce its financial results for the third quarter 2024 before the opening of Nasdaq on Monday, November 4, 2024. WLFC plans to hold a conference call with members of WLFC's executive management team on Monday, November 4, 2024, at 10:00 a.m. Eastern Standard Time to discuss its third quarter 2024 results. Individuals wishing to participate in the conference call should dial: US and Canada (888) 632-5004, International +1 (646) 828-8082, wait for the conference operator and provide the operator with the Conference ID 512645. A digital replay will be available two
COCONUT CREEK, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC") today reported that on September 27, 2024, WLFC entered into a Series A Preferred Stock Purchase Agreement with the Development Bank of Japan Inc., which refinances WLFC's $50 million of aggregate Series A-1 and Series A-2 preferred stock into one $65 million preferred stock series with a seven-year term, at the rate per annum of 8.35% per share. "The Development Bank of Japan's preferred stock investment is the result of a strong, long-term relationship between our two organizations, and we are proud to have them as partners," said Scott B. Flaherty, Executive Vice President and
COCONUT CREEK, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC"), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce the appointment of Dr. Amy Ruddock in the newly created role of Senior Vice President, Sustainable Aviation & Corporate Development. Amy will be responsible for delivering and growing WLFC's sustainable aviation business while also overseeing corporate development. Austin C. Willis, WLFC's Chief Executive Officer, commented on the appointment: "We are thrilled to welcome Amy to our leadership team. As we continue to expand our services businesses, we have
COCONUT CREEK, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") today reported record second quarter total revenues of $151.1 million and record quarterly pre-tax income of $57.9 million. The Company also announced its first regular quarterly dividend of $0.25 per share, expected to be paid on August 21, 2024, with a record holder date of August 12, 2024. For the three months ended June 30, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of $118.8 million, up 32% as compared to $89.8 million in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues
COCONUT CREEK, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraft engines and global provider of aviation services, announces the expansion of its technical senior leadership team into two distinct roles. In direct response to substantial and rapid growth, the Company has appointed industry veteran, Caroline M. Vandedrinck, as its new Senior Vice President ("SVP"), Materials & Services, to manage the Company's strategically aligned aftermarket services businesses. Garry Failler, SVP and Chief Technical Officer, will continue to manage WLFC's worldwide technical group, quality and logist
COCONUT CREEK, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline by Willis Lease Finance Corporation, the $48.5 million of short-term maintenance revenues earned was reported as the total year-to-date amount earned during the first three quarters of 2024, but this has been corrected to reflect that this amount was earned during the third quarter of 2024. The corrected release follows: Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") today reported third quarter total revenues of $146.2 million and quarterly pre-tax income of $34.5 million. The Company also announced its quarterly dividend of $0.25 per share, expected to be paid on
COCONUT CREEK, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") today reported third quarter total revenues of $146.2 million and quarterly pre-tax income of $34.5 million. The Company also announced its quarterly dividend of $0.25 per share, expected to be paid on November 21, 2024, with a record holder date of November 12, 2024. For the three months ended September 30, 2024, core lease rent and maintenance reserve revenues were $114.7 million in the aggregate, up 26% as compared to $91.3 million for the same period in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with
COCONUT CREEK, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC") plans to announce its financial results for the third quarter 2024 before the opening of Nasdaq on Monday, November 4, 2024. WLFC plans to hold a conference call with members of WLFC's executive management team on Monday, November 4, 2024, at 10:00 a.m. Eastern Standard Time to discuss its third quarter 2024 results. Individuals wishing to participate in the conference call should dial: US and Canada (888) 632-5004, International +1 (646) 828-8082, wait for the conference operator and provide the operator with the Conference ID 512645. A digital replay will be available two
COCONUT CREEK, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company") today reported record second quarter total revenues of $151.1 million and record quarterly pre-tax income of $57.9 million. The Company also announced its first regular quarterly dividend of $0.25 per share, expected to be paid on August 21, 2024, with a record holder date of August 12, 2024. For the three months ended June 30, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of $118.8 million, up 32% as compared to $89.8 million in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues
COCONUT CREEK, Fla., May 17, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC"), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today that its Board of Directors has declared a one-time special dividend of $1.00 per share on WLFC's common stock. The dividend is payable to shareholders of record at the close of business on May 30, 2024, and is expected to be paid on June 7, 2024. "I believe that this special dividend provides a small thank you to our shareholders that have been with us for many years," said Charles F. Willis, Executive Chairman. "Our ability to pay this dividend, continue to grow our lease
COCONUT CREEK, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC") today reported record first quarter total revenues of $119.1 million and record quarterly pre-tax income of $29.9 million. For the three months ended March 31, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of $96.8 million, up 26% as compared to $76.7 million in 2023. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with a strong, resurging aviation marketplace, and airlines leveraging our leasing, parts and maintenance capabilities in order to avoid protracted engine shop visits. "Having
COCONUT CREEK, Fla., March 13, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC") today reported record annual total revenues of $418.6 million and pre-tax income of $67.1 million. For the year ended December 31, 2023, aggregate, core lease rent and maintenance reserve revenues were at an all-time record of $346.8 million, up 41.0% as compared to $246.0 million in 2022. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with a strong, resurging aviation marketplace. WLFC Chief Executive Officer, Austin C. Willis, noted that "the results of WLFC's strategic expansion into enhanced aviation services, aimed at
COCONUT CREEK, Fla., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today reported third quarter total revenues of $105.7 million and pre-tax earnings of $20.3 million. For the three months ended September 30, 2023, aggregate lease rent and maintenance reserve revenues were $91.3 million and spare parts and equipment sales were $3.4 million. The Company reported increased total revenues in the third quarter when compared to the prior year period, primarily due to an increase in the Company's core lease rent and short-term maintenance revenues. "I am pleased to see how the Company and its employees continue to perform this year," said Charles F. Wi
COCONUT CREEK, Fla., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today reported second quarter total revenues of $109.0 million and pre-tax earnings of $19.0 million. For the three months ended June 30, 2023, aggregate lease rent and maintenance reserve revenues were $89.8 million and spare parts and equipment sales were $4.6 million. The Company reported increased total revenues in the second quarter when compared to the prior year period, primarily due to an increase in the Company's core lease rent and short-term maintenance revenues driven by continued global recovery in travel. "Our second quarter results reflect the fundamental strength of our co
COCONUT CREEK, Fla., May 04, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today reported first quarter total revenues of $89.5 million and pre-tax earnings of $6.8 million. For the three months ended March 31, 2023, aggregate lease rent and maintenance reserve revenues were $76.7 million and spare parts and equipment sales were $5.1 million. The Company reported increased total revenues in the first quarter when compared to the prior year period, primarily due to an increase in the Company's core lease rent and short-term maintenance revenues. "Another strong quarter for the Company and a dramatic comparison to the comparable period in 2022 that was negatively i
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COCONUT CREEK, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce the appointment of Z. Clifton ("Clif") Dameron to the role of Senior Vice President to strengthen and help streamline the Company's legal functions as WLFC continues to strategically expand its operations. "We are thrilled to have Clif join our team," said Austin C. Willis, WLFC's Chief Executive Officer. "His legal expertise in both leasing operations and asset management will be invaluable as we deploy our strategy." "Our rapid growth h
COCONUT CREEK, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC"), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce the appointment of Dr. Amy Ruddock in the newly created role of Senior Vice President, Sustainable Aviation & Corporate Development. Amy will be responsible for delivering and growing WLFC's sustainable aviation business while also overseeing corporate development. Austin C. Willis, WLFC's Chief Executive Officer, commented on the appointment: "We are thrilled to welcome Amy to our leadership team. As we continue to expand our services businesses, we have
COCONUT CREEK, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC" or the "Company"), the leading lessor of commercial aircraft engines and global provider of aviation services, announces the expansion of its technical senior leadership team into two distinct roles. In direct response to substantial and rapid growth, the Company has appointed industry veteran, Caroline M. Vandedrinck, as its new Senior Vice President ("SVP"), Materials & Services, to manage the Company's strategically aligned aftermarket services businesses. Garry Failler, SVP and Chief Technical Officer, will continue to manage WLFC's worldwide technical group, quality and logist
COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC"), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors ("the Board") effective April 1, 2024. Mr. Barrington has a distinguished career spanning more than 50 years in the global aviation industry, starting in 1968 at Aer Lingus. In 1980, he joined GPA Group plc where he held various senior management positions and helped establish and develop a global market for the sale of leased aircraft as financial assets. In 1993, Mr. Barrington oversaw the acquisiti
COCONUT CREEK, Fla., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ:WLFC) ("WLFC"), a leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Brendan Curran to its Board of Directors (the "Board"), effective January 1, 2024. With a distinguished career in the aerospace industry spanning nearly four decades, Mr. Curran brings a wealth of experience across the engine and airframe segments. He has significant experience in business and operations leadership, engineering, mergers & acquisitions, restructuring, and global business development. Most notably, Mr. Curran's expertise aligns well
Shares of AMMO, Inc. (NASDAQ:POWW) fell sharply during Friday's session following fourth-quarter results. AMMO reported a fourth-quarter profit of 1 cent per share, compared to market expectations for a loss of 1 cent per share. The company reported quarterly sales of $40.42 million topping estimates of $37.90 million, according to data from Benzinga Pro. AMMO shares dipped 19.1% to $2.0306 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) shares jumped 345% to $6.06. SRIVARU Holding Limited (NASDAQ:SVMH) gained 150% to $0.3852 after the company announced it will begin accepting paid reserva
U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Friday. Shares of Hasbro, Inc. (NASDAQ:HAS) rose sharply during Friday's session after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $70 to $80. Hasbro shares gained 5.5% to $61.22 on Friday. Here are some other big stocks recording gains in today’s session. Disc Medicine, Inc. (NASDAQ:IRON) shares gained 15.6% to $45.29. Disc Medicine announced a $178 million underwritten offering of 4.944 million shares at $36 per share. UroGen Pharma Ltd. (NASDAQ:URGN) rose 15.4% to $20.19. UroGen Pharma recently announced an 82.3% 12-month duration of response i
Willis Lease Finance (NASDAQ:WLFC) reported quarterly earnings of $1.53 per share. This is a 27.83 percent decrease over earnings of $2.12 per share from the same period last year. The company reported $114.28 million in sales this quarter. This is a 29.65 percent increase over sales of $88.14 million the same period last year.
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the industrials sector: Diana Shipping (NYSE:DSX) - P/E: 5.13 Steel Partners Holdings (NYSE:SPLP) - P/E: 5.27 AerCap Holdings (NYSE:AER) - P/E: 6.39 Willis Lease Finance (NASDAQ:WLFC) - P/E: 6.51 Crane NXT (NYSE:CXT) - P/E: 7.43 This quarter, Diana Shipping experienced a decrease in earnings per share, which was $0.09 in Q2 and is now $0.06.
The Notes will be secured by, among other things, WEST's direct and indirect interests in a portfolio of 51 aircraft engines and four airframes. The planned closing date is October 31, 2023.
The S&P 500 closed higher on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. Willis Lease Finance The Trade: Willis Lease Finance Corporation (NASDAQ:WLFC) Executive Chairman Charles F. Willis IV s
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