Press release
FTAI Aviation Ltd. Reports Third Quarter 2024 Results, Declares Dividend of $0.30 per Ordinary Share
NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the third quarter
About this update from Ftai Aviation Ltd.
[{"type":"text","content":"NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the third quarter 2024. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview (in thousands, except per share data) Selected Financial ResultsQ3’24 Net Income Attributable to Shareholders$78,147 Basic Earnings per Ordinary Share$0.76 Diluted Earnings per Ordinary Share$0.76 Adjusted EBITDA(1)$232,030 _______________________________(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release. Third Quarter 2024 Dividends On October 30, 2024, the Company’s Board of Directors (the “Board”) declared a cash dividend on our ordinary shares of $0.30 per share for the quarter ended September 30, 2024, payable on November 25, 2024 to the holders of record on November 14, 2024. Additionally, on October 30, 2024, the Board declared cash dividends on its Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (“Series B Preferred Shares”), Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (“Series C Preferred Shares”) and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares (“Series D Preferred Shares”) of $0.50000, $0.51563 and $0.59375 per share, respectively, for the quarter ended September 30, 2024, payable on December 16, 2024 to the holders of record on December 2, 2024. Business Highlights FTAI reports over $100 million Adjusted EBITDA in Aerospace Products(1). (1) This is a Non-GAAP measure. See Reconciliation of Non-GAAP Measures section in Appendix for a reconciliation to the most comparable GAAP measure. Additional Information For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Center section of the Company’s website, https://www.ftaiaviation.com/, and the Company’s Quarterly Report on Form 10-Q, when available on the Company’s website. Nothing on the Company’s website is included or incorporated by reference herein. Conference Call In addition, management will host a conference call on Thursday, October 31, 2024, at 9:00 A.M. Eastern Time. The conference call may be accessed by registe...