Business
Willis Lease Finance Corporation Reports First Quarter 2025 Financial Results
Delivers Pre-Tax Income of $25.3 Million and Record Quarterly Revenue of $157.7 Million Declares Second Quarter 2025 Dividend of $0.25 Per Share COCONUT
About this update from Willis Lease Finance Corporation
[{"type":"text","content":"Delivers Pre-Tax Income of $25.3 Million and Record Quarterly Revenue of $157.7 Million Declares Second Quarter 2025 Dividend of $0.25 Per Share COCONUT CREEK, Fla., May 06, 2025 (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, today announced its financial results for the first quarter ended March 31, 2025. The Company also announced a quarterly dividend of $0.25 per share, payable on May 22, 2025, to shareholders of record as of the close of business on May 12, 2025. First Quarter 2025 Highlights (All metrics compared to first quarter 2024, except where noted) Total, record, quarterly revenues of $157.7 million, an increase of 32.5%Solid quarterly pre-tax income of $25.3 millionLease rent revenue of $67.7 million, an increase of 28.1%Maintenance reserve revenue of $54.9 million, an increase of 25.0%Spare parts and equipment sales of $18.2 million, compared to $3.3 millionPortfolio utilization increased to 86.4% at quarter end, compared to 76.7% at year end 2024 For the three months ended March 31, 2025, total revenue was $157.7 million, up 32.5% as compared to $119.1 million for the same period in 2024. For the first quarter of 2025, core lease rent and maintenance reserve revenues were $122.6 million in the aggregate, up 27% as compared to $96.8 million for the same period in 2024. The growth was predominantly driven by core, recurring lease and maintenance revenues associated with the continued strength of the aviation marketplace, as airlines leverage the Company’s leasing, parts and maintenance capabilities to avoid protracted, expensive engine shop visits. “WLFC’s strong first quarter 2025 financial results reflect the strength in our business model, which enables us to provide advanced and efficient solutions to airlines,” said Austin C. Willis, Chief Executive Officer of WLFC. “While concerns over tariffs have created market volatility, we remain confident in the drivers of our business. The cost of new engines continues to drive operators towards leasing, and our maintenance capabilities and programs provide value and certainty for cost conscious airlines.” First Quarter 2025 Operating Results Maintenance reserve revenue for the quarter ended March 31, 2025, was $54.9 million, compar...