WLFC Q1 2024 Earnings — Willis Lease Finance Corporation Revenue & Financial Results | Market Cap Arena

WLFCWillis Lease Finance Corporation

$1B

Q1 2024 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$119M+33.0% YoY

Gross Profit

$88M74.2% margin

Operating Income

$27M22.9% margin

Net Income

$21M17.5% margin

EPS (Diluted)

$3.00

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$60M

Free Cash Flow

-$3M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.2B

Stockholders' Equity

$462M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$119M	$90M	+33.0%
Gross Profit	$88M	$59M	+50.8%
Operating Income	$27M	$8M	+240.3%
Net Income	$21M	$4M	+374.9%

Revenue Segments

Maintenance Services

$5M48%

Spare Parts And Equipment Sales

$3M30%

Managed Services And Other Revenue

$2M22%