WLFCWillis Lease Finance Corporation

$1B

Q3 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$106M+37.5% YoY

Gross Profit

$75M71.0% margin

Operating Income

$20M18.9% margin

Net Income

$15M13.8% margin

EPS (Diluted)

$2.13

QoQ Revenue Growth

-3.0%

Cash Flow

Operating Cash Flow

$70M

Free Cash Flow

$39M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.1B

Stockholders' Equity

$482M

Cash & Equivalents

$56M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$106M	$77M	+37.5%
Gross Profit	$75M	$51M	+48.2%
Operating Income	$20M	$9M	+128.7%
Net Income	$15M	$6M	+128.8%

Revenue Segments

Managed Services

$8M66%

Spare Parts And Equipment Sales

$3M29%

Other Revenue

$615,0005%

WLFC Q3 2023 Earnings — Willis Lease Finance Corporation Revenue & Financial Results | Market Cap Arena