NYSE$AL

Air Lease Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ALC's financial performance for Q4 2019 showed strong growth, with revenues and EPS increasing significantly.

Air Lease Corporation reported a strong fourth quarter in 2019, with a 21.9% increase in revenues to $549 million and a 14.5% increase in diluted earnings per share to $1.42. The company took delivery of 11 aircraft and purchased one aircraft, representing $825 million in aircraft investments. ALC ended the year with total liquidity of $6.3 billion.

  • Revenues increased by 21.9% to $549 million for the quarter.
  • Diluted earnings per share increased by 14.5% to $1.42 for the quarter.
  • Adjusted diluted earnings per share before income taxes increased by 16.4% to $1.92 for the quarter.
  • The company took delivery of 11 aircraft from our order book and purchased one aircraft from the secondary market, representing $825 million in aircraft investments.

Headline financials

Total Revenue

$549M

Previous: $450M+21.9%
EPS (adj)

$1.42

Previous: $1.65-13.9%
Net book value fleet

$18.7B

Previous: $15.7B+19.1%
Weighted avg fleet age

3.5

Previous: 3.8-7.9%
Weighted avg lease term

7.2

Previous: 6.8+5.9%
Capital Expenditures

$54.4M

Previous: $83.1M-34.5%
Free Cash Flow

$367M

Previous: $301M+21.8%
Net Income

$165M

Previous: $138M+19.2%
Operating Income

$206M

No prior period
Gross Profit

$254M

Previous: $211M+20.4%
Cash & Equivalents

$317M

Previous: $300M+5.8%
Total Assets

$21.7B

Previous: $18.5B+17.5%
Stock-Based Comp

$5.81M

Previous: $4.31M+34.7%

Revenue & EPS history

ALC · Revenue · Quarterly

$549M

Q4 2019+21.9%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ALC · $561M total across 1 segment · Q4 2022

  • Rental of flight equipment
    $561M

Forward guidance

The company did not provide forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+1.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.2%

Avg return

30 days after

62%

39 / 63 earnings

Positive

+15.5%

Q1 2020

Best reaction

-17.2%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+0.1%+0.2%-0.1%
Q3 2025-0.3%-0.1%+0.1%
Q2 2025-0.4%+0.7%+15.4%
Q1 2025+8.1%+10.0%+17.0%
Q4 2024+6.7%+10.3%-0.7%
Q3 2024-0.5%+2.2%+5.7%
Q2 2024-17.2%-14.6%-6.8%
Q1 2024-7.0%-4.5%-8.7%
Q4 2023-2.9%-4.1%+11.4%
Q3 2023-1.2%+1.4%+5.7%
Q2 2023-0.9%+0.9%-1.4%
Q1 2023-3.4%-5.9%-5.5%
Q4 2022-4.2%-6.2%-18.5%
Q3 2022+1.3%+2.9%+12.7%
Q2 2022+2.1%+0.8%-3.5%
Q1 2022-6.6%-11.7%-8.8%
Q4 2021+2.5%+2.1%-4.0%
Q3 2021+10.1%+11.6%-8.1%
Q2 2021+1.0%+1.0%-3.6%
Q1 2021-9.1%-7.6%-3.9%
Q4 2020+4.0%+2.0%+3.8%
Q3 2020+10.6%+15.4%+34.5%
Q2 2020+5.1%+10.7%+13.3%
Q1 2020+15.5%+1.7%+49.3%
Q4 2019-4.0%-3.4%-47.5%
Q3 2019-1.1%-1.6%+1.3%
Q2 2019+3.6%+0.7%+8.2%
Q1 2019+1.5%+0.5%+0.5%
Q4 2018-0.2%-0.5%-14.7%
Q3 2018-0.2%-3.7%-10.2%
Q2 2018+1.7%+1.8%-0.4%
Q1 2018-0.6%+0.6%+1.8%
Q4 2017+1.5%-3.1%-8.5%
Q3 2017+1.3%-3.2%+2.8%
Q2 2017+8.3%+8.1%+3.0%
Q1 2017-4.5%-7.5%-0.8%
Q4 2016-4.7%-2.6%-5.6%
Q3 2016+4.7%+4.8%+16.3%
Q2 2016+1.5%-0.4%+4.8%
Q1 2016+6.3%
Q4 2015+2.5%
Q3 2015+5.1%
Q2 2015+3.4%
Q1 2015+0.1%
Q4 2014-1.3%
Q3 2014+1.1%
Q2 2014+4.9%
Q1 2014+3.6%
Q4 2013+5.2%
Q3 2013+3.4%
Q2 2013-1.5%
Q1 2013+2.0%
Q4 2012+5.9%
Q3 2012+2.8%
Q2 2012-0.6%
Q1 2012-6.2%
Q1 2011-6.2%
Q4 2011+1.8%
Q3 2011+2.6%
Q3 2010+2.6%
Q2 2010+7.1%
Q2 2011+7.1%
Q4 2010+7.1%
Q1 2010

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