NYSE$FTAI

FTAI Aviation Ltd · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of 2024 and declared a dividend of $0.30 per ordinary share.

FTAI Aviation Ltd. reported its financial results for the second quarter of 2024. The company's Board of Directors declared a cash dividend of $0.30 per share for the quarter ended June 30, 2024. Aerospace Products reached a new Adjusted EBITDA high of $91.2 million for Q2.

  • Declared a cash dividend of $0.30 per share for Q2 2024.
  • Aerospace Products achieved a new Adjusted EBITDA high of $91.2 million in Q2.
  • Inducted 20 V2500 engines year to date and expects to induct an additional 30 by year end.
  • Module Factory™ has over 50 active customers worldwide.

Headline financials

Total Revenue

$444M

Previous: $274M+61.7%
EPS

-$2.26

Previous: $0.46-591.3%
Capital Expenditures

-$2.47M

Previous: -$2.3M-7.5%
Free Cash Flow

-$222M

Previous: $52.5M-523.9%
Net Income

-$220M

Previous: $54.8M-501.6%
Operating Income

$120M

Previous: $84.1M+43.1%
Gross Profit

$238M

Previous: $170M+40.0%
Cash & Equivalents

$169M

Previous: $21.1M+702.0%
Total Assets

$3.45B

Previous: $2.53B+36.6%
Stock-Based Comp

$638K

Previous: $510K+25.1%

Revenue & EPS history

FTAI Aviation · Revenue · Quarterly

$444M

Q2 2024+61.7%vs Q2 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

FTAI Aviation · $183M total across 3 segments · Q3 2023

  • Asset Sales Revenue
    $73M
  • Maintenance Revenue
    $63.9M
  • Lease Income
    $45.6M

Forward guidance

The company expects to induct an additional 30 V2500 engines by year end.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.0%

Avg return

30 days after

50%

24 / 48 earnings

Positive

+9.6%

Q3 2022

Best reaction

-18.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.9%+14.4%+4.3%
Q4 2025+2.7%-6.7%-20.8%
Q3 2025-3.2%-6.6%-8.1%
Q1 2025-18.9%+0.8%+9.4%
Q4 2024-7.6%-17.9%-19.9%
Q3 2024-6.3%-4.1%+17.7%
Q2 2024+3.8%+7.0%+13.6%
Q1 2024-3.7%-4.4%+15.0%
Q4 2023+8.5%+6.1%+22.5%
Q3 2023+4.5%+8.2%+22.6%
Q2 2023-4.1%-3.7%+5.6%
Q1 2023+4.7%+3.6%+3.2%
Q4 2022+8.4%+6.6%+2.7%
Q3 2022+9.6%+9.6%+5.7%
Q2 2022+9.5%+7.4%-4.7%
Q1 2022-6.0%-12.1%-12.6%
Q4 2021-2.0%-12.5%-3.3%
Q3 2021-4.5%-4.9%-14.6%
Q2 2021-0.0%-4.9%-2.6%
Q1 2021-5.7%-8.7%-2.4%
Q4 2020-0.7%+5.8%+8.5%
Q3 2020-4.2%-3.0%+29.2%
Q2 2020+1.6%+0.9%+7.9%
Q1 2020-2.9%-6.2%-1.1%
Q4 2019-4.3%-2.1%-54.9%
Q3 2019+3.5%+6.9%+14.1%
Q2 2019+3.9%+1.9%-0.3%
Q1 2019+1.3%+0.1%-4.1%
Q4 2018-1.4%+0.0%+5.9%
Q3 2018+4.6%+5.8%-4.4%
Q2 2018+0.6%+1.6%-3.4%
Q1 2018+0.6%+1.4%+4.5%
Q4 2017-3.7%-5.2%-6.9%
Q3 2017+1.5%-0.3%-0.7%
Q2 2017+1.9%+1.2%-4.7%
Q1 2017+2.0%+2.4%+3.5%
Q4 2016+1.8%+0.1%-2.2%
Q3 2016+5.7%+8.8%+13.6%
Q2 2016-2.7%-2.0%+0.3%
Q1 2016+0.8%
Q4 2015+5.1%
Q3 2014-1.5%
Q3 2015+3.7%
Q2 2014+2.9%
Q2 2015-7.4%
Q4 2014-0.3%
Q1 2015-0.3%
Q1 2014-0.3%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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