NYSE$FTAI

FTAI Aviation Ltd · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2023 and declared a dividend of $0.30 per ordinary share.

FTAI Aviation Ltd. reported net income attributable to shareholders of $32.97 million and adjusted EBITDA of $154.22 million for the third quarter of 2023. The company also declared a cash dividend of $0.30 per share.

  • Aerospace Products revenue reached $107.1 million with $40.6 million in Adjusted EBITDA at a 38% margin.
  • 41 modules were sold to 11 unique customers, including 2 new customers and 9 repeat customers.
  • Generated $492 million year to date positive free cashflow available for asset acquisition & investment activity.
  • Closed on 23 Engines & 10 Aircraft at attractive prices to help generate future growth in Aviation Leasing Adjusted EBITDA.

Headline financials

Total Revenue

$291M

Previous: $218M+33.4%
EPS (adj)

$0.33

Previous: $0.09+266.7%
Adjusted EBITDA

$154M

Previous: $109M+41.7%
Dividend per Share

$0.30

Previous: $0.30+0.0%
Capital Expenditures

-$3.91M

Previous: -$949K-311.6%
Free Cash Flow

$37.4M

Previous: $57.8M-35.3%
Net Income

$41.3M

Previous: $58.8M-29.7%
Operating Income

$63.7M

Previous: $57.6M+10.5%
Gross Profit

$174M

Previous: $122M+42.6%
Cash & Equivalents

$52.9M

Previous: $72.7M-27.3%
Total Assets

$2.63B

Previous: $2.28B+15.6%
Stock-Based Comp

$510K

No prior period

Revenue & EPS history

FTAI Aviation · Revenue · Quarterly

$291M

Q3 2023+33.4%vs Q3 2022
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

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 Q3 2023

Historical avgQ3 2023

-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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