NYSE$FTAI

FTAI Aviation Ltd · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

FTAI Aviation reported positive Q4 results and declared a dividend.

FTAI Aviation Ltd. reported financial results for the fourth quarter of 2022, with a net income attributable to shareholders of $20.01 million and an adjusted EBITDA of $123.539 million. The company also declared a cash dividend of $0.30 per share for the quarter ended December 31, 2022.

  • Net income attributable to shareholders was $20.01 million.
  • Basic earnings per ordinary share for continuing operations was $0.20.
  • Adjusted EBITDA was $123.539 million.
  • A cash dividend of $0.30 per share was declared for the quarter ended December 31, 2022.

Headline financials

Total Revenue

$274M

Previous: $146M+88.2%
EPS (adj)

$0.20

Previous: -$0.19+205.3%
Adjusted EBITDA

$124M

Previous: $125M-1.0%
Dividend per Share

$0.30

Previous: $0.33-9.1%
Net Income

$26.8M

Previous: -$19.8M+235.5%
Operating Income

$27.7M

Previous: -$45.9M+160.4%
Cash & Equivalents

$33.6M

Previous: $188M-82.2%
Total Assets

$2.43B

Previous: $4.86B-50.0%

Revenue & EPS history

FTAI Aviation · Revenue · Quarterly

$274M

Q4 2022+88.2%vs Q4 2021
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

Airlines are struggling to find power as green time is severely depleted and the supply chain is unable to service engines on a timely basis. New aircraft delivery delays are driving airlines to extend the lives of their 737NG and A320ceo fleets, which further increases CFM56 flight hours. Airlines experiencing record high CASM (cost per available seat mile), maintenance cost-saving products and practices are in high demand.

Tailwinds

  • Green time severely depleted
  • Supply chain unable to service engines on a timely basis
  • Airlines are struggling to find power
  • New aircraft delivery delays are driving airlines to extend the lives of their 737NG and A320ceo fleets
  • CFM56 flight hours increasing

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 Q4 2022

Historical avgQ4 2022

-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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