FTAI Aviation Ltd. ( (FTAI) ) has released its Q3 earnings. Here is a breakdown of the information FTAI Aviation Ltd. presented to its investors.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
FTAI Aviation Ltd. is a company that specializes in owning and maintaining commercial jet engines, focusing on CFM56 and V2500 engines, and operates in the aerospace sector. In its latest earnings report, FTAI Aviation Ltd. announced its financial results for the third quarter of 2024, highlighting a net income attributable to shareholders of $78.1 million and basic earnings per share of $0.76. The company also declared a dividend of $0.30 per ordinary share.
FTAI Aviation achieved an adjusted EBITDA of $232 million for the quarter, showcasing strong financial performance. The aerospace products segment contributed significantly to this result, reporting over $100 million in adjusted EBITDA. The company experienced significant revenue growth in aerospace products, with a total revenue of $465.8 million for the quarter, up from $291.1 million in the same period last year.
The company’s expenses also increased, totaling $374.5 million compared to $246.6 million in the previous year, driven by higher costs of sales and interest expenses. Despite these higher expenses, FTAI Aviation managed to deliver robust earnings, reflecting effective management and strategic initiatives in optimizing its operations.
Looking ahead, FTAI Aviation Ltd. remains focused on its core business of commercial jet engine leasing and maintenance, aiming to leverage its proprietary portfolio to provide cost savings and flexibility to its customers. The company continues to invest in aviation assets and aerospace products, positioning itself for sustained growth and value creation in the industry.
