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FTAI Aviation Ltd. (FTAI)
NASDAQ:FTAI
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.89Last Year’s EPS
$1.09Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -7.96%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, with strong financial performance and growth in key segments. The company reported significant EBITDA growth and increased its annual guidance. There was successful customer onboarding and expansion in production capacity. However, there was a slight margin impact in the Aerospace segment due to inherited contracts and a delay in PMA parts approval.Company Guidance
During the FTAI Aviation Q3 2024 earnings call, several key metrics were highlighted as part of the company's guidance. The company announced an adjusted EBITDA of $232 million for Q3 2024, marking an 8% increase from $213.9 million in Q2 2024 and a 50% rise from $154.2 million in Q3 2023. The Leasing segment contributed $136.4 million, Aerospace Products added $101.8 million, while Corporate and Other posted a negative $6.2 million. The Aerospace Products segment achieved an EBITDA margin of 34%, up 12% from the previous quarter. Additionally, the company raised its 2024 estimated EBITDA for Aerospace Products to between $360 million and $375 million. Overall, the annual aviation EBITDA for 2024 is now expected to range from $860 million to $875 million, an increase from the previous guidance of $825 million to $850 million. The company also announced a dividend of $0.30 per share, to be paid on November 25, 2024, with a record date of November 14, 2024.Record Dividend Announcement
FTAI announced its 38th dividend as a public company and 53rd consecutive dividend since inception, with a dividend of $0.30 per share to be paid on November 25, 2024.
Strong Adjusted EBITDA Growth
FTAI reported an adjusted EBITDA of $232 million for Q3 2024, an 8% increase from Q2 2024, and a 50% increase from Q3 2023.
Leasing Segment Performance
Leasing segment delivered approximately $136 million in EBITDA, with a pure leasing component of $122 million for Q3 2024, up from $112 million in Q2 2024 and $102 million in Q3 2023.
Aerospace Products Segment Growth
Aerospace Products achieved $101.8 million in EBITDA with an overall EBITDA margin of 34%, up 12% from Q2 2024 and 135% from Q3 2023.
Increased 2024 EBITDA Guidance
FTAI increased its 2024 EBITDA guidance for aerospace products to $360-$375 million, up from $325-$350 million, and annual aviation EBITDA to $860-$875 million, up from $825-$850 million.
Expansion of Production Capacity
The Montreal facility, named FTAI Canada, increased production from 30 modules per quarter in 2023 to 75 modules in Q3 2024, with a target of 100 modules per quarter in 2025.
Successful Customer Onboarding
FTAI onboarded a record 19 new customers in the quarter, with strong repeat customer orders of 5 to 10 modules at a time.
V2500 Engine Program Progress
The LATAM program started, and FTAI secured two large North American airlines for about 20+ engines in the next few years for the V2500 program.
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FTAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $145.03 | $134.19 | -7.47% |
| Jul 23, 2024 | $107.33 | $108.74 | +1.31% |
| Apr 25, 2024 | $72.63 | $70.15 | -3.41% |
| Feb 22, 2024 | $53.74 | $57.11 | +6.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FTAI Aviation Ltd. (FTAI) report earnings?
FTAI Aviation Ltd. (FTAI) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is FTAI Aviation Ltd. (FTAI) earnings time?
FTAI Aviation Ltd. (FTAI) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTAI EPS forecast?
FTAI EPS forecast for the fiscal quarter 2024 (Q4) is $0.89.
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