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Air Transport Services Group Inc (ATSG)
NASDAQ:ATSG
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.18Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -0.77%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements, such as the expansion with Amazon, positive free cash flow, and reduced capital expenditures. However, these were tempered by declining revenues and earnings, as well as losses in the ACMI Services segment. The call underscores a strategic focus on overcoming current challenges and leveraging growth opportunities.Company Guidance
During the Q2 2024 earnings call for Air Transport Services Group (ATSG), several key metrics and projections were discussed. The company reported revenues of $488 million, a decline of 8% from the previous year, and GAAP pretax earnings of $10.7 million, down from $49.7 million. Adjusted pretax earnings decreased by $41 million to $17 million, with adjusted EPS down by $0.38 to $0.19. Despite these reductions, ATSG generated $107 million in free cash flow through June, and the adjusted EBITDA outlook for 2024 was raised to $526 million. The capital expenditure outlook was lowered to $390 million, with significant reductions in both growth and sustaining CapEx. Additionally, the company plans to reduce its adjusted EBITDA leverage ratio to 2.9x by the end of the year. ATSG highlighted its Lease Plus strategy and continued demand for its midsized freighters, including 51 Boeing 767 aircraft operated for Amazon, as key growth drivers.Expanded Agreement with Amazon
ATSG expanded and extended their flying agreement with Amazon, adding 10 additional aircraft, bringing the total to 51 767 aircraft operated for Amazon, including 30 leased to them.
Positive Free Cash Flow
ATSG generated $107 million of free cash flow through June 2024, with expectations of additional positive free cash flow for the rest of the year.
Leasing Success and Market Expansion
ATSG leased four additional 767 freighters to external customers since June and has lease commitments for two converted Airbus 330 aircraft expected to deliver in Q4, indicating strong demand in international markets.
Reduced Capital Expenditures
Capital expenditure outlook for 2024 decreased to $390 million, down from $410 million, with a $400 million reduction compared to 2023.
Debt Reduction and Improved Liquidity
Total debt was reduced by $131 million since the beginning of the year, and the company maintains healthy liquidity with $1.4 billion in unencumbered aircraft assets.
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ATSG 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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ATSG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $22.04 | $22.01 | -0.14% |
| Aug 08, 2024 | $13.26 | $15.56 | +17.35% |
| May 06, 2024 | $13.25 | $14.71 | +11.02% |
| Feb 26, 2024 | $13.37 | $12.82 | -4.11% |
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 Air Transport Services Group Inc (ATSG) report earnings?
Air Transport Services Group Inc (ATSG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Air Transport Services Group Inc (ATSG) earnings time?
Air Transport Services Group Inc (ATSG) 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 ATSG EPS forecast?
ATSG EPS forecast for the fiscal quarter 2024 (Q4) is $0.28.
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