Recent Earnings

ECN Capital Reports $50MM+ EBITDA in Q3/18

ECN Capital reported Q3/18 EBITDA, net of provision for credit losses, of $50.9 million versus $36.6 million for the previous three-month period and $34.4 million for the same period last year. read more

Willis Reports Record Quarterly Lease Rent Revenue of $47MM

Willis Lease Finance reported a pre-tax profit of $13.3 million in Q3/18, including record quarterly lease rent revenue of $47.0 million. read more

Marlin Q3/18 Earnings Up 78.8%; Volume Up 17%

Marlin reported Q3/18 net income of $5.9 million, up 78.8% from net income of $3.3 million a year ago. Excluding referral volume, Q3/18 originations were $173.1 million, up 17% from $117.9 million in the year ago quarter. read more

GE to Reduce Quarterly Dividend to One Cent After Disappointing Q3 Earnings

After reporting a loss of $2.63 per share from continuing operations, GE announced plans to reduce its quarterly dividend from $0.12 to $0.01 per share and reorganize its Power vertical. read more

Ryder System Q3 Revenue Grows Record 17% to $2.2B

Ryder System reported Q3/18 total revenue grew a record 17% to $2.2 billion, up from $1.8 billion a year earlier. read more

Trinity Railcar Leasing Group Q3 Profit Hurt by Lower Rates, Fees

Trinity Industries reported its Railcar Leasing group Q3/18 operating profit was off primarily because of lower average rental rates, lower asset advisory fees and a change in the mix of railcars sold from the lease fleet. read more

CIT Q3 EPS Beats Estimates; Commercial Finance, Business Capital Higher

CIT Group reported Q3/18 net income, excluding items, of $131 million or $1.15 EPS compared to $139 million or $1.02 EPS a year earlier. Analysts had expected EPS of $1.14. The bank noted Commercial Finance and Business Capital loans were up 7.2% and 9.8% Y/Y respectively. read more

CAT Financial Q3 Profit Up 45%, New Business Volume Up 4%

Cat Financial reported Q3/18 profit was $125 million, up 45% from Q3/17. New business volume during Q3/18 of $2.88 billion was up $101 million or 4% from Q3/17. read more

Rush Q3 Earnings Up 40% Y/Y; U.S. Class 8 Retail Sales Up 35%

Rush Enterprises reported its Q3/18 net income of $41.7 million was up 39.9% from $29.8 million in Q3/17. Rush noted Q3 U.S. Class 8 retail sales were 69,609 units, up 35% compared to the same period last year. read more

Caterpillar Q3 EPS Highest in Company History

Caterpillar announced Q3/18 sales and revenues of $13.5 billion, up 18% from $11.5 billion a year earlier. CAT noted its EPS of $2.88 was a Q3 record. read more

PACCAR Q3 Earnings Up 35%; PFS Earnings Up 11.6%

PACCAR's reported net income of $545.3 million in Q3/18 was 35% higher compared to Q3/17. PACCAR Financial earned $78.8 million in Q3/18, up 11.6% from $70.6 million earned in the same quarter in 2017. read more

GATX YTD Earnings Higher Despite Cost of Foreign Facility Closure

GATX reported year-to-date through September 2018 net income was $162.1 million, up from $159.9 million a year earlier. GATX noted results included the $5.8 million cost of a facility closure in Germany during Q2/18. read more

TCF Reports Q3 Earnings up 42.5% on Higher Revenue, Lower Losses

TCF’s reported Q3/18 net income was $86.2 million, up 42.4% from $60.5 million a year earlier. The bank noted revenue was up 6.5% and credit losses were down 84.4% from the same quarter one year-ago. read more

1st Source Reports Record YTD Earnings; Notes Aircraft Related Charge-Off

1st Source reported year-to-date net income was a record $60.97 million, up from $50.6 million one year earlier. The bank noted one large syndicated charge off described as ‘unique in both size and complexity.” read more

Signature Bank Q3 Earnings Up on Higher Interest, Lower Charges

Signature Bank said its net income for Q3/18 was $155.4 million, up 24.8% from $124.5 million a year earlier. The year/year increase was due to an increase in net interest income and a decrease in the provision for loan losses. read more

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