Recent Earnings

DLL Reports 2% Portfolio Increase, 5% NBV Decrease in H1/2020

DLL reported a portfolio increase of 2% in the first six months of 2020 in addition to a 5% drop in new business volume compared with the first six months of 2019. DLL also recorded a year-over-year drop of 71% in net profit from 2019. read more

Deere Reports 11% Decrease in Net Sales, 5% Increase in Financial Services Income for Q3

Deere & Company reported an 11% decrease in worldwide net sales and revenues for the third quarter ended Aug. 2, 2020. Conversely, the company reported a 5% increase in net income from financial services. read more

AeroCentury Reports $13.5MM Net Loss in Q2/20

AeroCentury, an independent aircraft leasing company, reported a Q2/20 net loss of $13.5 million compared with a net loss of $0.1 million for Q2/19. read more

Alta Equipment Group’s Net Revenues Rise 41.4% in Q2/20

Alta Equipment Group reported that net revenues in Q2/20 increased to $192.1 million in Q2/20, which marked a 41.4% year-over-year increase compared with the $135.9 million recorded in Q2/19. read more

Chesswood Reports Decline in COVID-19 Related Deferrals at End of Q2

Chesswood Group, a North American commercial equipment finance provider for small and medium-sized businesses, reported its Q2/20 results and provided a COVID-19 update, noting that COVID-19 related deferrals declined and 66% of the company’s portfolio is made up of prime credits. read more

Bombardier Reports $2.7B in Q2 Revenue, Lower Production Due to COVID-19

Bombardier reported revenues of $2.7 billion during Q2/20, reflecting a lower level of production activity and deliveries in the quarter as operations at sites across North America and Europe were temporarily suspended due to the global COVID-19 pandemic. read more

Air Lease Reports 10.6% Increase in Q2/20 Revenue

Air Lease reported that Q2/20 revenues of $521 million increased 10.6% and that it sold four aircraft during the quarter resulting in approximately $87 million in sales proceeds. read more

BlackRock TCP Capital Reports $21.1MM in Q2 Net Investment Income, Petro Joins Board

BlackRock TCP Capital, a business development company, reported net investment income for the quarter ended June 30, 2020 of $21.1 million. In addition, Andrea Petro was appointed to the board of directors as Brian Wruble retired. read more

Ritchie Bros. Reports 1% Decline in Total Revenue for Q2/20

Ritchie Bros. reported total revenue in Q2/20 decreased 1% to $389.1 million compared with Q2/19 and that inventory sales revenue in Q2/20 decreased 2% to $154.9 million compared with Q2/19. read more

Willis Lease Finance Q2 Revenue Falls 21.7%, COVID-19 Damages Leasing Business

Willis Lease Finance reported a 21.7% year-over-year decrease in total revenue in Q2/20 due primarily to the impact of the COVID-19 pandemic on the aviation industry, which generally led to reduced revenues in the company’s core leasing business. read more

Cat Financial Reports Q2 Decreases in Financial Metrics Partially Due to COVID-19

Cat Financial reported Q2/20 revenues of $641 million, a decrease of $116 million, or 15%, compared with Q2/19. Q2/20 profit was $59 million, a $20 million, or 25%, decrease from Q2/19. read more

Marlin Reports $5.9MM Q2/20 Loss, Volume Down 71% Y/Y

Marlin Business Services reported a Q2/20 net loss of $5.9 million, an improvement from its Q1/20 net loss of $11.8 million, and $67.2 million in new business volume, down 71% year over year. read more

Avolon Reports $619MM in Q2/20 Lease Revenue

International aircraft leasing company Avolon reported lease revenues for Q2/20 were $619 million. Avolon also executed a total of 16 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions. read more

Wintrust Experiences Q2/20 Growth in Leasing Despite Significant Income Decline

Wintrust Financial reported that its leasing business grew during Q2/20, with its portfolio of assets, including capital leases, loans and equipment on operating leases, increasing by $231.2 million to $2 billion at the end of Q2/20. read more

Ascentium Capital Passes $2.5B in Managed Assets

Ascentium Capital reported Q2/20 funding volume of $255.0 million, with year-to-date funding volume of $620.5 million. This enabled the company to achieve a new portfolio milestone, reaching $2.5 billion in managed assets. read more

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