Recent Earnings

AeroCentury Reports $27.5MM in Net Income in Q3/21

Aircraft lessor AeroCentury reported net income in Q3/21 of $27.5 million compared with a net loss of $4.1 million in Q3/20. The company also recorded $28.7 million in reorganization gains in Q3/21. read more

Chesswood’s U.S. Equipment Finance Businesses Increase Interest Revenue in Q3/21

Chesswood Group’s U.S. equipment finance segment (Pawnee Leasing and Tandem Finance) reported interest revenue on leases and loans of $24.3 million and ancillary and other income of $3.1 million, a total increase of $3.6 million period over period. read more

Willis Lease Finance Reports 11.4% Y/Y Decrease in Total Revenues in Q2/21

Willis Lease Finance reported Q2/21 total revenues of $66.5 million, marking an 11.4% decrease when compared with the $75 million recorded in the same quarter of 2020. read more

FLY Leasing Signs Merger Agreement with Carlyle Aviation, Reports Net Loss in Q1/21

FLY Leasing reported total revenues of $80.9 million in Q1/21. It also reported a net loss of $3.4 million in the quarter compared with net income of $38.1 million during Q1/20. During the quarter, FLY Leasing signed a merger agreement to be acquired by Carlyle Aviation Partners. read more

DLL Reports $206MM in Net Profit, 2% Portfolio Growth for 2020

DLL reported net profit of €180 million ($206 million) for 2020. Despite a difficult economic environment and softening business demand, the company grew its portfolio to €34.9 billion ($42.9 billion), an increase of 2% when excluding currency movements. read more

Willis Lease Finance Reports 29.4% Decrease in 2020 Revenue

Willis Lease Finance reported annual total revenues of $288.7 million for the year ended Dec. 31, 2020. The company reported lower revenue in 2020 when compared with 2019, primarily due to the impact of the COVID-19 pandemic. read more

United Rentals Reports 10.1% Y/Y Decline in Q4/20 Rental Revenue

United Rentals, an equipment rental company, reported financial results for Q4/20. The company achieved total revenue of $2.279 billion, including rental revenue of $1.854 billion, which represented a 10.1% year-over-year decrease. read more

PACCAR Reports Y/Y Dip in Q4 Revenues Despite Increase for PACCAR Financial Services

PACCAR reported quarterly revenues of $5.57 billion in Q4/20 compared with $6.12 billion reported in the same period in 2019. PACCAR Financial Services achieved Q4/20 revenues of $432.6 million compared with $406.3 million in the same quarter of 2019. read more

Greenbrier Reports $2.35B Estimated Value of New Railcar Backlog for Fiscal Q1

The Greenbrier Companies reported financial results for its first fiscal quarter ended Nov. 30, 2020. The results included liquidity of $810 million and a new railcar backlog as of Nov. 30, 2020, of 23,900 units with an estimated value of $2.35 billion. read more

NETSOL Reports Increase in Gross Profit in Fiscal Q1

NETSOL reported that gross profit for the first quarter of fiscal 2021 was $6.4 million (or 50.5% of net revenues) compared with $6.1 million (or 45% of net revenues) in the first quarter of fiscal 2020. read more

Chesswood Reports Decline in Lease Modifications, Resumes Dividend Program

In Chesswood Group’s Q3/20 earnings report, Ryan Marr, president and CEO of the company, said that lease modifications declined in the quarter and that the company expects to resume paying dividends starting in November. read more

Air Lease Q3 Revenue Falls 7%, FY20 Revenue Up 3.9%

Air Lease reported Q3/20 revenues of $494 million, marking a decrease of 7%. In addition, the company reported revenues of $1.5 billion for the nine months ended Sept. 30, 2020, marking an increase of 3.9%. read more

FreightCar America’s Q3 Results Improve From Q2, Still Behind Year-Ago Levels

FreightCar America reported Q3/20 consolidated revenues of $25.2 million compared with $17.5 million in Q2/20 and $40.7 million in Q3/19. The company delivered 163 railcars in Q3/20 compared with 100 in Q2/20 and 467 in Q3/19. read more

Avolon Reports $504MM in Q3/20 Lease Revenue, $5.7B in Liquidity

Aircraft leasing company Avolon reported results for Q3/20, including lease revenue of $504 million and total liquidity of more than $5.7 billion. read more

Marlin Reports Recovering Income Levels in Q3; Origination Levels Still Below 2019

Marlin Business Services reported Q3/20 net income of $2.7 million compared with net loss of $5.9 million in the prior quarter and net income of $7.4 million in Q3/19. Marlin also reported a 66% year-over-year decrease in total sourced origination volume in the quarter. read more

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