Recent Earnings

Air Lease Q2 Revenues Up 4.4%; Aircraft on Order 100% Placed Through 2019

Air Lease said Q2/18 revenue of $398 million was up 4.4% from $381 million in Q2/17. The company noted aircraft on order are 100% place through 2019, 87% place through 2020 and 66% placed through 2021. read more

OnDeck Q2 Originations Up 26% Y/Y, Assets Exceed $1B

OnDeck reported Q2/18 originations of $587 million, an increase of 26% from a year ago, with growth in both term loans and lines of credit. Total assets increased from $996 million at year end in 2017 to $1,072 million as of June 30, 2018. read more

Air Transport Reports Q2 Increase in Aircraft Leasing Revenues

Air Transport reported Q2/18 aircraft leasing revenues of $58.6 million, up from $52.8 million in Q2/17. ATSG noted since completing a 20-aircraft commitment to Amazon, it has delivered nine more freighters to dry-lease customers through June 2018. read more

Willis Lease Finance Reports Q2 Record Lease Rent Revenue

Willis Lease Finance reported record Q2/18 lease rent revenue of $43.1 million driven by high utilization and 14.9% portfolio growth compared to December 31, 2017. read more

CNH Q2 Adjusted Earnings up 56%, Retail Loan Originations $2.6B

CNH Industrial said adjusted net income in Q2/18 was up 56% compared to Q2/17. CNH Financial retail loan originations were $2.6 billion, relatively flat compared to the same quarter in 2017. read more

Marlin Q2 Earnings Up 41%, Originations Up 11%

Marlin reported Q2/18 net income of $6.5 million, up 41.3% from net income of $4.6 million a year earlier. Excluding referral volume, total originations of $172.2 million was up 11% from $155.5 million in Q2/17. read more

Cat Financial Q2 Earnings Hurt by Provision Charges; NBV Up 32%

Cat Financial reported Q2/18 revenues were up 7% compared to Q2/17. Pretax profit of $100 million was down from $164 million a year earlier due to an $86 million increase in provision charges. New business volume of $3.56 billion was up 32% compared to Q2/17. read more

Caterpillar Reports 24% Increase in Sales and Revenues in Q2/18

Caterpillar reported Q2/18 sales and revenues of $14.0 billion, compared with $11.3 billion in Q2/17, marking a 24% increase. read more

TCF Q2 Earnings Hurt by BCFP Charge; Leasing Benefits from Purchase

TCF Financial reported Q2/18 earnings were down as result of a $32 million pre-tax charge with the BCFP. TCF also noted an equipment finance portfolio increase that resulted from a portfolio purchase in Q3/17. read more

Daimler: Highest Ever Sales, Truck Outlook ‘Significantly Higher’

Daimler said it sold more vehicles in the first six months of 2018 than ever before in a half year. The company also noted Daimler Truck sales in 2018 “will be significantly higher than in the previous year.” read more

Boeing Q2 Earnings Up 26%, Backlog ‘Robust’ at 5,900 Aircraft

Boeing reported Q2/18 earnings of $2,196 million were up 26% from $1,749 million in Q2/17. Boeing noted its backlog remained robust with 5,900 aircraft valued at $416 billion. read more

PACCAR Q2 Sales and Financial Services Revenues a Record $5.81B

PACCAR announced Q2/18 net sales and financial services revenues were a record $5.81 billion, 23% higher than the $4.70 million achieved in Q2/17. read more

Rush Reports Q2 U.S. Class 8 Truck Sales Up 24.7% Year/Year

Rush Enterprises said U.S. Class 8 retail truck sales of 60,812 units, were up 24.7% in Q2/18 compared to Q2/17. Rush noted U.S. retail sales of Class 8 vehicles are expected to reach 252,700 units in 2018, up 27.6% from 2017 according to ACT Research. read more

CIT Q2 Earnings Higher, Notes ‘Strong Growth’ in Equipment Finance

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more

GATX YTD Earnings Higher Despite Cost of Facility Closure in Germany

GATX’s earnings for the first six months of 2018 were $115.1 million, up from $110.9 million a year earlier. A $15.3 million year-over-year increase on asset dispositions more than offset the impact of the $5.8 million expense to close a railcar maintenance facility in Germany. read more

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