Recent Earnings

Chorus Aviation Reports Solid Q2; Grows Regional Aircraft Leasing

Chorus Aviation reported Q2/17 adjusted net income of $26.7 million was up 22.3% from Q2/16. The company noted Chorus Aviation Capital is “quickly becoming a globally significant region aircraft lessor.” read more

ECN Capital Sells $1.5B of Rail Assets; Reports Q2 Results

ECN Capital will sell $1,487 million of railcar assets to affiliates of ITE Management and Napier Park Global Capital. The company also reported financial results for Q2/17. read more

Element H1/17 Revenue Down 2.9%, Reports Loss on 19th Capital JV

Element Fleet Management released its Q2/17 financial results, reporting core fleet management net revenue was C$436.5 million ($344.09 million) in the first half of the year, down 2.9% from C$449.7 million ($354.5 million) in the first half of 2016. read more

Triton Q2 Earnings Up on Stronger than Expected Trade Growth

Triton International reported Q2/17 earnings were up 32% from $34.6 million in Q1/17. Triton noted stronger than expected global containerized trade growth this year has boosted revenue. read more

FLY Leasing Q2/17 Income Drops, Portfolio Grows to 81 Aircraft

FLY Leasing reported net income of $2.9 million in Q2/17, down from the $4.7 million the company earned in Q2/16. The company also grew its aircraft portfolio to 81. read more

OnDeck Reports Lower Q2 Losses; Originations Down on Loan Tightening

OnDeck reported lower Q2/17 net losses compared to the same quarter in 2016. Loan volume of $464.4 million was down from $589.7 million a year earlier. read more

Willis Lease Finance YTD Earnings Up 83%

Willis Lease Finance reported YTD/17 net income of $13.5 million was up 82.9% from $7.4 million a year earlier. Total revenue of $145.8 million was up 45.3% YTD compared to the first six months of June 2016. read more

Aircastle Reports Lease Revenue Increase of 8% in Q2/17

Aircastle reported an 18% increase in total revenues in Q2/17 and an 8% increase in total lease rental and finance and sales-type lease revenues. read more

Volvo Financial Q2 Volume 13% Higher Despite ‘Intense’ Competition

Volvo Financial Services recorded a higher level of new business volume in Q2/17 on stable deliveries and improved penetration, despite intense competition in most markets. read more

CNH Financial Q2 Retail Originations ‘Flat’ Year/Year

CNH Financial reported Q2/17 new retail loan originations were $2.3 billion, “flat” compared to Q2/16. The managed portfolio of $25.6 billion at June 30, 2017 was up $0.3 billion compared to June 30, 2016. read more

Marlin Reports Record Q2 Originations Up 34.3% Year/Year

Marlin Business Services reported Q2/17 origination volume of $167.8 million, up 34.3% year-over-year, a Q2 record. Marlin’s net investment in leases and loans increased to $858.7 million, up 18% from Q2/16. read more

Rush Enterprises Q2 Class 8 Sales Up 29.3% Year/Year

Rush Enterprises said Q2/17 Class 8 truck sales increased 29.3% compared to the same quarter in 2016. Rush noted its Q2 Class 8 sales accounted for 6.9% of the U.S. Class 8 truck market. read more

Snap-on Financial Q2 Originations Off 3.7% Year/Year

Snap-on reported financial services originations of $270.6 million in Q2/17 were down 3.7% from $281.0 million a year earlier. read more

CIT Realizes Q2 $146MM Gain on Sale of Commercial Air Business

CIT reported Q2/17 net income of $157 million compared to $17 million for the same quarter a year ago. The company noted a pre-tax gain of $146 million on the sale of its Commercial Air business. read more

Cat Financial Earnings Higher, Volume Off 12%

Cat Financial reported Q2/17 profit was up 12% compared to the same quarter in 2016. Retail new business volume was $2.69 billion, down 12% or $367 million compared to the same year-ago quarter. read more

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