Recent Earnings

IBM Global Financing Q2 Receivables, Revenues & Margins Decline

IBM reported its Q2/17 Global Financing business revenue of $415 million, financing receivables of $25.9 billion and gross profit margin of 30.8% were lower compared to the same quarter in 2016. read more

Wells Fargo Lease Financing H1/17 Average Balances Up 12%

Wells Fargo reported lease financing average balances of $19.06 billion in H1/17 were up 12.1% from $17.0 billion for the same period a year earlier. The average yield of 4.88% compared to 4.95% in H1/16. read more

SMBC Aviation Capital Reports Pre-tax Profit Up 48% Year/Year

SMBC Aviation Capital reported operating profit was up 25% to $661 million from $1,046 million a year earlier. Pre-tax profit for the 12 months ended March 31, 2017 was $346 million, up 48% from $233 million in 2016. read more

HPE Financial Services Fiscal Q2/17 Revenue, Earnings Up Y/Y

Hewlett Packard Enterprise reported its Financial Services revenue of $872 million in fiscal Q2/17 was up 11% from $788 million a year earlier. Pretax earnings of $78 million were up from $73 million in fiscal Q2/16. read more

MidAtlantic Farm Credit Loan Portfolio Grows 5.7% in 2016

MidAtlantic Farm Credit reported a net income of $57.3 million in 2016, up from $53.1 million in 2015. The company’s loan portfolio also increased from $2.46 billion in 2015 to $2.6 billion. read more

Deere Announces 62% Increase in Q2 Earnings, Raises Outlook

Deere announced net income was $802.4 million Q2/17, up 62% from $495.4 million a year earlier. The company noted that it has raised its forecast and is now calling for significantly higher earnings for the full year. read more

ECN Capital Q1 Canadian Commercial & Vendor Originations up 62%

ECN Capital reported originations for Q1/17 were $398.2 million versus $477.3 million for the same period last year. ECN noted that its Canadian commercial and vendor originations were up 62% year/year. read more

Element Fleet Management Q1 Assets Up, Originations Flat

Element Fleet Management reported Q1/17 finance assets were $11.1 billion, up from $10.9 billion sequentially. The company noted originations of $1.24 billion “were in line with the prior quarter." read more

OnDeck Reports Q1 Net Loss Despite 48% Increase in Revenue

OnDeck reported a Q1/17 net loss of $11.1 million despite a gross revenue increase of $30.3 million, which was partially offset by loan loss charges of $46.2 million, up from $25.4 million in Q1/16. read more

Willis Lease Finance Reports Q1 Pretax Profit Grew 104%

Willis Lease Finance reported pretax income grew 104% to $14.4 million in Q1/17 compared to $7.1 million in Q1/16 on revenues of $77.9 million, up 53.7% from %50.7 million a year earlier. read more

Air Lease Q1 Rental Revenue up 11.8% Year/Year

Air Lease reported Q1/17 flight equipment rental revenues of $354.7 million were up 11.8% from $317.2 million in the same quarter in 2016. read more

Rush Enterprises Q1 Class 8 Truck Sales Flat Year/Year

Rush Enterprises noted in a recent earnings report that it sold 2,706 Class 8 trucks in Q1/17, an increase of 1% compared to Q1/16. Rush noted that U.S. Class 8 truck sales were down 29% over the same period in 2016. read more

Hyster-Yale Reports 13.7% Q1/17 Increase in Lift Truck Shipments

In its Q1/17 earnings release, Hyster-Yale reported a 13.7% increase in lift truck shipments and an 11.3% bump in revenues. read more

Marlin Reports Record Q1 Volume, One-Time Charge Hurts Earnings

Marlin Business Services reported Q1/17 origination volume of $168.8 million, up 49%, was an all-time record. Marlin noted it took a one-time, net of tax charge of $2.7 million that hurt Q1/17 earnings performance. read more

PACCAR Swings to Profit; Q1/17 Class 8 Orders Up 40%

PACCAR reported Q1/17 net income of $310.3 million compared to a net loss of %594.6 million in Q1/16, which included a European Commission charge of $942.56 million. U.S. and Canada Class 8 truck orders were 40% higher versus Q1/16. read more

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