Recent Earnings

JPMorgan Beats Estimates Despite Tax Act Charge

JPMorgan Chase reported Q4/17 earnings of $4.23 billion were down 37% from $6.73 billion a year earlier. The bank noted the decrease included $2.4 billion of estimated net impact of the Tax Cuts and Jobs Act. read more

Intrepid Diversifies Portfolio, Transitions Aircraft in 2017

Intrepid Aviation provided details about its 2017 performance, which included maintenance of fleet metrics, an actively managed and diversified portfolio and the successful transition of aircraft. read more

Avolon Sells 44 Aircraft, Completes CIT Aircraft Leasing Buy in 2017

Avolon delivered 45 aircraft and sold 44 owned and managed aircraft in 2017. The company also raised $14.9 billion in new capital and completed the acquisition and integration of CIT’s aircraft leasing business. read more

Deere FY Earnings Reflect Improving Markets for Farm, C/E Equipment

Deere reported worldwide net sales and revenues were higher on improving markets for farm and construction equipment. The company said equipment sales are projected to increase by about 22% for fiscal 2018. read more

Air Lease Q3 Pretax Income Higher on Revenue Growth

Air Lease reported Q3/17 pretax income of $154.1 million was up 6.6% from $144.6 million a year earlier as Q3 revenues of $376.8 million were up 6.1% from $355.1 million in the same 2016 quarter. read more

FLY Leasing Reports Q3 Loss on Aircraft Impairment Charge

Aircraft lessor FLY Leasing announced a Q3/17 net loss of $12.5 million compared to net income of $22.9 million in Q3/16. FLY noted Q3/17 results were impacted by a $22.0 non-cash impairment charge on a vintage Airbus A330-200. read more

Element Q3/17 Originations Up 6%, Fleet Management Revenue Down 3% YTD

Element Fleet Management reported management net revenue was C$655.5 million ($514.9 million) in the first nine months of the year, down 3.0% from C$675.9 million ($530.9 million) in the first nine months of 2016. read more

Chesswood Reports Slight Q3 Earnings Dip Due to Windset Capital Wind Down

Chesswood Group reported Q3/17 operating earnings of $6.7 million compared to $7.2 million during the same quarter a year ago. read more

Willis Lease Finance Reports Q3 Pretax Profit Grew 27% to $8.3MM

Willis Lease Finance reported Q3/17 pretax income grew 27% to $8.3 million compared to $6.5 million in Q3/16 on revenues of $65.9 million, up 28% from $51.5 million a year earlier. read more

Marlin Q3 Earnings Down on Hurricane Losses, Weaker Portfolio Performance

Marlin Business Services reported Q3/17 net income of $3.3 million compared to $4.3 million a year earlier. Marlin noted Q3/17 earnings were impacted by hurricane provisions and weaker portfolio performance. read more

Rush Enterprises Q3/17 Class 8 Truck Sales Outpace Industry

Rush Enterprises reported Q3/17 Class 8 truck sales outpaced the industry in Q3/17 increasing 20.6% compared to Q3/16 and accounted for 7.1% of the U.S. Class 8 truck market. read more

Boeing Capital YTD Earnings From Operations up 142% Year/Year

Boeing Capital’s Q3/17 and year-to-date earnings from operations of $23 million and $87 million, respectively, were up 77% and 142% from $13 million and $36 million during the same periods a year earlier. read more

Cat Financial Q3 NBV up $83MM Year/Year

Cat Financial reported retail new business volume was $2.78 billion, an increase of $83 million, or 3%, from Q3/16. read more

Caterpillar Raises FY Forecast, Reports 27% Increase in NA Sales

In its third quarter earnings report, Caterpillar raised its full-year forecast, marking the third time it has done that this year. read more

PACCAR Q3 Revenue Higher; Retail Sales Expected to Increase in 2018

PACCAR reported revenue for the first nine months of 2017 was $14.0 billion, up from $12.96 billion last year. The truck-maker said retail sales in the U.S. and Canada are estimated to increase in 2018 to a range of 220,000-250,000 vehicles. read more

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