Recent Earnings

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

Penske Transportation Solutions Records 53% Increase in Q3 Earnings

Penske Transportation Solutions recorded $64.5 million in earnings in Q3/20 and $108 million in earnings year to date compared with $42.2 million and $106 million, respectively, for the same periods last year. read more

Wintrust Financial Reports Growth in Leasing Business During Q3/20

In its Q3/20 earnings report, Wintrust Financial reported that its leasing business grew during the quarter, with its portfolio of assets, including capital leases, loans and equipment on operating leases, increasing by $20.3 million to $2 billion. read more

PACCAR Financial Services Reports Y/Y Decline in Q3 Income, Truck Deliveries Double

PACCAR Financial Services earned pre-tax income of $55.5 million in the third quarter this year compared with $66.5 million in the same period last year. PACCAR’s truck deliveries doubled in the third quarter compared with the second quarter of this year, reaching 36,000 units. read more

GATX Reports Y/Y Increase in Q3 Net Income, Dip in Fleet Utilization

GATX reported Q3/20 net income was $48.2 million compared with net income from continuing operations of $37.2 million in Q3/19. Railcar North America fleet utilization was 98.2% at the end of Q3/20 compared with 98.7% at the end of the prior quarter and 99.2% at the end of Q3/19. read more

Truist Reports Q3 Commercial Portfolio Decline Despite Growth in Equipment Finance

Truist Financial reported average loans and leases held for investment for Q3/20 were down $11.2 billion compared with Q2/20, primarily due to a decline in the commercial portfolio. However, the company reported growth in equipment finance lending. read more

DLL Reports 2% Portfolio Increase, 5% NBV Decrease in H1/2020

DLL reported a portfolio increase of 2% in the first six months of 2020 in addition to a 5% drop in new business volume compared with the first six months of 2019. DLL also recorded a year-over-year drop of 71% in net profit from 2019. read more

Deere Reports 11% Decrease in Net Sales, 5% Increase in Financial Services Income for Q3

Deere & Company reported an 11% decrease in worldwide net sales and revenues for the third quarter ended Aug. 2, 2020. Conversely, the company reported a 5% increase in net income from financial services. read more

AeroCentury Reports $13.5MM Net Loss in Q2/20

AeroCentury, an independent aircraft leasing company, reported a Q2/20 net loss of $13.5 million compared with a net loss of $0.1 million for Q2/19. read more

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