Recent Earnings

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

Caterpillar Raises Expectations on Higher Q1 Results

Caterpillar reported Q1/17 sales and revenues of $9.8 billion were up 3.8% compared to Q1/16. As a result of a stronger than expected start to the year, CAT increased its expectations for full-year 2017 sales and revenues. read more

Cat Financial Reports 2% Increase in Q1/17 New Business Volume

Cat Financial reported that during Q1/17 retail new business volume was $2.34 billion, an increase of $47 million, or 2%, from Q1/16. read more

CIT Q1 Earnings from Continuing Operations Up 28%

CIT reported Q1/17 net income from continuing operations was $78 million, up 28% from $61.0 million a year earlier. Provision for credit losses in Q1/17 was down 44.5% from $89.5 million a year earlier. read more

United Rentals Reports Q1/17 Revenue Increase, Updates 2017 Outlook

United Rentals reported total revenue of $1.356 billion and rental revenue of $1.166 billion for Q1/17, compared with $1.310 billion and $1.117 billion, respectively, for the same period last year. read more

GATX Reports Q1 Earnings Slip on Railcar Oversupply, Backlog

GATX reported Q1/17 net income of $57.5 million was down 17% from $69.3 million in Q1/16. The railcar lessor noted, “continued railcar oversupply, manufacturing backlog and low fleet utilization combined to prevent lease rate improvement in Q1.” read more

Key Reports 55.5% Increase in Q1/17 Operating Lease Assets

In its Q1/17 earnings release, KeyCorp reported operating lease assets of $563 million were up 55.5% from $362 million at the end of the same quarter in 2016. read more

U.S. Bancorp Reports Higher Q1 Earnings, Lease Financing Growth

U.S. Bancorp reported Q1/17 net income of $1,473 million was up 6.3% from the same quarter in 2016. Average lease financing loans of $5.46 billion in Q1/17 were up 4.1% from $5.24 billion in Q1/16. read more

Bank of America Beats Estimates, Q1 Y/Y Earnings Increase 40%

Bank of America reported net income was up 40% to $4.9 billion before preferred stock dividends. EPS of $0.41 exceeds analysis’ estimates of $0.35. read more

Wells Fargo Q1 Lease Financing Balances Up 26.7% Year/Year

Wells Fargo reported its lease financing average balances of $19,070 million in Q1/17 were up 26.7% compared to $15,047 million for the same quarter a year earlier. read more

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