Recent Earnings

NetSol Revenue Jumps 30% in Fiscal Q1/16

NetSol Technologies reported total revenue of $13.3 million at the end of the first fiscal quarter ended September 30, 2015, marking a rise of roughly 30% in revenue compared to the same quarter last year. read more

FLY Leasing Invests $214MM in New Aircraft in Q3/15

Fly Leasing announced its financial results for Q3/15 along with a $100 million share repurchase program. read more

Element Financial Reports YTD Originations of $5.1B

Element Financial reported Q3 and year-to-date originations of $1.9 billion and $5.1 billion, respectively were up 60.9% and 68.7% compared to the same periods one-year ago. read more

Air Lease Reports 23% Increase in Q3 Earnings on Higher Revenues

Air Lease said its Q3/15 earnings of $77.0 million were up 23.4% from $62.4 million a year earlier. Revenues of $313.1 million were up 19.5% compared to Q3/14. Fleet utilization was at 100% at 9/30/15. read more

Air Transport 767 Freighter Leases Drive Revenue Growth

Air Transport Services reported that during the first nine months of 2015 it purchased three 767-300 aircraft, one more than in 2014. The company plans to acquire one additional 767 for deployment with an existing customer. read more

Chesswood Reports Record Q3 Originations in the U.S. and Canada

Chesswood Group announced its results for the three and nine-months ended September 30. Of interest is that the equipment finance businesses Pawnee and Blue Chip registered record originations. read more

Marlin Q3 Volume of $100.5 Million Up 22% Year/Year

Marlin Business Services reported Q3/15 net income of $4.8 million compared to $4.9 million for third quarter 2014. Marlin noted Q3/15 lease and loan volume of $100.5 million was up 22% from $$82.5 million a year earlier. read more

CIT Reports Q3 Earnings Boosted by Tax Benefits

CIT Group reported Q3/15 earnings were $697 million compared to earnings of $515 million in Q3/14. CIT noted earnings for the current and year-ago quarters included $647 million and $375 million, respectively of income tax benefits. read more

Hyster-Yale Reports Lower Q3 Earnings Despite Shipment Increase

Hyster-Yale reported Q3/15 net income and revenues were down from the same quarter in 2014. Despite an increase in year/year shipments, the company said revenues were hurt by a shift in sales mix to lower-priced trucks. read more

PACCAR Q3 Earnings Second Highest in History

PACCAR reported Q3/15 earnings of $431.2 million was up 16% compared to the same period in 2014 and noted it was the second best quarter in the company’s 110-year history. read more

PACCAR Financial Reports Strong Results on Portfolio Performance

PACCAR reported that its Financial Services unit achieved strong profits during Q3/15 and first nine months of 2015 due to excellent portfolio performance. read more

GATX Reports Lower Q3 Earnings on Marine Exit Strategy

GATX reported Q3/15 earnings of $39.5 million was down from $51.3 million a year earlier primarily as a result of an after-tax loss of $26.6 million related to the company¡¯s decision to exit the majority of its marine investments. read more

Snap-on Reports Higher YTD Revenue, Operating Earnings & Volume for Finance Unit

In its Q3/15 report new release on earnings, Snap-on said its finance unit year-to-date revenues, operating earnings and net additions to its finance receivables were higher compared to the same period one year ago. read more

TCF Reports Q3 Y/Y Equipment Finance Revenue Up 11.4%

TCF Financial reported Q3/15 leasing and equipment finance revenue of $27.2 million was up 11.4% from $24.4 million a year earlier. read more

Cat Financial Q3 New Business Volume Falls 9%, Profits Down 12%

Cat Financial reported Q3/15 revenues of $653 million, profit of $109 million and retail new business volume of $2.86 billion in Q3/15, all marked decreases from the same period last year. read more

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Terry Mulreany
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