Recent Earnings

Ritchie Bros. Reports 30% Increase in Q2 Earnings

Ritchie Bros. Auctioneers announced Q2/14 net earnings of $38.6 million were up 30% from $29.8 million for the same quarter a year earlier. Ritchie noted Q2 revenues increased 11% to $141.8 million. read more

Air Lease Q2 Earnings Up 44% Year/Year

Air Lease reported Q2/14 revenue and net income of $256.3 million and $62.0 million, respectively up 23% from $207.9 million and 44% from $66.3 million from the same year-ago quarter. read more

Willis Lease Finance Q2 Pretax Income Up 88%

Willis Lease Finance reported Q2/14 pretax income of $3.55 million was up 88% from $1.89 million for the same quarter in 2013. The company noted that 2013 earnings were positively impacted by a one-time $8.6 million tax benefit. read more

CNH Financial Q2 Originations of $2.7B ‘Flat’ Y/Y

CNH Industrial reported its Financial Services segment Q2/14 retail loan originations were $2.7 billion, and characterized the year/year comparison as “flat”. read more

Marlin Q2 Earnings Up 10% Y/Y, Volume Up 20%

Marlin Business Services reported Q2/14 net income of $4.9 million, up 10% from $4.5 million a year earlier. Origination volume of $88.9 million was up 20% compared to Q1/14, but off 3% compared to Q2/13. read more

EverBank Q2 Equipment Financing Volume Up 113% Y/Y

EverBank Financial reported Q2/14 commercial originations were up 30% year/year driven by 113% growth in equipment financing receivables. read more

Class 8 Sales Improving; ‘Some’ Expansion Driving Demand

PACCAR reported Q2/14 earnings of $319.2 million was up 9% compared to Q2/13. The truck-maker noted, “Truck demand is being driven primarily by the ongoing replacement of the aging truck population, economic growth and some expansion of fleet capacity.” read more

PACCAR Financial Reports Record Q2 Results

PACCAR Financial Services reported Q2/14 pretax income improved to a record $91.7 million, up from $81.5 million a year earlier. PACCAR said Q2 and HI PFS profit increased due to grouth in portfolio balances and a lower provision for credit losses. read more

1st Source C/E, Aircraft & Truck Verticals Up 12% Y/Y

1st Source noted in its Q2/14 news release on quarterly earnings that its construction equipment, aircraft financing and medium & heavy-duty truck verticals were up a combined 12% from the end of the second quarter in 2013. Chairman warns of pressure on interest margins and credit quality. read more

TCF Financial Q2 Earnings Highest Since Q4/07

TCF Financial reported Q2/14 net income of %53.1 million, up 36.5% from net income of $38.9 million in Q2/13. TCF said its Q2/14 net income was the highest level since Q4/07. read more

Cat Financial Q2 Profit Up 32%, Volume Up 2%

Cat Financial reported Q2/14 profit after tax was $146 million, a $35 million, or 32%, increase from Q2/13. Cat said retail new business volume in Q2/14 was $3.44 billion, up 2% from Q2/13. read more

Caterpillar Reports Q2 Profit Higher, Raises Outlook

Caterpillar reported Q2/14 profit of $999 million, up from $960 million a year earlier. In its outlook, the machinery maker said it was raising its profit outlook to $6.20 per share from $6.10 per share. read more

Boeing Capital Q2 Earnings Up 74%

Boeing reported that its Boeing Capital unit earnings from operation in Q2/14 of $33 million was up 73.7% from $19 million a year earlier. The plane maker noted that Boeing Capital’s net portfolio balance at quarter-end was $3.4 billion, down from $3.5 billion in Q1/14. read more

Regions Financial Q2 Earnings Up 12.7%

Regions Financial announced Q2/14 earnings of $292 million were up 12.7% from $259 million in the same quarter in 2013. read more

CIT Q2 Earnings Boosted by Portfolio Sale

CIT reported Q2/14 net income of $247 million compared to net income of $184 million for the year-ago quarter. CIT said completion of the student loan portfolio sale generated income of $52 million net of taxes. read more

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Terry Mulreany
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