Overview

* Willis Lease Q3 revenue grows 25.4% yr/yr, beating analyst expectations

* Company declares Q4 dividend of $0.40 per share, up from $0.25

* Adjusted EPS for Q3 misses analyst expectations

Outlook

* Company did not provide specific guidance for future revenue or earnings

Result Drivers

* LEASE RENT REVENUE - Increase driven by larger portfolio size and higher utilization rates

* MAINTENANCE RESERVE REVENUE - Record high maintenance reserve revenue driven by end-of-lease maintenance reserve liability releases

* AVIATION MARKETPLACE DEMAND - Growth driven by strong demand for leasing model and maintenance capabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $183.40 $156 mln

Revenue mln (1

Analyst)

Q3 EPS Miss $3.25 $3.34 (1

Analyst)

Q3 $43.20

Pretax mln

Profit

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the business support services peer group is "buy"

* Wall Street's median 12-month price target for Willis Lease Finance Corp ( WLFC ) is $190.00, about 33.6% above its November 3 closing price of $126.13

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)