Live Nasdaq Composite: Micron Lifts Market Boat Alongside Mixed Economic Signals
Q2 23 EPS
$0.46
BEAT +53.33%
Est. $0.30
Q2 23 Revenue
$274.3M
BEAT +0.00%
Est. $274.3M
vs S&P Since Q2 23
+1,272.3%
BEATING MARKET
FTAI +1,334.6% vs S&P +62.3%
Market Reaction
Did FTAI Beat Earnings? Q2 2023 Results
FTAI Aviation delivered a powerful second quarter in 2023, with revenue more than doubling to $274.35 million from $112.06 million a year earlier, as the company's expanding aviation asset strategy gained clear momentum. Earnings per diluted share ro… Read more FTAI Aviation delivered a powerful second quarter in 2023, with revenue more than doubling to $274.35 million from $112.06 million a year earlier, as the company's expanding aviation asset strategy gained clear momentum. Earnings per diluted share rose to $0.46 from $0.39 in Q2 2022, with net income attributable to shareholders climbing to $46.42 million from $11.45 million. The single biggest driver of the revenue surge was the emergence of asset sales, which contributed $101.49 million in the quarter with no comparable figure in the prior-year period, while aerospace products revenue more than doubled to $68.08 million and lease income grew to $59.54 million. Adjusted EBITDA held firm at $153.08 million, modestly above the $150.74 million recorded a year ago, even as total expenses rose sharply to $217.76 million. Shareholders' equity strengthened considerably to $90.78 million from $18.88 million at year-end 2022, reflecting the company's improving financial footing as its proprietary aerospace product portfolio continues to scale.
Key Takeaways
- • Strong asset sales revenue of $101.5 million in Q2 2023 with no comparable amount in Q2 2022
- • Aerospace products revenue more than doubled year-over-year to $68.1 million
- • Aerospace Products Adjusted EBITDA of $30.1 million at 44% overall margin
- • Generated $148.0 million positive cash flow for asset acquisition and investment activity
FTAI YoY Financials
Q2 2023 vs Q2 2022, source: SEC Filings
FTAI Revenue by Segment
With YoY comparisons, source: SEC Filings
FTAI Earnings Trends
FTAI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FTAI EPS Trend
Earnings per share: estimate vs actual
FTAI Revenue Trend
Quarterly revenue: estimate vs actual
FTAI Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.60 | $1.29 | -19.27% | $830.7M | +13.25% |
| Q4 25 MISS FY | $1.18 | $1.08 | -8.50% | $662.0M | -4.89% |
| FY Full Year | $4.77 | $4.60 | -3.61% | $2.51B | -1.62% |
| Q3 25 MISS | $1.20 | $1.10 | -8.41% | $667.1M | +1.43% |
| Q2 25 BEAT | $1.39 | $1.57 | +12.79% | $676.2M | +23.78% |
| Q1 25 BEAT | $0.88 | $0.88 | +0.48% | $502.1M | -11.56% |
| Q4 24 MISS FY | $0.87 | $0.84 | -3.85% | $498.8M | -3.52% |
| FY Full Year | $3.16 | $-0.32 | -110.13% | $1.73B | -0.32% |
| Q3 24 MISS | $0.77 | $0.76 | -1.30% | $465.8M | +10.26% |
| Q2 24 MISS | $0.32 | $-2.26 | -806.25% | $443.6M | +22.46% |
| Q1 24 MISS | $0.38 | $0.31 | -18.42% | $326.7M | +0.00% |
| Q4 23 BEAT FY | $0.44 | $1.09 | +147.73% | $312.7M | +0.00% |
| FY Full Year | — | $2.11 | — | $1.17B | — |
| Q3 23 MISS | $0.42 | $0.33 | -21.43% | $291.1M | -3.26% |
| Q2 23 BEAT | $0.30 | $0.46 | +53.33% | $274.3M | +0.00% |