Q3 23 EPS
$0.33
MISS 21.43%
Est. $0.42
Q3 23 Revenue
$291.1M
MISS 3.26%
Est. $300.9M
vs S&P Since Q3 23
+1,276.6%
BEATING MARKET
FTAI +1,354.6% vs S&P +78.0%
Market Reaction
Did FTAI Beat Earnings? Q3 2023 Results
FTAI Aviation delivered a sharp earnings turnaround in the third quarter of 2023, posting diluted EPS of $0.33 from continuing operations compared to a loss of $0.11 in the year-ago period, while total revenues climbed to $291.10 million from $230.37… Read more FTAI Aviation delivered a sharp earnings turnaround in the third quarter of 2023, posting diluted EPS of $0.33 from continuing operations compared to a loss of $0.11 in the year-ago period, while total revenues climbed to $291.10 million from $230.37 million a year earlier. The company swung to GAAP net income of $32.97 million, reversing a net loss of $22.85 million in Q3 2022, as its Aerospace Products segment emerged as the quarter's clearest growth engine. That business nearly doubled its revenue to $107.08 million from $53.40 million in the prior-year period, selling 41 modules to 11 customers and generating $40.60 million in Adjusted EBITDA at a 38% margin. Companywide Adjusted EBITDA reached $154.22 million, up from $108.86 million a year ago, reflecting broad operating improvement across the portfolio. FTAI also closed on 23 engines and 10 aircraft during the quarter, pushing leasing equipment on the balance sheet to $1.92 billion, while the board declared a quarterly dividend of $0.30 per ordinary share.
Key Takeaways
- • Aerospace Products revenue doubled year-over-year to $107.1 million with 38% Adjusted EBITDA margin
- • 41 modules sold in Q3 2023 to 11 unique customers including 2 new customers
- • Maintenance revenue grew significantly from $35.5 million to $63.9 million year-over-year
- • Asset sales revenue decreased from $85.5 million to $73.0 million year-over-year
FTAI YoY Financials
Q3 2023 vs Q3 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% |