Q4 23 EPS
$1.09
BEAT +147.73%
Est. $0.44
Q4 23 Revenue
$312.7M
BEAT +0.00%
Est. $312.7M
vs S&P Since Q4 23
+1,177.0%
BEATING MARKET
FTAI +1,221.6% vs S&P +44.6%
Full Year 2023 Results
FY 23 EPS
$2.11
FY 23 Revenue
$1.17B
Market Reaction
Did FTAI Beat Earnings? Q4 2023 Results
FTAI Aviation closed out 2023 with a standout fourth quarter, posting diluted EPS of $1.09 and revenue of $312.74 million, up from $274.29 million in the year-ago period, as the company's Aerospace Products segment emerged as the clearest engine of g… Read more FTAI Aviation closed out 2023 with a standout fourth quarter, posting diluted EPS of $1.09 and revenue of $312.74 million, up from $274.29 million in the year-ago period, as the company's Aerospace Products segment emerged as the clearest engine of growth. Net income attributable to shareholders surged to $110.03 million from $20.01 million a year earlier, aided in part by a $67.39 million income tax benefit that padded the bottom line. Adjusted EBITDA reached $162.33 million for the quarter, compared to $123.54 million in Q4 2022, reflecting strong operational momentum. The Aerospace Products segment alone contributed $55.00 million in quarterly Adjusted EBITDA, with FTAI selling 61 modules to 17 customers during the period, including six new relationships. The results capped a transformative full year, in which revenues climbed to $1.17 billion from $708.41 million and the company swung to a net income of $243.82 million after posting a net loss of $212.03 million in 2022.
Key Takeaways
- • Aerospace Products segment Adjusted EBITDA more than doubled year-over-year to $160 million in 2023
- • Sold 178 modules to 30 customers in 2023, up from prior year
- • Significant income tax benefit of $67.4 million in Q4 2023
- • Strong gains on sale of assets contributing to other income
FTAI YoY Financials
Q4 2023 vs Q4 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% |