FTAI Aviation Ltd - Class A

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.