Q1 24 EPS
$0.31
MISS 18.42%
Est. $0.38
Q1 24 Revenue
$326.7M
BEAT +0.00%
Est. $326.7M
vs S&P Since Q1 24
+1,143.6%
BEATING MARKET
FTAI +1,188.1% vs S&P +44.5%
Market Reaction
Did FTAI Beat Earnings? Q1 2024 Results
FTAI Aviation posted a solid first quarter for 2024, reporting earnings of $0.31 per diluted share on revenues of $326.69 million, as the company's rapidly expanding Aerospace Products segment more than carried its weight. The primary engine of growt… Read more FTAI Aviation posted a solid first quarter for 2024, reporting earnings of $0.31 per diluted share on revenues of $326.69 million, as the company's rapidly expanding Aerospace Products segment more than carried its weight. The primary engine of growth was unmistakable: Aerospace Products revenue more than doubled year over year to $189.06 million, up from $85.11 million in Q1 2023, driving a 28.6% increase in adjusted EBITDA to $164.10 million. Net income attributable to shareholders rose to $31.29 million, compared to $22.61 million a year ago, even as interest expense climbed to $47.71 million reflecting a higher debt load. The quarter was not without its complications; operating cash flow turned slightly negative at roughly $345,000, weighed down by working capital headwinds, while capital expenditures on leasing equipment surged to $276.99 million, signaling aggressive fleet investment. FTAI also announced a Perpetual Power Program agreement with LATAM Airlines Group covering more than 60 engines, underscoring its deepening maintenance relationships with major airline customers.
Key Takeaways
- • Aerospace Products revenue more than doubled year-over-year to $189 million
- • Aerospace Products Adj. EBITDA reached $70 million, up 156.7% vs Q1 2023 and 28.7% sequentially vs Q4 2023
- • Maintenance revenue grew to $45.8 million from $35.1 million year-over-year
FTAI YoY Financials
Q1 2024 vs Q1 2023, 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% |