Q3 24 EPS
$0.76
MISS 1.30%
Est. $0.77
Q3 24 Revenue
$465.8M
BEAT +10.26%
Est. $422.5M
vs S&P Since Q3 24
+58.8%
BEATING MARKET
FTAI +87.9% vs S&P +29.1%
Market Reaction
Did FTAI Beat Earnings? Q3 2024 Results
FTAI Aviation delivered a mixed but broadly strong third quarter, with revenue well ahead of expectations even as earnings came in just shy of estimates. The company posted revenue of $465.79 million for Q3 2024, a 58.0% jump from $291.10 million a y… Read more FTAI Aviation delivered a mixed but broadly strong third quarter, with revenue well ahead of expectations even as earnings came in just shy of estimates. The company posted revenue of $465.79 million for Q3 2024, a 58.0% jump from $291.10 million a year earlier and comfortably ahead of the $422.45 million consensus, representing a 10.26% beat. Earnings per diluted share came in at $0.76, fractionally below the $0.77 analyst estimate by 1.30%. The headline driver behind the revenue strength was a near-tripling of Aerospace Products revenue, which climbed to $303.47 million from $118.67 million in the year-ago period, fueled by the company's expanding Module Factory operations and PMA joint venture. Adjusted EBITDA grew to $232.03 million from $154.22 million, while net income attributable to shareholders more than doubled to $78.15 million versus $32.97 million in Q3 2023. The board declared a quarterly dividend of $0.30 per ordinary share, payable November 25, 2024.
Key Takeaways
- • Aerospace Products revenue more than doubled year-over-year to $303.5 million
- • Aerospace Products Adjusted EBITDA exceeded $100 million
- • Lease income grew to $65.5 million from $45.6 million year-over-year
- • Adjusted EBITDA increased to $232.0 million from $154.2 million year-over-year
FTAI YoY Financials
Q3 2024 vs Q3 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% |