Strong Earnings Growth: WLFC reported a significant increase in EPS, reaching $6.21 in Q2 2024, compared to $2.02 in the prior year, highlighting strong financial performance.
Revenue Surge: The company’s total revenue grew by 38.6%, driven by record lease rent and maintenance reserve revenues, indicating robust demand and effective asset utilization.
Strategic Acquisitions: WLFC expanded its lease portfolio with new aircraft and engine acquisitions, enhancing future revenue potential and asset base.
Operational Efficiency: Income from operations surged to $54.1 million, reflecting improved efficiency and higher asset utilization, contributing to a 205.3% increase in pre-tax income.
Shareholder Value: WLFC’s book value per share increased to $73.64, and the company declared both a regular and a special dividend, signaling confidence in continued profitability and a commitment to returning value to shareholders.
Technical
Overall bullish momentum has been maintained, positive earnings release supported bullish momentum with upward price gap,
Prices pull back and retested gap as support before setting new higher high.
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