CORRECTION – Willis Lease Finance Corporation Reports Strong Third Quarter Pre-Tax Income of $34.5 million; Pre-Tax Income Up 69% as Compared to that of the Third Quarter of the Prior Period; Board Declares Recurring Quarterly Dividend of $0.25 Per Share of Common Stock
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Willis Lease Finance Corporation reported a strong third quarter with a pre-tax income of $34.5 million, marking a 69% increase compared to the previous year. The company also declared a quarterly dividend of $0.25 per share. A correction was made regarding the $48.5 million short-term maintenance revenues, which were earned in the third quarter of 2024.
November 05, 2024 | 3:30 pm
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Willis Lease Finance Corporation's Q3 pre-tax income rose by 69% to $34.5 million. The company declared a $0.25 per share dividend. A correction was made regarding the $48.5 million maintenance revenue, which was earned in Q3 2024.
The significant increase in pre-tax income and the declaration of a dividend are positive indicators for investors, likely boosting short-term stock performance. The correction clarifies revenue timing but does not negatively impact the overall positive financial results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100