Aircastle Limited (AYR) Tops Q4 EPS by 56c

Aircastle Limited (NYSE: AYR) reported Q4 EPS of $0.99, $0.56 better than the analyst estimate of $0.43. Revenue for the quarter came in at $238.3 million versus the consensus estimate of $179.3 million.

Commenting on the results, Ron Wainshal, Aircastle's CEO, stated "2014 was a year full of significant activity in which we solidified Aircastle's position as the leading value investor in the aircraft leasing industry. Aircastle's strategy is differentiated from that of our competitors, and we saw the merits of this approach in the great progress we made over the past year in growing our business and improving our financial metrics while simultaneously improving the quality of our portfolio despite a very competitive and fluid business environment."

Mr. Wainshal continued, "We plan to continue demonstrating the competitive advantages of our leading position as a value investor, supported by our world-class team, our flexible capital structure and our key long term shareholders. We are gratified and energized by the steady progress we are making. We are intent on driving further improvements in our financial performance, and I believe achieving an investment grade credit rating will bring us closer to realizing the company's full potential."

For earnings history and earnings-related data on Aircastle Limited (AYR) click here.

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