AerCap Holdings (AER) Tops Q4 EPS by 33c; $350M Buyback Plan

AerCap Holdings (NYSE: AER) reported Q4 EPS of $2.01, $0.33 better than the analyst estimate of $1.68.

Board authorized a new $350 million share repurchase program, which will run through June 30, 2017.

Aengus Kelly, CEO of AerCap, commented: “AerCap delivered record results in the fourth quarter, finishing off a very successful year for the company. During the fourth quarter, we generated $2.01 of earnings per share and net income of $364.7 million on a reported basis. This results in full year numbers of $5.52 and $1,046.6 million, respectively. We continued to focus on proactive portfolio management initiatives which have resulted in executing over $3 billion in asset sales. This, combined with signing a record 279 lease agreements, illustrates the scale of AerCap’s platform and the expertise of its people.

For earnings history and earnings-related data on AerCap Holdings (AER) click here.

You May Also Be Interested In

• O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
• Towne Bank (TOWN) Reports In-Line Q1 EPS
• St. Joe Company (JOE) Reports Q1 EPS of $0.24