Willis Lease Finance (WLFC) Reports Q4 Loss of $0.03

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Go back to Willis Lease Finance (WLFC) Reports Q4 Loss of $0.03

Willis Lease Finance Reports Net Profit of $7.2 Million, or $0.89 Per Share in 2014

March 11, 2015 9:00 AM EDT

NOVATO, Calif., March 11, 2015 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (Nasdaq: WLFC), the premier independent jet engine lessor in the commercial finance sector, today reported 2014 net income of $7.2 million, or $0.89 per diluted share, compared to net income of $15.6 million, or $1.89 per diluted share, in 2013. After-tax income for 2013 included a one-time $8.6 million tax benefit. On record annual sales of $174.3 million, pre-tax earnings from operations increased 35.2% to $10.5 million in 2014 from $7.8 million a year ago and income before income taxes increased 4.8% to $11.8 million in 2014 from $11.3 million a year ago.

In the fourth quarter of 2014, Willis... More