Willis Lease Finance Corporation reported record annual total revenues of $569.2 million and pre-tax income of $152.6 million for the year ended December 31, 2024. Aggregate core lease rent and maintenance reserve revenues reached an all-time high of $452.1 million, marking a 30.4% increase compared to $346.8 million in 2023.
The company's lease portfolio expanded to $2,872.3 million as of December 31, 2024, comprising 354 engines, 16 aircraft, and one marine vessel. This represents a significant increase from $2,223.4 million at the end of 2023, reflecting nearly $1 billion in engines and aircraft assets acquired during 2024.
CEO Austin C. Willis highlighted that the ability to profitably deploy nearly $1 billion in assets is a direct reflection of how the company's platform maximizes asset value. This strategic reinvestment in high-demand engines and aircraft is expected to support continued growth.
In recognition of its exceptional performance, the Board approved a $1.00 special dividend and implemented a recurring quarterly dividend of $0.25 per share. These dividend actions, totaling $10.7 million paid to shareholders during the year, underscore the company's robust financial health and its commitment to delivering shareholder value.
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