OverviewSuggest Edit

Willis Lease Finance Corporation is a leasing company specializing in commercial aircraft engines. The Company operates through two business segments, such as Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment involves acquiring and leasing commercial aircraft, aircraft engines and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment. The Spare Parts Sales segment involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components, and leasing of engines destined for disassembly and sale of parts. The Company's business activities also include equipment leasing and spare parts sales.
TypePublic
Founded1985
HQNovato, US
Websitewillislease.com
Employee Ratings1

Latest Updates

Employees (est.) (Dec 2018)175(+13%)
Revenue (FY, 2018)$87 M(-68%)
Share Price (May 2019)$53.5 (+2%)

Key People/Management at Willis Lease Finance

Charles F. Willis

Charles F. Willis

Chief Executive Officer & Chairman
Brian R. Hole

Brian R. Hole

President
Scott B. Flaherty

Scott B. Flaherty

Senior Vice President & Chief Financial Officer
Dean M. Poulakidas

Dean M. Poulakidas

Senior Vice President & General Counsel
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Willis Lease Finance Office Locations

Willis Lease Finance has offices in Novato and San Diego
Novato, US (HQ)
773 San Marin Dr #2215
San Diego, US
6495 Marindustry Pl
Show all (2)

Willis Lease Finance Financials and Metrics

Willis Lease Finance Revenue

Willis Lease Finance's revenue was reported to be $87.01 m in FY, 2018
USD

Revenue (FY, 2018)

87.0m

Net income (FY, 2018)

43.2m

Market capitalization (22-May-2019)

314.3m

Closing stock price (22-May-2019)

53.5

Cash (31-Dec-2018)

11.7m
Willis Lease Finance's current market capitalization is $314.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

158.4m174.3m199.6m207.3m274.8m87.0m

Revenue growth, %

10%15%(72%)

General and administrative expense

42.7m47.8m55.7m72.0m

Operating expense total

186.6m185.1m246.0m295.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

43.2m57.8m50.6m49.6m51.5m77.9m67.8m65.9m63.9m74.3m

General and administrative expense

9.1m11.7m11.8m10.7m12.3m13.2m13.1m14.3m15.6m16.8m

Operating expense total

44.3m53.6m44.1m43.9m45.6m65.4m58.8m60.6m55.0m63.0m

Interest expense

9.9m9.8m10.0m10.4m10.2m11.3m14.2m13.6m15.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

12.8m13.5m9.7m10.1m7.1m11.7m

Accounts Receivable

Inventories

3.3m

Total Assets

1.2b1.3b1.3b1.3b1.6b1.9b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

4.0m15.6m12.4m10.8m15.6m16.2m9.2m12.7m21.1m10.7m11.9m11.3m7.9m12.7m8.9m

Inventories

3.3m14.0m

Total Assets

1.1b1.2b1.2b1.2b1.3b1.3b1.3b1.3b1.3b1.3b1.3b1.4b1.4b1.7b1.8b

Accounts Payable

12.9m18.9m19.6m20.9m12.6m19.7m18.9m23.1m19.2m15.7m22.2m24.5m20.9m36.8m28.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

15.6m7.2m7.4m14.1m62.2m43.2m

Depreciation and Amortization

58.7m65.4m69.6m66.3m66.0m76.8m

Inventories

Accounts Payable

(23.0k)(1.9m)1.7m2.3m1.1m12.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

9.1m4.3m6.5m7.5m2.3m1.8m4.4m3.8m7.4m11.4m8.2m6.0m19.4m7.1m15.4m

Depreciation and Amortization

43.6m15.7m31.4m48.2m17.7m35.4m52.5m16.6m32.6m49.2m16.6m16.0m48.8m17.4m35.7m

Inventories

(350.0k)(11.2m)

Accounts Payable

(1.2m)1.7m2.6m5.3m(917.0k)(3.5m)(7.7m)(282.0k)(2.3m)(1.7m)3.8m8.1m(687.0k)(484.0k)3.3m
USDY, 2018

Revenue/Employee

497.2k

Financial Leverage

6.7 x
Show all financial metrics

Willis Lease Finance Online and Social Media Presence

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Willis Lease Finance News and Updates

Willis Lease Finance Corporation Reports Record Quarterly Pre-tax Profit of $27.8 million

COCONUT CREEK, Fla., May 06, 2019 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported pre-tax profit of $27.8 million and total revenues of $103.8 million in the first quarter of 2019. The Company’s first quarter 2019 pre-tax results were driven by continued revenue …

Willis Lease Finance Corporation Reports Record Annual Pre-tax Profit of $56.3 Million

COCONUT CREEK, Fla., March 13, 2019 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported a record annual pre-tax profit of $56.3 million, from $36.0 million in 2017, including record total revenues of $348.3 million. The Company’s 2018 pretax results were driven by co…

Willis Lease Finance Closes Ten Aircraft Sale and Leaseback with easyJet Airline

COCONUT CREEK, Fla., Jan. 08, 2019 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today announced the closing of a sale and leaseback transaction on ten Airbus A319 aircraft with easyJet Airline. The aircraft are powered by CFM56-5B engines. The deal combines elements from acr…

Willis Lease Finance Frequently Asked Questions

  • When was Willis Lease Finance founded?

    Willis Lease Finance was founded in 1985.

  • Who are Willis Lease Finance key executives?

    Willis Lease Finance's key executives are Charles F. Willis, Brian R. Hole and Scott B. Flaherty.

  • How many employees does Willis Lease Finance have?

    Willis Lease Finance has 175 employees.

  • What is Willis Lease Finance revenue?

    Latest Willis Lease Finance annual revenue is $87 m.

  • What is Willis Lease Finance revenue per employee?

    Latest Willis Lease Finance revenue per employee is $497.2 k.

  • Who are Willis Lease Finance competitors?

    Competitors of Willis Lease Finance include Amerco, American Shipping Company and GATX.

  • Where is Willis Lease Finance headquarters?

    Willis Lease Finance headquarters is located at 773 San Marin Dr #2215, Novato.

  • Where are Willis Lease Finance offices?

    Willis Lease Finance has offices in Novato and San Diego.

  • How many offices does Willis Lease Finance have?

    Willis Lease Finance has 2 offices.