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Sep 30, 2022
ATSG Q3 2022 Earnings Report
ATSG reported strong third quarter results driven by top-line growth, increased freighter leases, and reaffirmed adjusted EBITDA guidance.
Key Takeaways
Air Transport Services Group (ATSG) reported an 11% increase in revenues to $517 million for the third quarter of 2022, compared to the third quarter of 2021. GAAP earnings were $50 million, or $0.68 per share. Adjusted Earnings Per Share increased to $0.60, and Adjusted EBITDA increased to $163 million.
Revenues increased by 11% compared to the previous year.
GAAP Earnings were $50 million, or $0.68 per share.
Adjusted Earnings Per Share increased three cents per share to $0.60.
Adjusted EBITDA increased by $10 million to $163 million.
ATSG
ATSG
ATSG Revenue by Segment
Revenue by Segment
Cargo Aircraft Management Revenue
CapyFin.comACMI Services Revenue
CapyFin.comOther Activities Revenue
CapyFin.com Forward Guidance
ATSG expects its Adjusted EBITDA for 2022 to meet or exceed $640 million, up nearly $100 million from 2021.
Positive Outlook
- Delivery of the last three of eight dry leases of 767-300 newly converted freighters CAM will complete this year.
- Addition of the last three of seven customer-provided 767 freighters that our airlines will operate under CMI arrangements.
- Achieving projected levels of peak-season flying.
- Demand for express-package network assets and flight operations remains strong.
- Anticipate growth in ATSG’s cash flow through the current economic cycle and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income