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Dec 31, 2024
ATSG Q4 2024 Earnings Report
ATSG reported strong fourth quarter results, with continued momentum in its CAM leasing business and improved profitability in ACMI Services.
Key Takeaways
Air Transport Services Group, Inc. reported consolidated revenues of $517 million for the fourth quarter of 2024, consistent with the prior year period. The company achieved GAAP Earnings per Share (diluted) from Continuing Operations of $0.21, a significant improvement from a loss per share of ($0.24) in the prior year. Adjusted EBITDA reached $162.2 million, and Free Cash Flow was $34.7 million, a substantial increase from a negative ($65.5) million in the previous year.
Revenues remained consistent at $517 million compared to the prior year period.
GAAP Earnings per Share from Continuing Operations improved significantly to $0.21 from a loss of ($0.24) in the prior year.
Adjusted EBITDA increased to $162.2 million from $129.9 million in the prior year.
Free Cash Flow turned positive at $34.7 million, compared to negative ($65.5) million in the prior year.
Revenue by Segment
Forward Guidance
ATSG will not hold an earnings conference call or provide forward-looking guidance this quarter due to the pending acquisition by Stonepeak. The company is working to complete the transaction in the first half of 2025.
Positive Outlook
- The company is on track for closing the acquisition by Stonepeak in the first half of 2025.
- Stockholder approval for the acquisition by Stonepeak was received on February 10, 2025.
- The company anticipates opportunities in 2025, including the delivery of its first four converted A330 freighters.
- Continued momentum in the CAM leasing business, with nine converted 767-300 freighters placed with external customers.
- Improved profitability in ACMI Services, with sequential quarter improvements in both passenger and freighter hours flown.
Challenges Ahead
- No earnings conference call will be held this quarter.
- No forward-looking guidance will be provided this quarter.
- The company is working to obtain approval from the U.S. Department of Transportation for the acquisition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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