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Jun 30, 2024

FTAI Aviation Q2 2024 Earnings Report

Reported financial results for the second quarter of 2024 and declared a dividend of $0.30 per ordinary share.

Key Takeaways

FTAI Aviation Ltd. reported its financial results for the second quarter of 2024. The company's Board of Directors declared a cash dividend of $0.30 per share for the quarter ended June 30, 2024. Aerospace Products reached a new Adjusted EBITDA high of $91.2 million for Q2.

Declared a cash dividend of $0.30 per share for Q2 2024.

Aerospace Products achieved a new Adjusted EBITDA high of $91.2 million in Q2.

Inducted 20 V2500 engines year to date and expects to induct an additional 30 by year end.

Module Factoryâ„¢ has over 50 active customers worldwide.

Total Revenue
$444M
Previous year: $274M
+61.7%
EPS
$0.85
Previous year: $0.46
+84.8%
Adjusted EBITDA
$214M
Previous year: $153M
+39.7%
Dividend per share
$0.3
Previous year: $0.3
+0.0%
Gross Profit
$152M
Previous year: $131M
+15.8%
Cash and Equivalents
$169M
Previous year: $21.1M
+702.0%
Free Cash Flow
-$188M
Previous year: $27.7M
-780.4%
Total Assets
$3.45B
Previous year: $2.53B
+36.6%

FTAI Aviation

FTAI Aviation

Forward Guidance

The company expects to induct an additional 30 V2500 engines by year end.