WILLIS LEASE FINANCE CORP — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Willis Lease reported Q3 2026 total revenue of $246.3M (up 34.3% YoY), driven by record lease rent revenue of $84.4M (+10.2%) and a large one-time $89.1M equipment sale (five aircraft, two engines to joint venture WMES). However, net income attributable to common shareholders fell to $10.2M from $22.9M YoY (−55.3%), and Adjusted EBITDA declined to $100.9M from $135.0M (−25.2%), reflecting higher spare parts costs and the impact of a prior-year $42.9M business sale gain. YTD nine-month results show net income down 35.6% to $62.6M despite 18.3% revenue growth.
Why this rating
Record top-line masks significant earnings decline (−55% Q3, −36% YTD). Large one-time equipment sale inflates revenue; core Adjusted EBITDA fell 25%. Moderate concern relative to $577M market cap; not catastrophic but signals margin pressure and non-recurring gains masking operational softness.
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