Willis Lease Q3 revenue up 34% to $246.3 million; net income falls 55%
Willis Lease Finance reported third quarter 2026 results with total revenue of $246.3 million, up 34.3%, driven largely by $89.1 million of equipment sales, including five aircraft sold to a joint venture. Net income attributable to common shareholders fell 55.3% to $10.2 million, and diluted earnings per share were $0.47 versus $1.08 a year earlier, so higher sales did not translate into higher profit for shareholders.
Key points
- Total revenue was $246.3 million for the quarter, up 34.3%, with equipment sales of $89.1 million versus none a year earlier.
- Net income attributable to common shareholders was $10.2 million, down from $22.9 million; diluted EPS was $0.47 versus $1.08.
- Adjusted EBITDA was approximately $100.9 million versus $135.0 million in the prior-year quarter.
- Long-term maintenance revenue fell to $2.6 million from $29.5 million, and short-term maintenance revenue fell to $36.8 million from $46.6 million.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.