WILLIS LEASE FIN. DL-,01

Willis Lease Finance has signed a purchase agreement for three commercial properties in Coconut Creek, Florida, totaling 375,000 square feet for $118 million. The acquisition equals roughly 8% of market capitalization and is intended to serve as corporate headquarters as well as for the spare-parts business, MRO services, and engine storage. The company reports a current ratio of 1.54; closing remains subject to customary closing conditions. In the second quarter, revenue rose to $194 million, but diluted EPS of $1.31 missed expectations due to higher costs and financing expenses. » More on de.investing.com

Willis Lease Finance reported Q2 revenue of $194 million (expectation $178 million), while diluted earnings per share of $1.31 fell far short of the consensus $3.26. Adjusted EBITDA rose to $120.7 million and assets under management climbed to $4.4 billion, supported by lease income, asset sales and growing management fees. Higher financing costs, legal expenses and technical charges weighed on results, but operating momentum remained intact. » More on de.investing.com

Willis Lease has signed a five-year agreement with Pratt & Whitney for storage and lease-return services for multiple engine models, including PW1100G-JM, PW1500G, PW1900G, PW4000 and V2500. The services will be provided in Coconut Creek, Florida, and Bridgend, Wales, and are intended to cover Pratt & Whitney’s aftermarket needs. The agreement builds on an existing business relationship and confirms prior quality inspections of the Willis Engine Repair Center by Pratt & Whitney. » More on de.investing.com