| Willis Lease Finance Corp., (WLFC:NASDAQ)
has primary businesses of the leasing of spare aircraft engines
and other aircraft equipment, the acquisition of aviation equipment
which can be dismantled and sold as spare parts and the selective
purchase and resale of aircraft engines in the aftermarket.
The Company began its leasing operations in 1988 and established
WASI (Willis Aeronautical Services, Inc.) to conduct its spare
parts resale operation in 1994. |
|
Approximate Employees: 40
FYE 12/31
|
2001
|
2000
|
1999
|
1998
|
|
Total Revenues ($000)
|
66,151
|
49,501
|
65,225
|
48,341
|
|
Net Income ($000)
|
6,944
|
7,814
|
3,283
|
9,251
|
|
Net Income Percent Change (%)
|
na
|
138.01
|
na
|
26.07
|
|
Profit Margin (%)
|
10.50
|
15.79
|
5.03
|
19.14
|
|
Shareholders Equity ($000)
|
101,581
|
95,690
|
69,538
|
65,842
|
|
Return Shareholders Equity (%)
|
7.31
|
11.24
|
4.99
|
16.94
|
|
Shareholders Equity/Share
|
11.42
|
12.58
|
9.34
|
8.82
|
|
Earnings per share
|
0.78
|
1.03
|
0.44
|
1.24
|
|
Shares Outstanding (000)
|
8,892
|
7,607
|
7,447
|
7,461
|
|
Company reported for the second quarter
ended 6/30/02 earnings of $577,000 or $0.07 per share on revenues
of $13,408,000 vs. earnings of $2,363,000 or $0.27 per share
on revenues of $19,227,000 for the same period last year.
Company reported for the six months ended
6/30/02 earnings of $1,543,000 or $0.17 per share on revenues
of $27,760,000 vs. earnings of $4,684,000 or $0.53 per share
on revenues of $36,324,000 for the same period last year.
|
COMPANY CONTACT: Monica J. Burke, Executive
Vice President and Chief Financials Officer; (415) 331-5281
ext. 274
|
|
|
