FTAI Aviation's Q3 Results: EBITDA Soars 77%, Revenue Tops Estimates
FTAI Aviation, the aerospace giant, has reported its third-quarter results. The company saw a significant increase in segment adjusted EBITDA, which rose by 77% year over year to $180.4 million. However, earnings per share missed the consensus estimate, and the stock fell by 6% in extended trading.
FTAI's revenue for the aerospace products segment reached $459.2 million. Despite missing earnings per share estimates, the company's total revenue of $667.1 million surpassed the $658 million estimate. Net income also saw a rise, increasing to $117 million from $86.5 million the previous year.
The company has made strategic moves, including raising its quarterly dividend to $0.35 per ordinary share and signing a definitive deal to acquire ATOPS MRE to expand its Miami operations. FTAI has also completed fundraising for its inaugural strategic capital initiative, securing $2.0 billion of equity commitments. Looking ahead, the company has increased its 2026 adjusted EBITDA guidance to $1.525 billion.
FTAI Aviation's cash and cash equivalents stood at $509.9 million, with long-term debt of $3.45 billion. The company's new CEO, Joe Adams, will face the task of maintaining this momentum and driving further growth. Despite the stock drop following the results, FTAI's strong performance in key areas suggests a positive outlook for the future.
