FTAI Aviation(FTAI)

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FTAI Deadline: FTAI Investors with Losses in Excess of $100K Have Opportunity to Lead FTAI Aviation Ltd. Securities Fraud Lawsuit
Prnewswire· 2025-03-02 22:42
Core Points - Rosen Law Firm is reminding investors who purchased FTAI Aviation Ltd. securities between July 23, 2024, and January 15, 2025, of the March 18, 2025, lead plaintiff deadline for a class action lawsuit [1][2] - The lawsuit claims that FTAI misrepresented its financials by reporting one-time engine sales as Maintenance Repair & Overhaul revenue, overstating sales and demand, and misleadingly lowering the reported cost of goods sold [4] Group 1 - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 18, 2025 [2] - Rosen Law Firm has a strong track record in securities class actions, having recovered hundreds of millions for investors and being ranked highly for its settlements [3] Group 2 - The lawsuit alleges that FTAI's financial misrepresentations led to investor damages when the true details became public [4] - Investors can join the class action by submitting a form or contacting the law firm directly [5][6]
FTAI Deadline Approaching on March 18, 2025: Kessler Topaz Meltzer & Check, LLP Reminds FTAI Aviation Ltd. (FTAI) Investors of Class Action Lawsuit Deadline
Prnewswire· 2025-03-01 20:42
Core Viewpoint - A securities class action lawsuit has been filed against FTAI Aviation Ltd. for allegedly making materially false and misleading statements regarding its business operations and financial performance during the Class Period from July 23, 2024, to January 15, 2025 [1]. Allegations of Misconduct - The complaint claims that FTAI misrepresented one-time engine sales as Maintenance Repair & Overhaul revenue, despite only performing limited repair and maintenance work on the sold engine assets [3]. - FTAI is accused of overstating sales and demand by presenting whole engine sales as individual module sales [3]. - The company allegedly depreciates engines not on lease, which misleads investors by lowering the reported cost of goods sold and inflating EBITDA [3]. - As a result of these practices, the positive statements made by FTAI regarding its business and prospects were deemed materially misleading [3]. Lead Plaintiff Process - Investors in FTAI have until March 18, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].
FTAI Aviation Stock Tumbles On Earnings Release
Seeking Alpha· 2025-02-28 13:45
If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.FTAI Aviation (NASDAQ: FTAI ) has experienced some turbulent weeks. I covered this extensively in a prior report . The stock rebounded nicely. However, following the fourth quarter earnings call, the stock has lost 7.6% of its value. In this report ...
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of March 18, 2025 in FTAI Aviation Lawsuit - FTAI
Prnewswire· 2025-02-28 10:45
NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in FTAI Aviation Ltd. ("FTAI Aviation" or the "Company") (NASDAQ: FTAI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of FTAI Aviation investors who were adversely affected by alleged securities fraud between July 23, 2024 and January 15, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/ftai-aviation-ltd-la ...
FTAI STOCKHOLDERS: Contact Robbins LLP for Information About the FTAI Aviation Ltd. Class Action Before the Expiration of the Lead Plaintiff Deadline
GlobeNewswire News Room· 2025-02-27 22:12
Core Viewpoint - A class action has been filed against FTAI Aviation Ltd. for allegedly misleading investors by manipulating financial statements during the period from July 23, 2024, to January 15, 2025 [1][2]. Allegations - The complaint outlines several key allegations against FTAI, including: - Reporting one-time engine sales as Maintenance Repair & Overhaul revenue despite limited repair work performed [2]. - Presenting whole engine sales as individual module sales, leading to an overstatement of sales and demand [2]. - Depreciating engines not on lease, which misleadingly lowers the reported cost of goods sold and inflates EBITDA [2]. - Positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Impact on Stock Price - Following the publication of a report by Muddy Waters Research on January 15, 2025, which accused FTAI of materially manipulating its financials, the company's stock price fell by $37.21, or 24.3%, closing at $116.08 per share [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their applications by March 18, 2025. Participation in the case is not required to be eligible for recovery [4]. Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].
FTAI Aviation(FTAI) - 2024 Q4 - Earnings Call Transcript
2025-02-27 18:31
FTAI Aviation Ltd. (NASDAQ:FTAI) Q4 2024 Earnings Conference Call February 27, 2025 8:00 AM ET Company Participants Alan Andreini – Head-Investor Relations Joe Adams – Chief Executive Officer Angela Nam – Chief Financial Officer David Moreno – Chief Operating Officer Conference Call Participants Kristine Liwag – Morgan Stanley Sheila Kahyaoglu – Jefferies Josh Sullivan – Benchmark Company Giuliano Bologna – Compass Point Brandon Oglenski – Barclays Hillary Cacanando – Deutsche Bank Ken Herbert – RBC Capital ...
Class Action Filed Against FTAI Aviation Ltd. (FTAI) Seeking Recovery for Investors – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-02-27 17:42
Core Viewpoint - A class action securities lawsuit has been filed against FTAI Aviation Ltd. alleging securities fraud that affected investors between July 23, 2024, and January 15, 2025 [1][2]. Summary by Sections Class Action Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities during the specified period [1]. - The complaint claims that FTAI Aviation misrepresented its financial performance by reporting one-time engine sales as maintenance repair and overhaul revenue, overstating sales and demand, and misleadingly lowering the reported cost of goods sold [2]. Allegations Against FTAI Aviation - The company allegedly reported one-time engine sales as maintenance revenue despite only performing limited repair work [2]. - FTAI is accused of presenting whole engine sales as individual module sales, which inflated sales figures [2]. - The company reportedly depreciates engines not on lease, which misrepresents the cost of goods sold and inflates EBITDA [2]. - Positive statements made by the company regarding its business and prospects were claimed to be materially misleading [2]. Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until March 18, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Firm Background - Levi & Korsinsky has a history of securing significant compensation for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
FTAI Aviation (FTAI) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2025-02-27 00:55
Core Viewpoint - FTAI Aviation reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, but down from $1.09 per share a year ago, indicating a 22.9% year-over-year decline in earnings [1] - The company achieved revenues of $498.82 million for the quarter, surpassing the Zacks Consensus Estimate by 3.62% and showing a significant increase from $312.74 million in the same quarter last year, representing a 59.5% year-over-year growth [2] Earnings Performance - FTAI Aviation has surpassed consensus EPS estimates two times over the last four quarters, with a recent earnings surprise of 1.20% [1][2] - The company has consistently topped consensus revenue estimates, achieving this four times in the last four quarters [2] Stock Performance - FTAI Aviation shares have declined approximately 7.7% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.17 on revenues of $481.91 million, and for the current fiscal year, it is $6.24 on revenues of $2.06 billion [7] - The aerospace and defense equipment industry, to which FTAI Aviation belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable industry outlook [8]
FTAI Aviation Ltd. (NASDAQ: FTAI) Dismisses Short-Sellers' Allegations Without Providing Rebuttal Details, Questions Remain Amid Investor Lawsuit – Hagens Berman
GlobeNewswire News Room· 2025-02-27 00:54
Core Viewpoint - FTAI Aviation Ltd. dismissed allegations from short-sellers Muddy Waters and Snowcap Research as "without merit," but did not provide detailed rebuttals, raising concerns about the transparency of its internal review process [1][2][3]. Group 1: Allegations and Responses - Muddy Waters' report, released on January 15, 2025, led to a 24% drop in FTAI's stock price and initiated an internal review [4]. - The allegations include improper classification of one-time engine sales as Maintenance, Repair & Overhaul (MRO) revenue, which Muddy Waters claims inflates revenue figures and misleads investors [5]. - Snowcap Research corroborated many of Muddy Waters' findings, describing FTAI's Aerospace segment as "in substance an elaborate fabrication" [7]. Group 2: Internal Review and Audit Committee Findings - FTAI's Audit Committee, after a review by independent advisors, concluded that the short-seller claims lacked foundation, but did not address specific allegations [2][3]. - The company announced it expects to file its Form 10-K on time, asserting that the allegations are unsupported [3]. Group 3: Legal and Investor Implications - FTAI is facing a class-action lawsuit in the Southern District of New York, alleging securities fraud based on the claims made by Muddy Waters [8]. - The lawsuit seeks to recover losses for investors who purchased FTAI securities between July 23, 2024, and January 15, 2025 [8].
FTAI Aviation(FTAI) - 2024 Q4 - Annual Results
2025-02-26 22:10
Financial Performance - Net income attributable to shareholders for Q4 2024 was $86,692,000, with basic earnings per share of $0.85 and diluted earnings per share of $0.84[2] - For the fiscal year 2024, net income attributable to shareholders in Aerospace Products was $346 million, representing a 92% year-over-year increase, and Adjusted EBITDA increased by 138% year-over-year[6] - Total revenues for Q4 2024 were $498,819,000, compared to $312,737,000 in Q4 2023, marking a significant increase[23] - The company reported total expenses of $340,610,000 for Q4 2024, up from $224,876,000 in Q4 2023[23] - Adjusted EBITDA for the year ended December 31, 2024, was $862,050, representing a 44% increase from $597,282 in 2023[28] - Net income attributable to shareholders for the year ended December 31, 2024, was $(32,079), compared to $212,022 in 2023[28] - Adjusted EBITDA for Aerospace Products was $380,636 for the year ended December 31, 2024, compared to $160,009 in 2023, marking a 138% increase[32] Dividends and Cash Flow - The company declared a cash dividend of $0.30 per ordinary share for Q4 2024, payable on March 24, 2025[3] - FTAI targets adjusted free cash flow of approximately $650 million for 2025, following significant growth investments in 2024[6] Future Projections - FTAI expects 2025 Adjusted EBITDA to be approximately $1.1 to $1.15 billion, with $500 million from Aviation Leasing and $600 to $650 million from Aerospace Products[10] - FTAI is increasing its 2026 Adjusted EBITDA guidance from $1.25 billion to approximately $1.4 billion, reflecting expected upside from the Strategic Capital Initiative[11] Assets and Liabilities - Total assets increased to $4,037,952, up 36% from $2,964,685 in 2023[25] - Total current assets rose to $1,226,018, a 83% increase from $671,434 in 2023[25] - Long-term debt increased to $3,440,478, up 37% from $2,517,343 in 2023[25] - Shareholders' equity decreased to $81,368, down 54% from $175,349 in 2023[25] - Total current liabilities increased to $347,246, up 91% from $181,843 in 2023[25] Inventory and Cash Management - Cash and cash equivalents increased to $115,116, a 27% increase from $90,756 in 2023[25] - Inventory increased significantly to $551,156, up 74% from $316,637 in 2023[25] Operational Developments - The joint venture with IAG Engine Center is expected to add capacity to maintain 450 modules (150 engines) per year, increasing FTAI's total maintenance capacity to 1,800 CFM56 modules (600 engines)[7] - FTAI's maintenance facility in Rome is expected to be fully operational within 24 months, with piece-part repair capabilities anticipated in the second half of 2025[7]