AerCap Holdings (AER) Tops Q4 EPS by 24c, Approves New Buyback

AerCap Holdings (NYSE: AER) reported Q4 EPS of $1.67, $0.24 better than the analyst estimate of $1.43. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.22 billion.

Share Repurchase Program

Our Board of Directors approved a new share repurchase program authorizing total repurchases of up to $200 million of AerCap ordinary shares through June 30, 2018. Repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable U.S. federal securities laws. The timing of repurchases and the exact number of common shares to be purchased will be determined by the Company’s management, in its discretion, and will depend upon market conditions and other factors. The program will be funded using the Company’s cash on hand and cash generated from operations. The program may be suspended or discontinued at any time.

For earnings history and earnings-related data on AerCap Holdings (AER) click here.

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