FTAI Stock Climbs Higher Despite Missing on EPS, Revenue

FTAI Aviation Ltd. (NASDAQ:FTAI) shares are trading higher Thursday despite the company missing estimates for earnings per share and revenue in its third-quarter results. The company also announced a $500 million accelerated share repurchase and doubled its buyback authorization.

• FTAI shares are powering higher. Why is FTAI stock surging?

FTAI Misses on EPS and Revenue; Net Income Rises 26.8% QoQ

FTAI reported third-quarter earnings per share of $1.43, missing the consensus estimate of $1.54. It reported revenue of $977.657 million, missing the consensus estimate of $994.199 million. Net income attributable to shareholders rose 26.8% from the second quarter to $149.1 million, and adjusted EBITDA rose 14.8% to $348.3 million. Aerospace Products revenue rose 76% from a year earlier to $910.0 million, with adjusted EBITDA up 57% to $282.4 million, for a 31% margin. FTAI produced 311 CFM56 modules in the quarter, up 50%, and 877 so far this year toward its 2026 outlook of 1,200.

"FTAI delivered another strong quarter," said Joe Adams, chairman and CEO of FTAI.

FTAI Announces $500M Accelerated Share Repurchase; Doubles Authorization to $1B

FTAI’s board approved a $500 million increase to its share repurchase program on Oct. 27, bringing the total authorization to $1.0 billion. FTAI intends to enter an accelerated share repurchase agreement with Royal Bank of Canada to repurchase $500 million of its ordinary shares, and expects to complete the transaction in the fourth quarter. It has already repurchased about $80 million of shares since the program was authorized in September, at a weighted average price of $178.73, including $50 million in the third quarter. About $420 million will remain available after the accelerated repurchase. FTAI also declared a quarterly dividend of 50 cents per share, payable Nov. 23 to holders of record on Nov. 10.

FTAI Reaffirms Its 2026 and 2027 Adjusted EBITDA Guidance

FTAI reaffirmed its 2026 and 2027 adjusted EBITDA guidance across all business lines. In August, it introduced 2027 segment guidance totaling $2.3 billion, made up of $1.4 billion from Aerospace Products, $450 million from FTAI Power and $450 million from Aviation Leasing. Its Power unit said more than 100 units are under contract for delivery in 2027 and 2028, and its Mod-1 completed critical testing milestones ahead of first deliveries next year.

FTAI Shares Trade Higher

FTAI Price Action: At the time of publication, FTAI shares are trading 8.31% higher at $181.02, according to data from Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.