Air Transport Services Group Announces Preliminary Unaudited FY24 Revenue Of $2.07B; Q4 Revenue $517.04M
Preliminary Estimated Unaudited Financial Results for the Three Months and Year Ended December 31, 2024
Set forth below are the Company's selected preliminary estimated unaudited financial results for the three months and year ended December 31, 2024. Our preliminary estimates set forth below are forward-looking statements. The Company's preliminary estimated unaudited financial results set forth below are not a comprehensive statement of the Company's financial results for the three months and year ended December 31, 2024 and remain subject to, among other things, the completion of the Company's financial closing procedures. Therefore, any information with respect to or prepared on the basis of the Company's unaudited financial information as of and for the three months and year ended December 31, 2024 is a preliminary estimate based upon information available to the Company's management as of the date hereof and is subject to change. As a result, it is possible that the Company's actual results may differ materially from such estimates due to the completion of the Company's financial closing procedures, final adjustments and other developments that may arise between now and the time the Company finalizes its financial results for the three months and year ended December 31, 2024. The preliminary estimates for the three months and year ended December 31, 2024 are not necessarily indicative of the results to be achieved in any future period.
| For the Year Ended | ||||||||||||
| December 31, 2024 | December 31, 2023 | |||||||||||
| (Low) | (High) | |||||||||||
| (in thousands) | (estimated) (unaudited) | (actual) | ||||||||||
| Revenue | $ | 1,958,180 | $ | 1,962,180 | $ | 2,070,611 | ||||||
| Adjusted EBITDA (non-GAAP) | $ | 545,135 | $ | 551,135 | $ | 561,603 | ||||||
| For the Three Months Ended | ||||||||||||
| December 31, 2024 | December 31, 2023 | |||||||||||
| (Low) | (High) | |||||||||||
| (in thousands) | (estimated) (unaudited) | (actual) | ||||||||||
| Revenue | $ | 513,000 | $ | 517,000 | $ | 517,040 | ||||||
| Adjusted EBITDA (non-GAAP) | $ | 158,000 | $ | 164,000 | $ | 129,890 | ||||||
Revenue includes customer incentive amortization of $3,912, $8,800, $18,689 and $28,675 (in thousands) for the three months ended December 31, 2023 and December 31, 2024 and years ended December 31, 2023 and December 31, 2024,