Air Transport Services Grp Inc Stock Price, News & Analysis

Air Transport Services Group (ATSG) has scheduled an investor conference call for May 5, 2023, at 10 a.m. Eastern time to discuss its financial results for the first quarter that ended on March 31, 2023. The earnings release will be issued on May 4, 2023, after market close. Interested participants must register via this link, available on ATSG’s website. After registration, participants will receive dial-in numbers and a Personal Identification Number (PIN). A listen-only access to the live and replay versions of the call will also be provided through a webcast on the ATSG website. ATSG is a major provider of aircraft leasing and air transportation services, owning and operating the largest fleet of converted Boeing 767 freighters.

Air Transport Services Group (Nasdaq: ATSG) reported strong financial results for 2022, achieving record revenues of $2.0 billion, up 18% from the previous year. Fourth quarter revenues were $533 million, reflecting an 11% increase. Adjusted EBITDA rose 18% to $641 million, driven by investments of nearly $600 million for future growth. Despite growth, GAAP EPS declined to $2.67, a drop of $0.66. In 2023, ATSG expects Adjusted EBITDA between $650 million and $660 million, while Adjusted EPS is projected to decrease to $1.85-$2.00 due to inflationary pressures and reduced operations. The company plans significant capital investments to support expanding leasing operations.

Air Transport Services Group (ATSG) announced an investor conference call scheduled for February 24, 2023, at 10 a.m. Eastern time. The call will review fourth quarter 2022 financial results and provide insights for 2023. The earnings release will be available on February 23, 2023, after market close. Participants must register via this link, accessible on ATSG’s website under “Investors.”

Air Transport Services Group, Inc. (Nasdaq: ATSG) has provided an operational outlook for its cargo aircraft fleet ahead of investor meetings on February 7, 2023. The company will reaffirm its full-year 2022 Adjusted EBITDA guidance from November 3, 2022. Key developments include plans to convert and deliver fourteen Boeing 767-300 freighters and six Airbus A321-200 freighters in 2023. Additionally, ATSG anticipates significant capital expenditure increases in 2023 and a transition year due to changes in leased freighter types and client schedules. CEO Rich Corrado expressed confidence in moderate EBITDA growth despite macroeconomic challenges.

Air Transport Services Group, Inc. (NASDAQ:ATSG) has announced a new share repurchase authorization allowing for the repurchase of up to $150 million of its common shares. This follows a previous buyback during October 2022, where approximately 1.6 million shares were repurchased. The Board of Directors believes that share repurchases are beneficial for shareholder interests. The authorization is flexible, permitting repurchases based on market conditions, and it can be terminated at any time.

Air Transport Services Group (ATSG) will present at the 2022 Aircraft Leasing Conference hosted by Goldman Sachs on December 1 at noon ET in New York City. Rich Corrado, ATSG CEO, will participate in a panel discussing the air cargo market and the company's resilient business model, which generates substantial cash flow from its fleet of 124 aircraft. ATSG's fleet includes 89 leased Boeing 767 freighters and supports operations for DHL and Amazon. The presentation will be available on ATSG's investor website, along with a 30-day replay.

Air Transport Services Group (ATSG) will present at the Stephens Annual Investment Conference in Nashville, Tennessee, on November 15, 2022, at 8 a.m. Central time. Rich Corrado, CEO, and Quint Turner, CFO, will discuss the company’s strong cash flow from leasing cargo aircraft to firms like Amazon and the U.S. Department of Defense. The presentation will feature a fireside chat led by analyst Jack Atkins. Interested parties can access the live webcast and replay for 30 days via ATSG's investor website.