Company profile

Ticker
ACY
Exchange
CEO
Michael G. Magnusson
Employees
Incorporated in
Location
Fiscal year end
Former names
Aeromax Inc
SEC CIK
IRS number
943263974

ACY stock data

(
)

Calendar

8 Aug 19
16 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 7.16M 7.57M 6.4M 5.05M
Net income -77.6K -1.31M -3.83M -4.48M
Diluted EPS -0.05 -0.85 -2.58 -3.16
Net profit margin -1.08% -17.29% -59.94% -88.75%
Net change in cash -4.69M 6.5M -5.23M 2.39M
Cash on hand 3.36M 8.05M 1.54M 6.77M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 27.12M 35.55M 28.72M 38.53M
Net income -8.08M 7.4M 1.22M 6.44M
Diluted EPS -5.58 5.1 0.78 4.17
Net profit margin -29.80% 20.81% 4.25% 16.71%
Net change in cash -7.12M 6.46M -526.6K 880.5K
Cash on hand 1.54M 8.66M 2.19M 2.72M

Financial data from AeroCentury earnings reports

Financial report summary

?
Management Discussion
  • Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • The Company provides leasing and finance services to regional airlines worldwide. The Company is principally engaged in leasing its aircraft portfolio, primarily consisting of mid-life regional aircraft, through operating leases and finance leases to its globally diverse customer base of eleven airlines in nine countries. In addition to leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. Its operating performance is driven by the composition of its aircraft portfolio, the terms of its leases, the interest rate of its debt, as well as asset sales.
  • The Company purchased no aircraft during the second quarter of 2019. During the same period, the Company reclassified an aircraft held for lease to a sales-type finance lease receivable as a result of a lease amendment requiring the lessee to purchase the aircraft for a fixed amount at lease end and recorded a loss of $0.2 million. The Company ended the quarter with a total of fifteen aircraft held for lease, with a net book value of approximately $168 million. This represents an 8% decrease compared to the net book value of the Company’s aircraft and engines held for lease at December 31, 2018. In addition to the aircraft held for lease at quarter-end, the Company held seven aircraft subject to finance leases and held three aircraft and an engine for sale.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Bad
New words: arrearage, assign, concession, enable, entitled, fifteen, implicit, infusion, input, monitoring, nonrecurring, proportion, ready, remedy, reserve, restructure, sanctioned, scope, stay, withdrawal
Removed: anticipate, EU, freely, improvement, noncancelable, recession, Russia, Russian, worsening