Aircastle (NYSE:AYR) reported Q4 earnings and sales that topped analysts expectations and struck a deal worth $900 million to buy eight Boeing 777-300ER aircraft from LATAM Airlines Group and then to lease them back. The buyer, leaser and seller of aircraft back to commercial airlines said adjusted net income rose to $0.68 per share from $0.52 the year earlier, coming in well ahead of the $0.32 average estimate from analysts polled by Capital IQ.
Sales rose to $192 million from $176.6 million, also beating the $172 million consensus. Unadjusted net income also rose to $48.4 million from $29.8 million. “As we enter 2014, we remain well positioned to capitalize on a robust acquisition pipeline, very attractive financial market conditions, a terrific team and operating platform and an improving demand environment for leased aircraft,” CEO Ron Wainshal said in a statement. AYR closed higher 2% on Monday.
Bloomin’ Brands (NASDAQ:BLMN) reported that Q4 earnings topped analysts’ expectations and revenue was in line, and provided guidance for its fiscal 2014. The casual dining restaurant company reported Q4 adjusted earnings of $0.27 per pro forma share, compared with the Capital IQ analyst estimate of $0.26. In the prior-year period, the company posted $0.20 per forma share. GAAP diluted earnings per share were $0.46 per share, an increase of $0.31 from the same quarter in 2012. Revenue was $1.05 billion, up 5.2% from $998.4 million in the same quarter last year. Analysts were expecting revenue of $1.048 billion.
Comparable sales for company-owned core domestic concepts increased 1.4% while traffic rose 0.3%. For fiscal 2014, the company sees total revenues to be at least $4.4 billion compared with the Street consensus of $4.52 billion; adjusted diluted EPS is expected to be at least $1.21, versus the analyst estimate of $1.28 EPS. GAAP diluted EPS is projected to be at least $1.15 EPS. Comparable sales for company-owned core domestic concepts in fiscal 2014 is expected to increase 1% – 2%.