)

Air Transport Services Group (ATSG) investor relations material
Air Transport Services Group Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Fourth quarter 2024 revenue was $517 million, flat year-over-year, with GAAP EPS of $0.21 versus a loss of $0.24 in Q4 2023.
Adjusted EBITDA for Q4 rose to $162.2 million from $129.9 million, and free cash flow improved to $34.7 million from negative $65.5 million.
Full year 2024 revenue was $2.0 billion, down from $2.1 billion, with GAAP EPS of $0.40 compared to $0.82 in 2023.
Adjusted full-year EPS was $0.87, down from $1.46, and adjusted EBITDA was $549.4 million versus $561.6 million.
ATSG is being acquired by Stonepeak, with stockholder approval received and regulatory approval pending.
Financial highlights
Q4 adjusted pretax earnings were $39.8 million, up from $19.8 million; full year adjusted pretax earnings were $83.0 million, down from $146.7 million.
Q4 operating income was $41.8 million, up from $36.6 million; full year operating income was $127.8 million, down from $199.8 million.
Q4 net earnings from continuing operations were $14.7 million, compared to a loss of $15.6 million in Q4 2023.
Free cash flow for 2024 was $228.1 million, a significant turnaround from negative $111.8 million in 2023.
Segment performance
CAM leasing revenues fell 12% in Q4 and 6% for the year, with pretax earnings down 44% in Q4 and 46% for the year due to aircraft returns and lower maintenance revenue.
ACMI Services Q4 pretax earnings were $26 million, up from a $2 million loss, driven by additional customer-provided aircraft and higher rates; full year pretax earnings dropped to $1 million from $32 million due to reduced flying and higher costs.
CAM added nine 767-300 freighters in 2024, all placed with external customers; 14 CAM-owned aircraft were in or awaiting conversion at year-end.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage