ATSG - Air Transport Services GAAP EPS of $0.61 beats by $0.11 revenue of $509.67M beats by $4.13M

• Air Transport Services press release ( NASDAQ: ATSG ): Q2 GAAP EPS of $0.61 beats by $0.11 .
• Revenue of $509.67M (+24.3% Y/Y) beats by $4.13M .
• Adjusted Pretax Earnings of $67 million, up 80%
• Also, Adjusted Free Cash Flow* of $72 million, versus $123 million for the year ago quarter, reflecting higher customer receivables.
• Adjusted EBITDA of $158 million, up 23%.
• Outlook: ATSG continues to project a record $640 million in Adjusted EBITDA for 2022, up nearly $100 million from 2021
• The company has raised its capital spending projection for 2022 by $35 million to $625 million, including $205 million in sustaining capex and $420 million for growth.

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