ATSG - Air Transport Services Non-GAAP EPS of $0.53 misses by $0.05 revenue of $533.03M misses by $6.62M

• Air Transport Services press release ( NASDAQ: ATSG ): Q4 Non-GAAP EPS of $0.53 misses by $0.05 .
• Revenue of $533.03M (+10.5% Y/Y) misses by $6.62M .
• Adjusted EBITDA $163 million, up 5%.
• Repurchases of 2 million ATSG common shares. ATSG’s Board of Directors approved a new $150 million share repurchase authorization in November 2022. Shares repurchased in 2022, all in the fourth quarter, represented nearly 3% of the 74 million shares outstanding at the beginning of 2022.
• 2023 Outlook: ATSG expects its Adjusted EBITDA for 2023 to increase to a range of $650 million to $660 million. ATSG expects 2023 full year Adjusted EPS to decline to a range of $1.85 to $2.00, based on 2023 projections for higher interest expense and inflationary effects, as well as reduced ACMI Services operations.

For further details see: