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As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

air transport services group (ATSG) Key Developments

Air Transport Services Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Air Transport Services Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenues were $138,443,000 against $140,877,000 a year ago. Operating income was $18,287,000 against $16,610,000 a year ago. Earnings from continuing operations before income taxes were $15,640,000 against $12,496,000 a year ago, driven by a $7.0 million improvement in airline profitability compared with a year ago. Earnings from continuing operations were $9,595,000 or $0.15 per basic and diluted share against $7,799,000 or $0.12 per basic and diluted share a year ago. Net earnings were $9,907,000 or $0.15 per basic and diluted share against $7,799,000 or $0.12 per basic and diluted share a year ago. Adjusted pre-tax earnings were $15,001,000 against $12,813,000 a year ago. EBITDA from continuing operations was $45,233,000 against $39,685,000 a year ago. Adjusted EBITDA from continuing operations was $44,594,000 against $40,002,000 a year ago. For the nine months, revenues were $431,654,000 against $423,060,000 a year ago. Operating income was $50,240,000 against $47,192,000 a year ago. Earnings from continuing operations before income taxes were $40,662,000 against $37,173,000 a year ago. Earnings from continuing operations were $25,415,000 or $0.39 per diluted share against $23,215,000 or $0.36 per basic and diluted share a year ago. Net earnings were $26,149,000 or $0.40 per diluted share against $23,213,000 or $0.36 per basic and diluted share a year ago. Adjusted pre-tax earnings were $39,693,000 against $36,748,000 a year ago. EBITDA from continuing operations was $129,637,000 against $113,694,000 a year ago. Adjusted EBITDA from continuing operations was $128,668,000 against $113,269,000 a year ago. Net cash flow from operations is up 75% at $107.5 million versus $61.5 million for the first nine months of 2013. The strong increase stemmed primarily from higher earnings and lower pension contributions, which dropped from $27.6 million in the first nine months of 2013 to $6.2 million for the same period this year. Capital expenditures were $90.9 million, not including $15 million investment in West Atlantic in January. The company spent $96.8 million over the same period last year. The company provided earnings guidance for the full year of 2014. The company now expects the capex spend of about $95 million for the full year. The company now expects to finish 2014 with adjusted EBITDA of approximately $175 million.

Air Transport Services Group, Inc. to Report Q3, 2014 Results on Nov 05, 2014

Air Transport Services Group, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 05, 2014

Air Transport Services Group, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Air Transport Services Group, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Air Transport Services Group, Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-12-2014 09:00 AM

Air Transport Services Group, Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-12-2014 09:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Air Transport Services Group, Inc. Presents at Imperial Capital 8th Annual Global Opportunities Conference, Sep-18-2014 09:00 AM

Air Transport Services Group, Inc. Presents at Imperial Capital 8th Annual Global Opportunities Conference, Sep-18-2014 09:00 AM. Venue: Waldorf Astoria New York, 301 Park Avenue, New York, NY 10022, United States.

 

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