Last $58.66 USD
Change Today +0.14 / 0.24%
Volume 142.9K
AIRM On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

air methods corp (AIRM) Snapshot

Open
$58.48
Previous Close
$58.52
Day High
$58.91
Day Low
$57.82
52 Week High
08/8/14 - $60.74
52 Week Low
09/10/13 - $39.78
Market Cap
2.3B
Average Volume 10 Days
278.2K
EPS TTM
$2.34
Shares Outstanding
39.2M
EX-Date
12/18/12
P/E TM
25.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for AIR METHODS CORP (AIRM)

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air methods corp (AIRM) Details

Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company operates in the Air Medical Services (AMS), Tourism, and United Rotorcraft (UR) segments. The AMS segment provides air medical transportation services to the general population as an independent service, as well as to hospitals and other institutions under exclusive operating agreements. Its services include medical care, aircraft operation and maintenance, 24-hour communications and dispatch, and medical billing and collections. As of December 31, 2013, this segment’s aircraft fleet consisted of approximately 264 company-owned aircraft and 136 leased aircraft. The Tourism segment provides aerial tours and charter flights, primarily focusing on Grand Canyon and Hawaiian Island tours. This segment markets its tours through Websites, as well as through various agencies, such as online booking companies, hotels, resorts, and cruise operators. It operates 48 helicopters under two Part 135 Air Carrier Certificates. The UR segment designs, manufactures, installs, and certifies modular medical interiors, multi-mission interiors, and other aerospace and medical transport products for domestic and international customers. It also offers quality assurance and certification services. The company was founded in 1982 and is headquartered in Englewood, Colorado.

4,055 Employees
Last Reported Date: 03/3/14
Founded in 1982

air methods corp (AIRM) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $749.6K
Chief Financial Officer and Treasurer
Total Annual Compensation: $401.6K
President of Domestic Air Medical Services
Total Annual Compensation: $446.0K
Chief Legal Officer, Senior Vice President, C...
Total Annual Compensation: $326.9K
Chief Accounting Officer and Controller
Total Annual Compensation: $427.2K
Compensation as of Fiscal Year 2013.

air methods corp (AIRM) Key Developments

Air Methods Mulls Acquisitions

Air Methods Corp. (NasdaqGS:AIRM) plans acquisitions. "We would look to expand the tourism business through additional acquisitions and organic growth," Chief Executive Officer of the company, Aaron Todd said.

Air Methods Corp. Announces Executive Changes

Air Methods Corporation announced that David Richardson has been appointed as senior vice president of eastern air medical services. Richardson will succeed Ed Rupert who is retiring after serving the health care industry for more than 40 years. Prior to joining Air Methods, Richardson worked at the DaVita Healthcare Partners Inc. as division vice president of operations. Ed Rupert will remain engaged with Air Methods as a consultant working on special projects.

Air Methods Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Preliminary Flight Volume Results for the Month Ended July 2014; Provides Earnings Guidance for the Second Half 2014; Plans to Open Additional 2 Greenfield Bases by the End of the Year 2014

Air Methods Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenue was $258,471,000 against $226,205,000 a year ago. Operating income was $52,772,000 against $36,432,000 a year ago. Net income was $28,924,000 against $19,149,000 a year ago. Net income attributable to Air Methods Corporation and subsidiaries was $28,790,000 or $0.73 diluted per share against $19,149,000 or $0.49 diluted per share a year ago. Income before income taxes was $47,495,000 against $31,583,000 a year ago. Capital expenditures were $30.5 million. Earnings before interest, income taxes, depreciation and amortization, were $74.1 million against $56.4 million a year ago. For the six months, the company's total revenue was $481,607,000 against $405,434,000 a year ago. Operating income was $76,689,000 against $31,574,000 a year ago. Net income was $39,976,000 against $13,460,000 a year ago. Net income attributable to Air Methods Corporation and subsidiaries was $39,679,000 or $1.01 diluted per share against $13,460,000 or $0.34 diluted per share a year ago. Income before income taxes was $65,857,000 against $22,210,000 a year ago. Net cash provided by operating activities was $73,395,000 against $50,741,000 a year ago. Acquisition of property and equipment was $65,909,000 against $17,310,000 a year ago. The company provided an update on preliminary July 2014 flight volume. Total community-based transports increased 13% to 5,489 during July 2014, compared with 4,838 in July 2013. July 2014 Same-Base Transports increased by 158 transports, or 3%, while weather cancellations decreased by 546 transports compared with July 2013. The company expects to open additional 2 greenfield bases by the end of the year 2014. The company announced 13% growth in July community-based patient flight volumes reflects a strong start to the third quarter as well. The company also anticipate continued growth in net revenue per transport based on improving payer mix trends experienced in recent months, compared with earlier winter months. The company feel these factors justify continued optimism for the second half of 2014.

 

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Industry Analysis

AIRM

Industry Average

Valuation AIRM Industry Range
Price/Earnings 26.6x
Price/Sales 2.4x
Price/Book 5.6x
Price/Cash Flow 13.6x
TEV/Sales 1.7x
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