Last $8.10 USD
Change Today +0.07 / 0.87%
Volume 55.3K
ATSG On Other Exchanges
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As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

air transport services group (ATSG) Snapshot

Open
$8.10
Previous Close
$8.03
Day High
$8.13
Day Low
$8.00
52 Week High
05/12/14 - $9.57
52 Week Low
02/11/14 - $5.81
Market Cap
526.1M
Average Volume 10 Days
86.7K
EPS TTM
$0.19
Shares Outstanding
64.9M
EX-Date
--
P/E TM
43.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for AIR TRANSPORT SERVICES GROUP (ATSG)

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air transport services group (ATSG) Details

Air Transport Services Group, Inc., through its subsidiaries, provides airline operations, aircraft leasing and maintenance, and other support services primarily to the cargo transportation and package delivery industries. The company operates through two segments, ACMI Services and CAM. The ACMI Services segment provides airline operations to airlines, freight forwarders, and the U.S. Military. This segment offers aircraft, crew, maintenance, and insurance for specified cargo operations, as well as operates charter agreements. The CAM segment leases aircraft; and offers medium range and medium capacity airlift services. The company also provides support services, such as scheduled aircraft maintenance, line maintenance, and crew training services; flight simulator rental services; aircraft modification, repair, and overhaul services; facility maintenance and ground equipment rental services for aircraft support; and aircraft dispatch and flight tracking services. In addition, it is engaged in the resale and brokerage of aircraft parts; and operates mail sorting centers for the U.S Postal Service. As of December 31, 2013, the company operated a fleet of 55 aircraft, including 49 owned and 6 leased aircraft. It serves delivery companies, freight forwarders, airlines, and government customers in the United States and internationally. The company was formerly known as ABX Holdings, Inc. Air Transport Services Group, Inc. was founded in 1980 and is headquartered in Wilmington, Ohio.

1,600 Employees
Last Reported Date: 03/10/14
Founded in 1980

air transport services group (ATSG) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $535.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $302.5K
Chief Commercial Officer, President of Cargo ...
Total Annual Compensation: $259.1K
Senior Vice President, Corporate General Coun...
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

air transport services group (ATSG) Key Developments

Air Transport Services Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Air Transport Services Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net earnings of $6.733 million or $0.10 basic and diluted earnings per share on revenue of $143.593 million compared to net earnings of $8.500 million or $0.13 basic and diluted earnings per share on revenue of $143.279 million for the corresponding period last year. Operating income was $13.836 million against $16.413 million for the same period last year. Earnings from continuing operations before income taxes were $10.331 million compared to 13.592 million for the same period last year. Earnings from continuing operations were $6.522 million or $0.10 per basic and diluted share compared to earnings from continuing operations of $8.501 million or $0.13 per basic and diluted share of prior year period. Adjusted pre-tax earnings were $10.032 million against $13.302 million of prior year period. Adjusted EBITDA from continuing operations was $38.815 million against $37.333 million of prior year period. Capital expenditures were $4.4 million. Net cash flow provided by operating activities was $21.8 million, down $8.9 million. For the year 2014, the company expects adjusted EBITDA would be in a range of $165 to $170 million, excluding any results from deployments of under-utilized aircraft. Based on new-business announcements, virtually all of which commence in the second half of the year, the company has greater confidence that its Adjusted EBITDA for 2014 from all sources will meet or exceed the upper end of that guidance range, assuming improving base-business progress in 2014.

Air Transport Services Group & Cargojet Complete Agreement for Additional 767-200 Freighter Airlift

Air Transport Services Group, Inc. announced it has signed a new agreement with Cargojet, Canada's Cargo Airline, to lease two 767-200ER freighters. Cargojet currently dry-leases two Boeing 767-200 freighters from ATSG's subsidiary Cargo Aircraft Management Inc. (CAM) under long-term agreements. Cargojet has signed agreements to dry-lease an additional two Boeing 767-200 freighters from CAM, for up to three years. The first aircraft is expected to be delivered by the end of the second quarter, with the second aircraft delivering early in the third quarter.

Air Transport Services Group, Inc. Presents at Wolfe Research 7th Annual Global Transportation Conference, May-20-2014 11:00 AM

Air Transport Services Group, Inc. Presents at Wolfe Research 7th Annual Global Transportation Conference, May-20-2014 11:00 AM. Venue: The Marriott East Side Hotel, 525 Lexington Avenue, New York, New York, United States. Speakers: Joseph C. Hete, Chief Executive Officer, President, Director, Member of Executive Committee and Chief Executive Officer of ABX Air Inc.

 

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Industry Analysis

ATSG

Industry Average

Valuation ATSG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.4x
Price/Cash Flow 7.0x
TEV/Sales 0.2x
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