Last $8.35 USD
Change Today +0.22 / 2.71%
Volume 49.2K
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As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

erickson inc (EAC) Snapshot

Open
$8.18
Previous Close
$8.13
Day High
$8.40
Day Low
$8.14
52 Week High
03/4/14 - $21.94
52 Week Low
12/17/14 - $7.88
Market Cap
115.3M
Average Volume 10 Days
30.9K
EPS TTM
$0.65
Shares Outstanding
13.8M
EX-Date
--
P/E TM
12.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for ERICKSON INC (EAC)

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erickson inc (EAC) Details

Erickson Incorporated provides aviation services to commercial and government customers. As of December 31, 2013, the company operated a fleet of 90 rotary-wing and fixed wing aircrafts, including a fleet of 20 heavy-lift Erickson S-64 aircranes. Its fleet supports a range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction, and crewing. The company also manufactures aircranes and related components; and provides other aftermarket support services, as well as maintenance, repair, and overhaul services for the aircrane and other aircraft. In addition, it leases aircrafts for specific missions. The company was formerly known as Erickson Air-Crane Incorporated and changed its name to Erickson Incorporated in April 2014. Erickson Incorporated is headquartered in Portland, Oregon.

1,200 Employees
Last Reported Date: 03/14/14

erickson inc (EAC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $463.3K
Chief Financial Officer
Total Annual Compensation: $179.3K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $276.7K
Vice President of Government, Defense and Sec...
Total Annual Compensation: $292.5K
Vice President of Global Sales & Marketing
Total Annual Compensation: $94.9K
Compensation as of Fiscal Year 2013.

erickson inc (EAC) Key Developments

Erickson Incorporated Presents at 6th Annual Aerospace & Industrials 1-1 Conference, Dec-11-2014

Erickson Incorporated Presents at 6th Annual Aerospace & Industrials 1-1 Conference, Dec-11-2014 . Venue: Boston Harbor Hotel, 60 Rowes Wharf, Boston, MA 02110, United States.

Earth Alive Clean Technologies Obtains Final and Official Canadian Registration for Microbial Fertilizer Technology

Earth Alive Clean Technologies announced that its patented Microbial Soil Activator has been officially registered by the Canadian Food Inspection Agency (CFIA). Earth Alive's patented Soil Activator technology improves crop yields by increasing the root's nutrient uptake by making already existing, and added, soil minerals and nutrients more available to the plants. It promotes plant health and stimulates its growth at all levels.

Erickson Incorporated Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Full Year Ending December 31, 2014

Erickson Incorporated reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenue of $118.3 million against $120.2 million last year. Revenue for the quarter ended September 30, 2014 was essentially flat compared to prior year, with growth in the company's South American oil and gas business and firefighting offset by lower revenues from defense and security related services. Operating income increased by 15.8% to $38.5 million as compared to the prior year level of $33.3 million. Adjusted operating income, which excludes acquisition, integration and restructuring expenses, increased by 10.2% to $39.4 million, as compared to adjusted operating income of $35.8 million in the prior year period. Net income before income taxes and noncontrolling interest was $28.7 million against $23.7 million last year. Net income attributable to Erickson Incorporated and common stockholders in the third quarter of 2014 increased by 16.1% to $16.9 million, or $1.22 per basic and diluted share, compared to $14.5 million, or $1.05 per diluted share, in the prior year period. Adjusted net income attributable to Erickson Incorporated increased by 8.6% to $17.4 million, or $1.26 per basic and diluted share as compared to $16.0 million or $1.16 per diluted share in the prior year. Net cash provided by operating activities was $32.8 million against $12.2 million last year. Purchases of aircraft and property, plant and equipment, net was $15.6 million against $7.7 million last year. Third quarter adjusted EBITDA increased to $50.0 million as compared to $47.7 million in the prior year period. Adjusted EBITDAR was $55.1 million in the third quarter of 2014 as compared to $53.1 million in the prior year's third quarter. For the nine months, the company reported net revenue of $273.4 million against $225.8 million last year. Operating income was $18.3 million as compared to $37.8 million last year. Net loss before income taxes and noncontrolling interest was $10.8 million against net income before income taxes and noncontrolling interest of $18.7 million last year. Net loss attributable to Erickson Incorporated and common stockholders was $7.8 million, or $0.57 per basic and diluted share, compared to net income attributable to Erickson Incorporated and common stockholders of $11.4 million, or $1.02 per diluted share, in the prior year period. Net cash provided by operating activities was $9.2 million against net cash used in operating activities of $25.8 million last year. Purchases of aircraft and property, plant and equipment, net was $52.7 million against $32.4 million last year. Adjusted EBITDA was $69.6 million as compared to $71.9 million in the prior year period. Adjusted EBITDAR was $84.8 million as compared to $80.5 million last year. Adjusted operating income was $42.0 million, as compared to adjusted operating income of $46.6 million in the prior year period. Adjusted net income attributable to Erickson Incorporated was $6.6 million or $0.48 per basic and diluted share as compared to $16.6 million or $1.49 per diluted share in the prior year. The full year of 2014 guidance is operational and adjusted to exclude any acquisition or integration related expenses, including those incurred for the year to date ended September 30, 2014. For the full year ending December 31, 2014, the company now anticipates completing the year towards the lower end of its previously issued guidance range inclusive of revenues in the range of $350 million to $370 million; EBITDA in the range of $85 to $95 million; adjusted EBITDAR in the range of $106 million to $116 million, and adjusted earnings per share of $0.35 to $0.75, based on fully diluted shares outstanding of 13.8 million.

 

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