Last $12.99 USD
Change Today +0.13 / 1.01%
Volume 77.4K
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As of 8:10 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

erickson inc (EAC) Snapshot

Open
$12.90
Previous Close
$12.86
Day High
$13.19
Day Low
$12.75
52 Week High
03/4/14 - $21.94
52 Week Low
08/8/14 - $11.32
Market Cap
179.3M
Average Volume 10 Days
25.9K
EPS TTM
$0.56
Shares Outstanding
13.8M
EX-Date
--
P/E TM
23.2x
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 Announces Five-Year Firefighting Contract Renewal with City of Los Angeles

Erickson Incorporated announced a new five-year contract with the City of Los Angeles for the provision of aerial firefighting services. The new contract includes five guaranteed years of service with five optional one-year extensions thereafter, as well as a 150-day per year minimum availability, up from 90 days in 2013. The contract represents the next chapter of Erickson's 14-year presence in the Southern California region, including its fire suppression agreements with Los Angeles County and San Diego Gas and Electric. Erickson will provide one S-64 helicopter equipped with the company's proprietary 2,650-gallon fire suppression system, a detachable water tank with multiple refill options and eight coverage levels for targeted fire suppression. The Los Angeles Fire Department Air Operations Center at Van Nuys Airport will serve as the staging area for the helitanker, which will be available for fire suppression efforts at all times during the contractual service periods, which began August 7, 2014.

Erickson Incorporated Presents at Craig-Hallum Capital Group's 5th Annual Alpha Select Conference, Sep-18-2014 12:00 PM

Erickson Incorporated Presents at Craig-Hallum Capital Group's 5th Annual Alpha Select Conference, Sep-18-2014 12:00 PM. Venue: Convene Midtown East, 730 3rd Avenue, 17th Floor, New York, New York, United States.

Erickson Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment Charges; Provides Earnings Guidance for the Full Year Ended December 31, 2014

Erickson Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company has posted net revenue of $80,885,000 against $68,590,000 a year ago. Operating loss was $17,430,000 against operating profit of $4,897,000 a year ago. Adjusted EBITDA decreased to $13,800,000 as compared to $17,200,000 in the prior year period; prior year second quarter pro forma adjusted EBITDA was $19,200,000. Adjusted EBITDAR was $19,000,000 as compared to $20,500,000 in the prior year's second quarter; prior year pro forma second quarter adjusted EBITDAR was $25,200,000. Net loss attributable to company was $17.109 million or $1.24 basic and diluted per share against $1.95 million or $0.20 basic and diluted per share a year ago. Net cash used in operating activities was $26.08 million against $37.36 million a year ago. Purchases of aircraft and property, plant and equipment was $19.65 million against $16.10 million a year ago. LBITDA was $8.646 million against EBITDA of $12.45 million a year ago. For the six months, the company has posted net revenue of $155,069,000 against $105,530,000 a year ago. Operating loss was $20,253,000 against operating profit of $4,557,000 a year ago. Net loss attributable to company was $24.70 million or $1.79 basic and diluted per share against $2.79 million or $0.33 basic and diluted per share a year ago. Net cash used in operating activities was $23.59 million against $38.04 million a year ago. Purchases of aircraft and property, plant and equipment was $37.138 million against $24.63 million a year ago. LBITDA was $3.48 million against EBITDA of $17.17 million a year ago. Adjusted EBITDA was $19.58 million against $24.197 million a year ago. Adjusted EBITDAR was $29.69 million against $27.41 million a year ago. For the full year ended December 31, 2014, the company anticipates revenues in the range of $350 to $370 million, adjusted EBITDA in the range of $85 to $95 million, adjusted EBITDAR in the range of $106 to $116 million, and adjusted earnings per share of $0.35 to $0.75, based on fully diluted shares outstanding of 13.8 million. For the quarter, the company has posted impairment of goodwill of $21.27 million.

 

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