Last $27.89 USD
Change Today -0.17 / -0.61%
Volume 107.9K
ERA On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

era group inc (ERA) Snapshot

Open
$28.19
Previous Close
$28.06
Day High
$28.25
Day Low
$27.08
52 Week High
12/6/13 - $34.64
52 Week Low
04/25/13 - $22.45
Market Cap
562.9M
Average Volume 10 Days
85.4K
EPS TTM
$0.37
Shares Outstanding
20.2M
EX-Date
--
P/E TM
75.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for ERA GROUP INC (ERA)

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era group inc (ERA) Details

Era Group Inc. provides helicopter transportation services to oil and gas companies, firefighting operators, and governmental agencies. It offers helicopter services, including emergency search and rescue services; and helicopters under dry-lease, air medical services, firefighting support, Alaska flightseeing tours, and other services. The company also provides helicopters and related services to third-party operators in other countries; operates a fixed base operation at Ted Stevens Anchorage International Airport and a maintenance repair station in Lake Charles, Louisiana; engineers, manufactures, and distributes after-market helicopter parts and accessories; and instruction, flight simulator, and other training services. As of December 31, 2013, the company owned or operated a total of 165 helicopters consisting of 9 heavy helicopters, 61 medium helicopters, 36 light twin engine helicopters, and 59 light single engine helicopters. It also serves mining companies and cruise line passengers. Era Group Inc. operates in the United States, Latin America and the Caribbean, Europe, Asia, and Canada. The company was founded in 1948 and is based in Houston, Texas.

875 Employees
Last Reported Date: 03/21/14
Founded in 1948

era group inc (ERA) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.6M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $590.0K
Senior Vice President of Fleet Management
Total Annual Compensation: $262.5K
Senior Vice President of Domestic
Total Annual Compensation: $262.5K
Compensation as of Fiscal Year 2013.

era group inc (ERA) Key Developments

Cory Theriot Joins Era Group Inc. as Vice President of Safety and Quality Assurance

Era Group Inc. appointed Cory Theriot to the post of Vice President of Safety and Quality Assurance. As part of Era's senior management team, Theriot brings nearly two decades of experience in aviation safety and risk assessment to this critical position of overseeing Era's commitment to the high safety standards and practices. Most recently serving as Shell Pipeline-Downstream's Aviation Manager, Theriot spent over 13 years managing aviation contractors for Shell Oil Co.

Era Group Inc. Enters into Amended and Restated Senior Secured Revolving Credit Facility Agreement

Era Group Inc. entered into an amended and restated senior secured revolving credit facility agreement with SunTrust Robinson Humphrey Inc. and Wells Fargo Securities, LLC, as joint lead arrangers, SunTrust Bank, as administrative agent, Wells Fargo Bank, National Association, as syndication agent, SunTrust Bank, as swing line bank. The new credit agreement provides for a $300.0 million senior secured revolving credit facility that matures in March 2019. Subject to the satisfaction of certain conditions precedent and the agreement by the lenders, the new credit agreement includes an 'accordion' feature which, if exercised, will increase total commitments by up to $100.0 million. The new credit agreement is secured by a portion of the company's helicopter fleet and other tangible and intangible assets of the company and is guaranteed by the company's wholly owned U.S. subsidiaries. The company's availability under the credit facility may be limited by the terms of its 7.750% Senior Notes due 2012. Advances under the new credit agreement at the closing were used to refinance indebtedness incurred under the prior credit facility. future advances are available for acquisitions permitted there-under, to finance working capital needs and for other general corporate purposes and can be used to issue up to $50.0 million in letters of credit. Interest on advances are at the option of the company of either a base rate or LIBOR as defined plus an applicable margin. The base rate is defined as the higher of: the rate which the administrative agent announces from time to time as its prime lending rate; the federal funds rate, as defined, plus 50 basis points; and a daily LIBOR, as defined, plus 100 basis points. The applicable margin is based on the company's funded debt to EBITDA, as defined, and ranges from 75 to 200 basis points on the base rate margin and 175 to 300 basis points on the LIBOR margin. A quarterly commitment fee is payable based on the average unfunded portion of the committed amount at a rate based on the company's funded debt to EBITDA, as defined, and ranges from 37.5 to 50 basis points.

Era Group Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Financial Guidance for the Year 2014

Era Group Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported operating revenue of $75,998,000 against $70,895,000 a year ago. In the fourth quarter, higher revenues due to the EC225 heavy helicopters resuming operations, increased utilization and rates for single engine helicopters in the U.S. Gulf of Mexico and new search and rescue customers were offset by lower dry-leasing revenues, an increase in headcount and compensation expenses and losses on equity investments. Revenue was $2,464 million against $2,425 million a year ago. Operating income was $9,558,000 against $9,724,000 a year ago. Income before income tax and equity in earnings (losses) of 50% or less owned companies was $5,593,000 against $5,701,000 a year ago. Net income attributable to common shares was $1,752,000 or $0.09 per basic and diluted share against $1,436,000 or $0.06 per basic and diluted share a year ago. EBITDA was $20,014,000 against $20,700,000 a year ago. Adjusted EBITDA was $20,014,000 against $21,200,000 a year ago. Return on equity was 10.9% against 10.8% a year ago. For the nine months, the company reported operating revenue of $298,959,000 against $272,921,000 a year ago. Operating income was $46,163,000 against $32,051,000 a year ago. Income before income tax and equity in earnings (losses) of 50% or less owned companies was $29,149,000 against $20,573,000 a year ago. Net income attributable to common shares was $17,984,000 or $0.88 per basic and diluted share against net loss attributable to common shares of $682,000 or $0.03 per basic and diluted share a year ago. EBITDA was $93,051,000 against $67,285,000 a year ago. Adjusted EBITDA was $95,264,000 against $78,837,000 a year ago. The $16.4 million increase in Adjusted EBITDA in fiscal year 2013 is primarily due to the $14.7 million increase in gains on asset dispositions compared to fiscal year 2012. Return on equity was 10.3% against 9.7% a year ago. Revenue was $10,047 million against $9,730 million a year ago. This record financial performance was achieved despite the suspension of flight operations of the EC225 heavy helicopters for more than half the year, which represent almost 25% of fleet value. For the year 2014, revenue growth of 3% to 5% is expected, compared to 2013. Operating basis effective tax rate to be relatively unchanged from 2013.

 

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Industry Analysis

ERA

Industry Average

Valuation ERA Industry Range
Price/Earnings 32.0x
Price/Sales 1.8x
Price/Book 1.3x
Price/Cash Flow 8.8x
TEV/Sales 0.8x
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