phi inc-voting (PHII) Key Developments
PHI, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015
May 7 15
PHI Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company’s operating revenues were $204.2 million, compared to $197.1 million for the three months ended March 31, 2014, an increase of $7.1 million. The increase in revenue is due primarily to an expansion of technical services provided to a third party customer under a project that the company expects to complete in the third quarter of 2015. Net earnings were $10.4 million compared to a net loss of $5.3 million for the three months ended March 31, 2014. Earnings before income taxes was $17.0 million compared to a loss before income tax of $8.5 million for the same period in 2014. Earnings per diluted share were $0.66 compared to a loss per diluted share of $0.34 for the prior year quarter. The increase in earnings before taxes for the quarter ended March 31, 2015 is principally attributable to the pre-tax charge of $29.2 million ($18.3 million after-tax) related to the early retirement of the company's 8.625% senior notes in 2014, and increased profits in the Air Medical and Technical Services segments, partially offset by decreased profits in oil & gas segment. Operating income was $23.692 million against $27.976 million a year ago.
PHI Inc. Proposes to Approve Amendment to Update its Articles of Incorporation
Apr 13 15
PHI Inc. announced that at its AGM to be held on May 5, 2015, the company has proposed to approve an amendment to update PHI’s articles of incorporation to conform them to the newly-enacted Louisiana Business Corporation Act.
PHI Inc., Annual General Meeting, May 05, 2015
Apr 13 15
PHI Inc., Annual General Meeting, May 05, 2015., at 08:00 Central Standard Time. Location: Lafayette Hilton & Towers (Willow Room), 1521 West Pinhook Road. Agenda: To elect directors; to ratify the appointment of Deloitte & Touche, LLP as PHI’s independent registered public accounting firm for the fiscal year ending December 31, 2015; to approve an amendment to update its articles of incorporation to conform them to the newly-enacted Louisiana Business Corporation Act; to approve the amended and restated company long-term incentive plan; and to consider and transact such other business as may properly be brought before the meeting or any adjournments thereof.
PHI Inc. Announces Consolidated Earnings Results for the Year Ended December 31, 2014
Feb 27 15
PHI Inc. announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported net earnings of $32.7 million or $2.08 per diluted share on operating revenues, net of $836.3 million compared to net earnings of $59 million or $3.77 per diluted share on operating revenues, net of $856.5 million reported in the same period last year. Operating income was $111.6 million against $119.3 million reported last year. Earnings before income taxes was $53.1 million against $90.1 million reported last year. The decrease of $26.2 million in net earnings is primarily attributable to the after-tax charge of $18.2 million related to the early retirement of 8.625% senior notes and the net after-tax decrease of $16.3 million in gain/losses and impairments on assets in 2014. Net earnings, as adjusted were $57.8 million or $3.69 per diluted share against 49.2 million or $3.14 per diluted share reported last year.
PHI Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 7 14
PHI Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues of $216,294,000 against $200,762,000 a year ago. Operating income was $35,123,000 against $31,817,000 a year ago. Earnings before income taxes were $28,277,000 against $24,212,000 a year ago. Net earnings were $17,249,000 against $13,777,000 a year ago. Net earnings per share diluted were $1.10 against $0.88 per share a year ago.
For nine months, the company reported operating revenues of $625,510,000 against $575,273,000 a year ago. Operating income was $92,920,000 against $93,513,000 a year ago. Earnings before income taxes were $41,464,000 against $71,467,000 a year ago. Net earnings were $25,296,000 against $42,131,000 a year ago. Net earnings per share diluted were $1.62 against $2.70 per share a year ago.