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Last $3.37 USD
Change Today +0.07 / 2.12%
Volume 12.9K
EAC On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 5:20 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

erickson inc (EAC) Snapshot

Open
$3.40
Previous Close
$3.30
Day High
$3.50
Day Low
$3.37
52 Week High
10/31/14 - $15.25
52 Week Low
08/11/15 - $3.07
Market Cap
46.6M
Average Volume 10 Days
19.5K
EPS TTM
$-0.35
Shares Outstanding
13.8M
EX-Date
--
P/E TM
--
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. The company’s 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. It 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, the company leases aircrafts for specific missions. As of December 31, 2014, it operated a fleet of 86 rotary-wing and fixed wing aircraft, including a fleet of 20 heavy-lift Erickson S-64 aircranes. 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.

1,000 Employees
Last Reported Date: 03/10/15

erickson inc (EAC) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $249.0K
Vice President of Government, Defense and Sec...
Total Annual Compensation: $292.5K
Compensation as of Fiscal Year 2014.

erickson inc (EAC) Key Developments

Erickson Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Erickson Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $69.319 million against $80.885 million a year ago. Operating income was $0.158 operating loss of $17.430 million a year ago. The company benefited from year-over-year growth in its Manufacturing & MRO business and aircraft sales. These gains were outweighed by continued softness in Government Aviation and, to a lesser extent, a modest decline in Commercial Aviation. Operating income was $0.2 million as compared to the prior year loss of $17.4 million. Net loss before income taxes and noncontrolling interest was $9.548 million against $27.384 million a year ago. Net loss attributable to the company and common stockholders was $10.121 million or $0.73 per diluted share against $17.109 million or $1.24 per diluted share a year ago. Net cash used in operating activities was $3.849 million against $26.480 million a year ago. Purchases of aircraft and property, plant and equipment, net was $6.165 million against $19.655 million a year ago. EBITDA was $10.473 million against LBITDA of $8.646 million a year ago. Adjusted EBITDA was $10.346 million against $13.819 million a year ago. Adjusted EBITDAR was $14.468 million against $18.968 million a year ago. Adjusted operating income was $0.212 million against $4.619 million a year ago. Adjusted net loss attributable to the company was $6.041 million or $0.44 per diluted share against $3.719 million or $0.27 per diluted share a year ago. For the six months, the company reported total revenues of $135.481 million against $155.069 million a year ago. Operating loss was $65.005 million against $20.253 million a year ago. Net loss before income taxes and noncontrolling interest was $85.248 million against $39.479 million a year ago. Net loss attributable to the company and common stockholders was $85.091 million or $6.15 per diluted share against $24.703 million or $1.79 per diluted share a year ago. Net cash used in operating activities was $11.590 mag $23.986 million a year ago. Purchases of aircraft and property, plant and equipment, net was $11.839 million against $37.138 million a year ago. LBITDA was $46.460 million against $3.483 million a year ago. Adjusted EBITDA was $12.510 million against $19.586 million a year ago. Adjusted EBITDAR was $21.149 million against $29.694 million a year ago. Adjusted operating loss was $6.441 million against adjusted operating income of $2.587 million a year ago. Adjusted net loss attributable to the company was $15.916 million or $1.15 per diluted share against $10.838 million or $0.79 per diluted share a year ago. Operating loss was $65.005 million against $20.253 million a year ago.

Erickson Incorporated Announces Enhanced Aircrane Modifications

Erickson Incorporated announced newly designed and certified enhancements for the S-64 Aircrane to improve situational awareness for aircraft pilots. As part of a continuous improvement initiative, the company has installed and certified FAA mandated Automatic Dependent Surveillance-Broadcast (ADS-B) OUT (transmit) systems, which are ADS-B IN (receive) systems combined with GPS units with Helicopter Terrain andAwareness System (HTAWS). The HTAWS system provides flight crews with real time visual and audible information for terrain and obstacles in and around the helicopter flight plan. Erickson performed all system design, integration, testing and certification for the advanced avionics, and has selected Garmin Limited to supply the hardware for the new systems. The modification is FAA approved and certified to today's regulatory requirements, but will also be compliant with the new mandated FAA requirements that will be required by December 31, 2019. Erickson has released the first modified machine to service following successful flight testing.

Erickson Incorporated to Report Q2, 2015 Results on Aug 06, 2015

Erickson Incorporated announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Aug 06, 2015

 

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