Key Developments: Air Methods Corp (AIRM.O)
34.55USD
17 May 2013
$0.10 (+0.29%)
$34.45
$34.45
$34.72
$34.25
401,920
580,243
$50.61
$28.17
Latest Key Developments (Source: Significant Developments)
Air Methods Corp Issues Q1 2013 Earnings Guidance Below Analysts' Estimates
Air Methods Corp announced that as a result of preliminary revenue results, the Company expects to report a net loss of approximately $0.14 to $0.16 per share for the first quarter of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.32 for the first quarter of 2013. Full Article
Air Methods Corp' s United Rotorcraft Division Receives $44.8 Million Contract From Sikorsky Aircraft Corporation
Air Methods Corp's United Rotorcraft Division announced it has been awarded a contract in excess of $44 million from Sikorsky Aircraft Corporation for MEDEVAC Interior Systems installed on new HH-60M BLACK HAWK helicopters. This supports Sikorsky's new Army Multi-Year-8 BLACK HAWK production contract and covers a five-year period of performance. Initial deliveries will commence in first quarter 2013 and anticipated completion is by fourth quarter 2017. Full Article
Air Methods Corp Issues FY 2013 Guidance Above Analysts' Estimates-Conference Call
Air Methods Corp announced that for fiscal 2013, its objective is to grow revenue by 10% or greater, and to grow earnings per share by 20% or greater. The Company reported revenue of $850.81 million and EPS of $2.39 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $907 million and EPS of $2.42 for fiscal 2013. Full Article
Air Methods Corp Closes Acquisition of Sundance Helicopters, Inc.
Air Methods Corp announced that it has successfully completed the acquisition of Sundance Helicopters, Inc. (Sundance), a helicopter tour operator based in Las Vegas, Nevada. Sundance is a in helicopter tour operations, focusing primarily on Grand Canyon helicopter tours, but also providing helicopter services to support fire fighting, natural resource agency operations, vertical lifts, aerial photography/motion pictures, news gathering, and aerial surveying. The terms of the transaction were not disclosed. Full Article
Air Methods Corp Enteres Into Agreements To Purchase 20 Bell 407s, 10 Eurocopter EC130s, Six Eurocopter AS350s, And Six Eurocopter EC135s
Air Methods Corp announced it has entered into agreements to purchase 20 Bell 407s, 10 Eurocopter EC130s, six Eurocopter AS350s, and six Eurocopter EC135s. These new aircraft will directly support Air Methods' commitment to maintaining a modern air medical fleet as well as future growth opportunities. Delivery of the aircraft will start in 2013 and continue into 2015. Terms of the transaction were not disclosed. Full Article
Air Methods Corp Announces Agreement to Acquire Sundance Helicopters, Inc.
Air Methods Corp announced tday that it has entered into a definitive stock purchase agreement to acquire all of the outstanding shares of capital stock of Sundance Helicopters, Inc. (Sundance), a helicopter tour operator based in Las Vegas, Nevada. Sundance is a leader in helicopter tour operations, focusing primarily on Grand Canyon helicopter tours, but also providing helicopter services to support fire fighting, natural resource agency operations, vertical lifts, aerial photography/motion pictures, news gathering, and aerial surveying. Sundance operates a fleet of 22 helicopters consisting of Eurocopter AS350s and EC130s, and has 150 employees. Air Methods will acquire Sundance for an aggregate purchase price of $44 million in cash on a debt-free basis, subject to working capital and other adjustments as provided in the stock purchase agreement. Air Methods believes this acquisition will be accretive to earnings per share. Upon closing, Sundance will become a wholly owned subsidiary of Air Methods. The transaction is contingent upon certain closing conditions described in the stock purchase agreement and the aircraft sale and purchase agreement, and the transaction is expected to close December 31, 2012. Full Article
Air Methods Corp Declares Special Cash Dividend
Air Methods Corp announced that board of directors has declared a special cash dividend of $7.00 per share (on a pre-split basis) on the Company's common stock, payable on December 28, 2012 to stockholders of record at the close of business on December 20, 2012. The Company intends to fund the special cash dividend with available cash and additional borrowings under its senior credit facility. The Company anticipates amending its senior credit facility by adding a new term loan facility of up to $100 million prior to payment of the cash dividend. Full Article
Air Methods Corp Receives Contract to Provide Services to St. Mary's Hospital CareFlight
Air Methods Corp announced that it was selected as the air medical operator and began service for St. Mary's Hospital and Regional Medical Center's CareFlight program in Grand Junction, Colorado. Under the new agreement effective November 1, 2012 Air Methods operates a Eurocopter AS350 helicopter based at the main hospital campus, and a Beechcraft King Air airplane based at Grand Junction Regional Airport. Air Methods employs the assigned pilots and mechanics and provides communications services for the program through its national Communications Center. In 1980, the St. Mary's air medical program went into service with a new Bell 206-L1 helicopter. Mr. Roy Morgan, Air Methods' founder, was the pilot who flew the first St. Mary's air medical team and Air Methods' first patient, the same day the program went into service. Full Article
Air Methods Corporation Issues Q2 2012 EPS Guidance
Air Methods Corporation announced that for the second quarter of 2012, it expects preliminary fully-diluted earnings per share (EPS) to range between $2.30 and $2.40. Full Article
Air Methods Corporation Comments On FY 2011 Earnings Guidance-Conference Call
Air Methods Corporation announced that EPS for fiscal 2010 is currently estimated to be less than a 4% reduction to prior-year earnings. Similar effects will be estimated for fiscal 2011. These estimates are pending adjustments for historical aircraft refinancing and dispositions and appropriate audit and review procedures. Full Article
BRIEF-Air Methods slumps 14 percent in extended trading
NEW YORK, April 18 - Air Methods Corp : * Shares slump 14 percent in extended trading
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
