Key Developments: Erickson Inc (EAC.OQ)

EAC.OQ on NASDAQ Stock Exchange Global Market

14.42USD
30 Jul 2014
Price Change (% chg)

$0.19 (+1.34%)
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Latest Key Developments (Source: Significant Developments)

Erickson Inc reaffirms FY 2014 guidance
Thursday, 8 May 2014 04:09pm EDT 

Erickson Inc:Continues in FY 2014 to anticipate revenues in the range of $385 to $405 million, adjusted EBITDA in the range of $100 to $110 million, adjusted EBITDAR in the range of $120 to $130 million, and earnings per share of $0.95 to $1.35.FY 2014 EBITDA of $104 million and EPS of $1.24 - Thomson Reuters I/B/E/S.  Full Article

Erickson Inc secured new contract with PLUSPETROL PERU CORPORATION SA
Monday, 7 Apr 2014 08:30am EDT 

Erickson Inc:Five-year agreement calls for Erickson.To provide one S-64 Aircrane and related support for year-round use.  Full Article

Erickson Air-Crane Inc gives FY 2014 guidance; earnings guidance below analysts' estimates
Thursday, 13 Mar 2014 04:15pm EDT 

Erickson Air-Crane Inc:Anticipates FY 2014 revenues in the range of $385 to $405 million.Anticipates FY 2014 adjusted EBITDA in the range of $100 to $110 million.Anticipates FY 2014 adjusted EBITDAR in the range of $120 to $130 million.Anticipates FY 2014 earnings per share of $0.95 to $1.35.FY 2014 revenue of $390 million, EBITDA of $116 million and EPS of $1.51 - Thomson Reuters I/B/E/S.  Full Article

Erickson Air-Crane Inc receives new contract with Hunt Oil
Thursday, 13 Mar 2014 04:01pm EDT 

Erickson Air-Crane Inc:Signs new contract with Hunt Oil Exploration and Production Company of Peru, L.L.C., Sucursal de Peru.Beginning in April, Erickson is to provide helicopter services in support of Hunt Oil's operations in Peru.Operating out of Puerto Maldonado and Cuzco, Erickson will provide a combination of S-64F and Bell 214ST helicopters and their associated services to support the construction and day-to-day operations of Hunt Oil in Peru.  Full Article

Erickson Air-Crane Inc announces first firefighting contract in turkey
Monday, 9 Dec 2013 08:30am EST 

Erickson Air-Crane Inc:Says that it has won a 10-month contract to provide firefighting services to the Istanbul Metropolitan Municipality in the country of Turkey.Says contract is for 10 months and 500 guaranteed flight hours.Says it will provide one S-64 Aircrane helicopter, equipped with the company`s proprietary, 2,650-gallon fire suppression system.  Full Article

Erickson Air-Crane Inc Issues FY 2013 Revenue And EBITDA Guidance Above Analysts' Estimates; Issues FY 2013 EPS Guidance Below Analysts' Estimates
Thursday, 7 Nov 2013 04:05pm EST 

Erickson Air-Crane Inc announced that for fiscal 2013, it expects pro forma results as follows: revenues in the range of $385 to $395 million, adjusted EBITDA in the range of $104 to $110 million, and earnings per share (EPS) of $1.00 to $1.25. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $329 million, EBITDA of $102 million and EPS of $1.73 for fiscal 2013.  Full Article

Erickson Air-Crane Inc Announces Contract Extensions with SOCAFRICA
Wednesday, 23 Oct 2013 08:35am EDT 

Erickson Air-Crane Inc announced that the option awards were made to Evergreen Helicopters, a wholly owned subsidiary of Erickson, to provide a mixed fleet of fixed and rotary wing aircraft for personnel and cargo transport for the Department of Defense in Central Africa. The total value of the two contract options, which began near the end of September, is in excess of $8 million.  Full Article

Erickson Air-Crane Inc Announces Contract To Date Supporting Australian National Aerial Firefighting Centre (NAFC)
Monday, 14 Oct 2013 08:30am EDT 

Erickson Air-Crane Incorporated (Erickson or the Company) announced that the signing of a new, multi-year aerial firefighting contract to support National Aerial Firefighting Centre (NAFC) operations in Australia. The Company noted that this was its Australian firefighting contract to date, calling for the provision of six Aircrane helicopters, with the option for additional aircraft as needed, based on fire conditions and pending aircraft availability. The contract is for three years with two optional one-year extensions, with a total value of approximately $60 million. Erickson will provide six S-64 Aircrane helicopters, 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. Initially, two Aircranes will be stationed in Victoria, two in New South Wales, one in South Australia, and one in Western Australia.  Full Article

Erickson Air-Crane Inc Announces New Two-Year Contract To Provide Medical Evacuation (“MEDEVAC”) Service and Support To US Army
Tuesday, 10 Sep 2013 08:30am EDT 

Erickson Air-Crane Incorporated announced that it had won a two-year contract to provide medical evacuation ("MEDEVAC") service and support for the United States Army at Fort Wainwright and Fort Greenly in Alaska. The award was made to Evergreen Helicopters Incorporated ("EHI"), a wholly owned subsidiary of Erickson, and has a total contract value in excess of $10 million. Task orders were awarded on September 1, 2013.  Full Article

Erickson Air-Crane Inc Appoints Eric K. Struik as New Chief Financial Officer
Monday, 9 Sep 2013 08:30am EDT 

Erickson Air-Crane Inc announced that Eric K. Struik has agreed to join the Company`s leadership team as its new Chief Financial Officer, effective September 9, 2013. The Company also announced the resignation of Chuck Ryan as Chief Financial Officer of the Company.  Full Article

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