Key Developments: Erickson Inc (EAC.OQ)

EAC.OQ on NASDAQ Stock Exchange Global Market

14.03USD
17 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Erickson Inc awarded contract extension with U.S. Navy, Military Sealift Command
Wednesday, 15 Oct 2014 02:30pm EDT 

Erickson Inc:Says it was recently awarded an option period extension with the United States Navy's Military Sealift Command (MSC).  Full Article

Erickson Inc announces five-year firefighting contract renewal with City of Los Angeles
Wednesday, 3 Sep 2014 05:00pm EDT 

Erickson Inc:Says new five-year contract with City of Los Angeles for provision of aerial firefighting services.New contract includes five guaranteed years of service with five optional one-year extensions thereafter, as well as 150-day per year minimum availability, up from 90 days in 2013.Contract represents next chapter of Erickson's 14-year presence in Southern California region, including fire suppression agreements with Los Angeles County and San Diego Gas and Electric.Erickson will provide one S-64 helicopter equipped with company's 2,650-gallon fire suppression system, detachable water tank with multiple refill options and eight coverage levels for targeted fire suppression.The Los Angeles Fire Department Air Operations Center at Van Nuys Airport will serve as staging area for the helitanker, which will be available for fire suppression efforts at all times during the contractual service periods, which began Aug. 07.  Full Article

Erickson Inc lowers FY 2014 guidance
Thursday, 7 Aug 2014 04:29pm EDT 

Erickson Inc:Anticipates FY 2014 revenues in the range of $350 to $370 million.Anticipates FY 2014 adjusted EBITDA in the range of $85 to $95 million.Anticipates FY 2014 adjusted EBITDAR in the range of $106 to $116 million.Anticipates FY 2014 adjusted earnings per share of $0.35 to $0.75.FY 2014 revenue of $391 million, EBITDA of $98 million and EPS of $1.08 - Thomson Reuters I/B/E/S.  Full Article

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

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