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Erickson Air-Crane Inc Updates FY 2013 Guidance


Thursday, 9 May 2013 04:01pm EDT 

Erickson Air-Crane Inc updated fiscal 2103 guidance for revenues and adjusted EBITDA. The Company now expects to report fiscal 2013 revenues in the range of $325 to $335 million and it expects adjusted EBITDA for fiscal 2013 in the range of $93 to $101 million. On a pro forma basis, as if the acquisition and associated financing had occurred on January 1, 2013, the Company expects fiscal 2013 revenues in the range of $385 to $395 million and adjusted EBITDA for fiscal 2013 in the range of $108 to $116 million. The guidance provided is operational and adjusted and therefore does not include any acquisition-related expenses (including the $2.3 million incurred in the first quarter), purchase accounting adjustments, restructuring expenses, or other similar items. The Company noted that its guidance also does not yet include any effect from the planned but still pending acquisition of Air Amazonia from HRT. The guidance below does incorporate a preliminary estimate of synergies expected to be realized this year. 

Company Quote

13.86
0.27 +1.99%
4:00pm EDT