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Erickson Air-Crane Inc Maintains FY 2013 Guidance

Monday, 29 Jul 2013 04:01pm EDT 

Erickson Air-Crane Inc announced that on a pro forma basis, which assumes the acquisition of Evergreen Helicopters and associated financing had occurred on January 1, 2013, the Company maintains its guidance and expects fiscal 2013 revenues in the range of $385 million to $395 million, Adjusted EBITDA in the range of $108 million to $116 million, and earnings per share (EPS) of $1.36 to $1.58 based on assumed fully diluted shares oustanding of 13.8 million. On an as reported basis, projected fiscal 2013 revenues are in the range of $325 million to $335 million which is in line with the Company's previous guidance and an increase in projected Adjusted EBITDA in the range of $97 to $105 million. The earnings per share are projected to be in the range of $1.54 to $1.75 based on the assumed shares outstanding of 13.8 million. 

Company Quote

-0.19 -3.00%
27 Feb 2015