- Erickson Air-Crane (EAC -15.4%) plummets after the company's Q3 results miss on both lines.
- 58% growth on the top-line is attributed largely to acquisitions (Evergreen).
- Legacy business revenues fell during the quarter, EAC says.
- Adjusted EBITDA: +24% to $47.4M.
- "Our softer than expected financial performance reflects a lighter North American firefighting season, a timing shift of contract activity in our South American oil and gas business and penalties for the Evergreen Helicopters fleet," CEO Udo Rieder says.
- Cash and available credit (revolver) as of September 30 were $5.3M and $11.3M, respectively.
- FY13 outlook (pro forma to include acquisitions): EPS of $1-1.25 (versus previous guidance of $1.36-1.58) on revenue of $385-395M. As reported: Adjusted EPS of $1.20-1.50 (versus previous guidance of $1.54-1.75) on sales of $310-320M (versus previous guidance of $325-335M). (PR)
Check out Seeking Alpha’s new Earnings Center
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Benzinga.com (Jan 8, 2015)
at CNBC.com (May 14, 2013)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs