Erickson Air-Crane (EAC) - NASDAQ
  • Mon, Jul. 18, 1:46 PM
    • Erickson Incorporated (NASDAQ:EAC+4.75% announced a six-month extension of its current four-year contract for government sustainment. The contract extension is valued for ~$29M and funds operations for the remainder of 2016.
    • Under the contract extension, Erickson will continue to provide airlift services for passengers and cargo.
    • "This contract further enhances our reputation as a trusted provider of aerial services in support of U.S. Government operations and initiatives," said Brian Pierson, Vice President of Global Defense and Security at Erickson.
    | Mon, Jul. 18, 1:46 PM
  • Thu, Jun. 9, 12:44 PM
    | Thu, Jun. 9, 12:44 PM
  • Wed, Jun. 8, 12:46 PM
    | Wed, Jun. 8, 12:46 PM | 1 Comment
  • Dec. 31, 2015, 12:40 PM
    | Dec. 31, 2015, 12:40 PM | 4 Comments
  • Nov. 10, 2015, 12:48 PM
    | Nov. 10, 2015, 12:48 PM | 2 Comments
  • Jun. 19, 2015, 10:10 AM
    • Erickson Air-Crane (NASDAQ:EAC) +18.4% after Imperial Capital upgraded shares to Outperform from Inline. Shares are -42% YTD due to challenging economic conditions and investor concerns regarding balance sheet liquidity.
    • With new management in place and upcoming seasonally stronger Q3 trends, firm says the going concern risk is minimal.
    • Also says EAC may be putting itself in the position to be awarded a potential sizable government or commercial contracts in the next 18-24 months.
    • Previously: Erickson Air-Crane cut to Sell at Stifel (Sep. 26, 2014)
    | Jun. 19, 2015, 10:10 AM
  • Apr. 15, 2015, 12:45 PM
    | Apr. 15, 2015, 12:45 PM | 6 Comments
  • Mar. 20, 2015, 12:45 PM
    | Mar. 20, 2015, 12:45 PM
  • Sep. 26, 2014, 12:45 PM
    | Sep. 26, 2014, 12:45 PM
  • Sep. 26, 2014, 11:57 AM
    • Erickson Air-Crane (EAC -10.7%) is downgraded to Sell from Hold at Stifel on concerns about continued losses and high debt levels.
    • The firm cites risks of largely unpredictable quarterly revenue and significant seasonal variability, continued losses, potential charges from further goodwill impairment and aircraft support parts obsolescence, high debt levels, and management's resorting to sale-leaseback of aircraft to provide additional operating cash; if the facts follow this pattern, Stifel says EAC debtholders could step in and have a larger role in controlling the company.
    | Sep. 26, 2014, 11:57 AM | 1 Comment
  • Aug. 8, 2014, 12:47 PM
    | Aug. 8, 2014, 12:47 PM
  • Jul. 2, 2014, 12:56 PM
    | Jul. 2, 2014, 12:56 PM | 2 Comments
  • Nov. 8, 2013, 12:53 PM
    | Nov. 8, 2013, 12:53 PM
  • Nov. 8, 2013, 12:08 PM
    • 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)
    | Nov. 8, 2013, 12:08 PM
  • Sep. 9, 2013, 1:27 PM
    • Erickson Air-Crane (EAC -1.6%) names Eric K. Struik as its new chief financial officer, effective immediately.
    • Mr. Struik brings nearly 20 years of experience in finance, management, and executive leadership for global organizations, most recently serving as Vice President of Finance for Remy International.
    • Outgoing CFO Chuck Ryan will continue to assist the company on a transition basis through the end of 2013.
    | Sep. 9, 2013, 1:27 PM
  • Aug. 28, 2013, 1:35 PM
    • Erickson Air-Crane (EAC +2%) wins a contract to provide Los Angeles County with aerial firefighting services and standby availability under a deal worth approximately $2.7M per year.
    • It's a three-year agreement with two optional years thereafter.
    • Currently, EAC is actively engaged in fighting the Rim fire in California, which is at present the largest wildfire in the country.
    | Aug. 28, 2013, 1:35 PM | 1 Comment
Company Description
Erickson, Inc. manufactures and operates transport category aircrane helicopters. It operates a fleet of 86 rotary-wing and fixed wing aircraft, including a fleet of 20 heavy-lift Erickson S-64 Aircranes, or Aircranes. The company's fleet supports a variety of government and commercial... More
Industry: Aerospace/Defense - Major Diversified
Country: United States