SkyWest (SKYW) Tops Q1 Expectations on Top and Bottom Line
Get Alerts SKYW Hot Sheet
Revenue Growth %: +16.3%
Financial Fact:
Total operating revenues: 799.78M
Today's EPS Names:
CPSS, HARL, MCET, More
Join SI Premium – FREE
SkyWest (NASDAQ: SKYW) reported Q1 EPS of $0.52, $0.27 better than the analyst estimate of $0.25. Revenue for the quarter came in at $7.96 billion versus the consensus estimate of $736.25 million.
SkyWest had $442 million in cash and marketable securities at March 31, 2016, a decrease of $56 million from December 31, 2015. SkyWest made $35 million in scheduled semi-annual aircraft lease pre-payments during Q1 2016. SkyWest issued $68 million in new long-term debt during Q1 2016 to finance the three new E175s delivered during the quarter. Total debt, net of principal payments, increased by $11 million during the quarter.
In the first quarter of 2016, SkyWest made capital investments of $30 million: $12 million in equity toward the purchase of three E175 aircraft, $5 million for a related spare engine, and $13 million in other capital expenditures.
For the second quarter of 2016, SkyWest estimates capital investments of $50 million: $32 million in equity toward the purchase of eight E175 aircraft, $5 million for a related spare engine, and $13 million in other capital expenditures.
For earnings history and earnings-related data on SkyWest (SKYW) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alcoa (AA) Misses Q1 EPS by 19c
- Triumph Financial, Inc. (TFIN) Misses Q1 EPS by 20c
- Union Bankshares (UNB) Reports Q1 EPS of $0.53
Create E-mail Alert Related Categories
Earnings, Hot Earnings, Trading HaltsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!