Erickson Air-Crane, Inc. (EAC) Reports Q1 Loss of 52c, Reiterates Guidance

Erickson Air-Crane, Inc. (NASDAQ: EAC) reported Q1 EPS of ($0.52), may not compare to the analyst estimate of ($0.03). Revenue for the quarter came in at $74.2 million versus the consensus estimate of $79.44 million.

Reiteration of 2014 Guidance

The full year guidance described below is operational and adjusted to exclude any acquisition or integration related expenses, including those incurred in the first quarter.

For the full year ended December 31, 2014, the Company continues to anticipate revenues in the range of $385 to $405 million, adjusted EBITDA in the range of $100 to $110 million, adjusted EBITDAR in the range of $120 to $130 million, and earnings per share of $0.95 to $1.35, based on fully diluted shares outstanding of 13.8 million.

Mr. Rieder concluded, "Our customers continue to respond favorably to our ability to offer a comprehensive platform of heavy, medium and light lift aircraft. We are continuing to expand our business in South America and look forward to being able to announce other new contracts in the months to come as we continue to shift business out of softening markets to take advantage of growth opportunities in others. Our expanding global presence drives diversification in customers, end markets and will ultimately drive value for our customers, partners, and shareholders.”

For earnings history and earnings-related data on Erickson Air-Crane, Inc. (EAC) click here.

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