ERA Group (ERA) Tops Q2 EPS by 10c

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Go back to ERA Group (ERA) Tops Q2 EPS by 10c

Era Group Inc. Reports Second Quarter 2015 Results

August 4, 2015 6:53 PM EDT

HOUSTON, TX -- (Marketwired) -- 08/04/15 -- Era Group Inc. (NYSE: ERA) today reported net income of $11.3 million, or $0.55 per diluted share, for its second quarter ended June 30, 2015 ("current quarter") on operating revenues of $70.7 million compared to net income for the quarter ended June 30, 2014 ("prior year quarter") of $5.2 million, or $0.26 per diluted share, on operating revenues of $86.6 million. Excluding a pre-tax gain of $12.9 million on the sale of the Company's fixed base operations ("FBO") business in Alaska and a one-time net deferred tax expense of $1.0 million in connection with the Sicher acquisition discussed below, current... More