ERA Group (ERA) Tops Q2 EPS by 3c

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Go back to ERA Group (ERA) Tops Q2 EPS by 3c

Era Group Inc. Reports Second Quarter 2017 Results

August 8, 2017 4:30 PM EDT

HOUSTON, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA) (the Company) today reported a net loss attributable to the Company of $2.8 million, or $0.13 per diluted share, for its second quarter ended June 30, 2017 (current quarter) on operating revenues of $57.9 million compared to net loss attributable to the Company of $5.6 million, or $0.27 per diluted share, for the quarter ended March 31, 2017 (preceding quarter) on operating revenues of $54.5 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) was $11.9 million in the current quarter compared to $7.0 million in the preceding quarter.  EBITDA adjusted to exclude gains on... More