Air Methods (AIRM) Tops Q1 EPS by 11c

Air Methods (NASDAQ: AIRM) reported Q1 EPS of $0.50, $0.11 better than the analyst estimate of $0.39. Revenue for the quarter came in at $269.4 million versus the consensus estimate of $268.72 million.

Aaron Todd, CEO of Air Methods, stated, “We are pleased with our first quarter results, which would have been in-line with the pre-released range were it not for an adjustment to the value of equity put options related to our redeemable non-controlling interests described below. In the Company’s air medical segment, same-base transports increased 3.1% and maintenance expense moderated from last year’s elevated levels, while lower fuel costs continue to be a tailwind for both our air medical and tourism divisions. Additionally, the Tri-State Care Flight (TSCF) acquisition is performing well. It contributed $15.3 million in revenue and $4.4 million of pre-tax income in the first quarter despite being included for only a partial period. We remain optimistic about our future and have continued to repurchase shares in the first and second quarters of 2016.”

For earnings history and earnings-related data on Air Methods (AIRM) click here.

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