Erickson (EAC) Misses Q1 EPS Expectations
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Erickson Reports First Quarter 2016 Financial Results
May 5, 2016 7:02 AM EDTRevenue and EBITDA down while Cash Flow from Operations improves Revenue of $46.8 million, down $19.3 million compared to first quarter 2015Adjusted EBITDA loss of $3.1 million compared to first quarter 2015 Adjusted EBITDA of $2.2 millionImprovement in operating cash flow of $6.6 million compared to first quarter 2015 Secured a credit facility amendment providing incremental liquidity and flexibilityGrowing backlog as a result of multiple contract wins in India, Peru, Alaska and with the U.S. Navy
PORTLAND, Ore., May 05, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ: EAC) (Erickson, the Company, we, us and our), a leading global... More
