News Staff posted on March 11, 2013 16:45
Portland, Ore. - Erickson Air-Crane Incorporated, a leading operator and the manufacturer of the powerful Erickson S-64 Aircrane heavy-lift helicopter, announces financial results for the fourth quarter and full year ended December 31, 2012.
Full-Year 2012 highlights include:
Revenue increased 18.4% to $180.8 million
Flight hours increased 18.9% to 12,075 hours
Operating Income doubled to $33.4 million
Adjusted EBITDA increased 77.4% to $44.5 million
Fourth Quarter 2012 highlights include:
Revenue increased 27.2% to $39.1 million
Flight hours increased 14.6% to 1,766 hours
Operating Income increased $5.1 million to $1.5 million
Adjusted EBITDA increased $6.2 million to $4.5 million