Erickson Air-Crane reports Q4 EPS (10c) including items, two estimates 19c Reports Q4 revenue $39.1M, consensus $38.17M. Included in quarter were $0.2M or 2c per share on an after-tax basis of expenses associated with the Air Amazonia acquisition. Additionally, the company recorded a charge of 5c per share related to its previously disclosed dispute with the Greek tax authorities.
Erickson renews second timber harvesting contract Erickson has renewed a longstanding contract for aerial timber harvesting with Vancouver-based Western Forest Products, one of the largest lumber producers in Canada. This is Erickson's second timber harvesting contract renewal this year. Last month, the company renewed a separate timber harvesting contract with Helifor in Western Canada. The renewed, 12 month contract began on February 1 and is further renewable.