CHC Posts Sixth Straight Quarter of Increased Revenue, EBITDAR in Fiscal Q1
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(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/05/12 -- CHC Helicopter achieved growth in revenue and EBITDAR during its fiscal first quarter 2013, while further implementing changes that will benefit customers and its own operating performance over the long term.
Company revenue was $416.1 million in the three months ending July 31, up 2 percent and marking the sixth straight quarter of higher year-over-year sales. Revenue would have been 8 percent higher in constant currency.
CHC reported a net loss of $32.2 million. EBITDAR - earnings before interest, taxes, depreciation, amortization and rent, and excluding aircraft leasing costs, the company's main measure of operational profitably - was $100.9 million, a 1-percent increase.
According to the company's president and chief executive officer, the first quarter was another illustration of generating better operating results even as CHC transforms itself into a distinctly different helicopter-services organization.
"Customers are extremely supportive of the changes we're making," said William Amelio. "They recognize these changes are enhancing our performance, and also help them safely go further and do more."
In Heli-One, CHC's helicopter maintenance, repair and overhaul business, sales and profitability were negatively influenced by timing of third-party business, as maintenance requirements of customers were lower in Q1 of this year.
CHC Helicopter is a leader in enabling customers to go further, do more and come home safely, including oil and gas companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services through the Heli-One division. The company is headquartered in Vancouver and operates more than 250 aircraft in about 30 countries around the world.
Non-GAAP Financial Measures:
This earnings release includes non-GAAP financial measures, segment earnings before interest, taxes, depreciation, amortization and aircraft lease rent and associated costs ("segment EBITDAR (adjusted)") referred to above as EBITDAR and earnings before interest, taxes, depreciation and amortization ("EBITDA") that are not required by, or presented in accordance with GAAP. These non-GAAP measures are not performance measures under U.S. generally accepted accounting principles and should not be considered as alternatives to net earnings (loss) or any other performance or liquidity measures derived in accordance with GAAP. In addition, these measures may not be comparable to similarly titled measures of other companies. CHC has provided a reconciliation of these non-GAAP measures to the most directly comparable GAAP measure. CHC has chosen to include segment EBITDAR (adjusted) as we consider this to be a significant indicator of our financial performance and use this measure to assist us in allocating available capital resources. We have also included EBITDA as this measure is useful to our debt holders as it is a proxy of Adjusted EBITDA, a non-GAAP measure. Adjusted EBITDA provides useful information to investors as it is a measure to calculate certain financial covenants related to our revolving credit facility and certain covenants in the indenture. CHC has provided a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure in the Quarterly Report on Form 10-Q or below and has presented a detailed discussion of its reasons for including non-GAAP financial measures and the limitations associated with those measures as part of the "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in the Quarterly Report on Form 10-Q. CHC encourages investors to review the reconciliation and the non-GAAP discussion in conjunction with our presentation of these non-GAAP financial measures.
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Datum: 05.09.2012 - 14:04 Uhr
Sprache: Deutsch
News-ID 1148434
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