Dirt cheap target: ATSG – bring the popcorn
What is to be done is simple
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WILMINGTON, OH – February 9, 2016 – Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that due primarily to better-than-expected results from its airline operations in the fourth quarter, its financial results for 2015 are likely to exceed management’s earlier guidance.
ATSG now projects that its Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) from continuing operations, adjusted for unrealized effects of interest rate derivative gains and losses, will likely be in a range of $196-200 million for 2015. That compares with Adjusted EBITDA guidance first provided last November of $190-195 million for 2015. Adjusted EBITDA from Continuing Operations for 2014 was $179.5 million.
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