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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Air Transport Services Group Inc.    ATSG

AIR TRANSPORT SERVICES GROUP INC.

(ATSG)
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Air Transport Services Group Inc. : ATSG, U.S. Postal Service, Renew Sort Center Agreements

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09/24/2012 | 04:05pm EST

Air Transport Services Group, Inc. (NASDAQ:ATSG) said today that its contracts to manage three U.S. Postal Service sort facilities in Indianapolis, Dallas and Memphis have been renewed for two more years.

Under the new agreements with ATSG business unit LGSTX Distribution Services, Inc., the Postal Service pays LGSTX a fixed amount, plus additional amounts based on the volume of mail handled. ATSG has managed the Indianapolis center since 2004 and the Memphis and Dallas facilities since 2006. Combined annual revenues from all three agreements are expected to be approximately $24 million, an increase of about 10 percent from last year.

Gary Stover, president of LGSTX, said, "Our 30 years of experience in managing hub operations for Airborne, Inc. and DHL have allowed us to develop excellent work processes, reporting systems and contingency planning. We are pleased to extend our business relationship with the Postal Service into 2014, and hope to find additional ways to support them in the future."

About ATSG

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world's largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, aircraft maintenance services and airport ground services. ATSG's subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Air Transport International, LLC; Cargo Aircraft Management, Inc.; Capital Cargo International Airlines, Inc.; and Airborne Maintenance and Engineering Services, Inc. For more information, please see www.atsginc.com.

ATSG Inc.
Quint O. Turner, Chief Financial Officer, 937-382-5591


© Business Wire 2012
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Financials ($)
Sales 2018 839 M
EBIT 2018 122 M
Net income 2018 81,0 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 23,42
P/E ratio 2019 14,71
Capi. / Sales 2018 1,75x
Capi. / Sales 2019 1,07x
Capitalization 1 471 M
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Technical analysis trends AIR TRANSPORT SERVICES GRO
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 28,9 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Joseph C. Hete President, Chief Executive Officer & Director
Randy D. Rademacher Chairman
Richard F. Corrado Chief Operating Officer
Quint O. Turner Chief Financial Officer & Head-Media Relations
Jeffrey J. Vorholt Independent Director
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