-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EWAFi3b/B7Y1jkeZX8fIlSTcLs2zIfFv2QTsU+Ujr4k9G2EEmE1EbEiQ1YOVF6oo PrQ1n3nZ6qMabeXaAso9Ig== 0000950134-03-007751.txt : 20030513 0000950134-03-007751.hdr.sgml : 20030513 20030513160852 ACCESSION NUMBER: 0000950134-03-007751 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030513 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PETROLEUM HELICOPTERS INC CENTRAL INDEX KEY: 0000350403 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522] IRS NUMBER: 720395707 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09827 FILM NUMBER: 03695724 BUSINESS ADDRESS: STREET 1: 2001 SE EVANGELINE THRUWAY STREET 2: - CITY: LAFAYETTE STATE: LA ZIP: 70508 BUSINESS PHONE: - MAIL ADDRESS: STREET 1: PO BOX 90808 CITY: LAFAYETTE STATE: LA ZIP: 70509 8-K 1 d05829e8vk.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) May 13, 2003 --------------------- Petroleum Helicopters, Inc. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Louisiana - -------------------------------------------------------------------------------- (State of Other Jurisdiction of Incorporation) 0-9827 72-0395707 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 2001 SE Evangeline Thruway, Lafayette, LA 70508 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (800) 235-2452 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 9. Regulation FD Disclosure (provided under Item 12) On May 13, 2003, Registrant issued a press release announcing its first quarter 2003 earnings. The Press Release is filed herewith as exhibit 99.1 and is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits Exhibit No. Description 99.1 Press Release dated May 13, 2003 announcing earnings for first quarter 2003 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Petroleum Helicopters, Inc. (Registrant) Date: May 13, 2003 By: /s/ Michael J. McCann ------------------------------------ Name: Michael J. McCann Title: Chief Financial Officer EXHIBIT INDEX
Exhibit No. Description ----------- ----------- 99.1 Press Release dated May 13, 2003 announcing earnings for first quarter 2003
EX-99.1 3 d05829exv99w1.txt PRESS RELEASE EXHIBIT 99.1 NEWS RELEASE CONTACT: Michael J. McCann CFO and Treasurer (337) 235-2452 FOR IMMEDIATE RELEASE PETROLEUM HELICOPTERS, INC. ANNOUNCES RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2003 - -------------------------------------------------------------------------------- LAFAYETTE, LA - May 13, 2003 - Petroleum Helicopters, Inc. (PHI) today reported net earnings of $0.7 million ($0.13 per diluted share) on operating revenues of $64.6 million for the three months ended March 31, 2003. For the same period of 2002, the Company reported net earnings of $2.0 million ($0.38 per diluted share) on operating revenues of $68.2 million. There was significant inclement weather encountered in the quarter ended March 31, 2003 as compared to the prior year quarter in all of our U.S. operating areas which greatly reduced flight times. Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", intend", expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the Company's SEC filings. PHI provides helicopter transportation and related services to a broad range of customers including the oil and gas industry, aeromedical programs and the third-party maintenance business. PHI Common Stock is traded in The Nasdaq SmallCap Market (symbols PHEL and PHELK). # # # Petroleum Helicopters, Inc. (Nasdaq Symbols PHEL and PHELK) released the following earnings figures for the three months ended March 31, 2003. (All figures, except per share data, are shown in thousands.)
For the Quarter Ended March 31, --------------------- 2003 2002 -------- ------- Operating revenues $ 64,607 $68,179 Gain on disposition of property and equipment 918 563 Other 133 66 -------- ------- 65,658 68,808 -------- ------- Expenses: Direct expenses 54,575 59,414 Selling, general and administrative 4,902 4,713 Interest expense 4,963 1,308 -------- ------- 64,440 65,435 -------- ------- Earnings before income taxes 1,218 3,373 Income taxes 487 1,345 -------- ------- Net earnings $ 731 $ 2,028 ======== ======= BASIC: Net earnings per common share $ 0.14 $ 0.38 ======== ======= DILUTED: Net earnings per common share $ 0.13 $ 0.38 ======== =======
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