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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Emergency services, Oct. 16 ... Since You Asked: Park resurfacing delayed during winter ... SOU training gives tips on what to do if there's an active shooter ... Emergency services, Oct. 16 ... Since You Asked: Park resurfacing delayed during winter ... SOU training gives tips on what to do if there's an active shooter ... AVIATION Erickson reports $75 million loss in 1st quarter Comment By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted May. 12, 2015 at 12:01 AM By Greg Stiles Mail Tribune Posted May. 12, 2015 at 12:01 AM » Social News A 10.8 percent revenue decline coupled with a non-cash, goodwill write-down resulted in Erickson's losses widening in the first quarter. The Portland-based firm, whose commercial aviation and maintenance, repair and overhaul operations are in Medford, reported a net loss of $75 million, or $5.42 per share, compared to $7.6 million, or 55 cents per share a year ago. Revenue for the period ending March 31 declined $8 million to $66.2 million. Erickson said the kind of work done in the Rogue Valley improved, but not to the degree oil and gas exploration and government revenue declined. The company said other contributing factors to the net loss were the write-down of $49.8 million of goodwill on its books, the revaluation of their aircraft fleet and acquisition integration and restructuring expenses. Jeff Roberts, president and CEO, told analysts during an afternoon conference call Erickson is pursuing lines of work it hasn't in the past. "We've opened the aperture there, and the opportunities in the kind of work that we're bidding on has actually increased as well since I've been here," said Roberts, who stepped into his role last month. "On our manufacturing and MRO business, as a result of the Bell 214 program, we're really starting to see some very good interest. So the good news for me is there is a lot of market out there that we can go out and chase." Erickson said its manufacturing, as well as maintenance, repair and overhaul revenue, grew to $7 million from $2.7 million. Commercial aviation services sales fell to $26.3 million from $29.9 million in 2014, driven primarily by a less intense firefighting season in Australia and Turkey. Activity in South America, with new energy customers in Peru and Ecuador, were beneficial. "I do believe that oil and gas at some point seems to have leveled out right now and hopefully it’ll be stable, come back at some point in the future," Roberts said. "When will that occur? I am not the guy to ask that question. But I am bullish long-term. I don’t believe that the world is going to quickly not need oil and gas in the future." Erickson shares rose 12 cents Monday, closing at $3.91. Reach reporter Greg Stiles at 541-776-4463 or [email protected] . Follow him on Twitter at www.twitter.com/GregMTBusiness , on Facebook at https://www.facebook.com/greg.stiles.31 , and read his blog at www.mailtribune.com/EconomicEdge By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted May. 12, 2015 at 12:01 AM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2015 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501