Bristow Group Inc. 

Bristow Group, Inc. provides offshore oil and gas transportation, and search and rescue and aircraft support services to government and civil organizations. The company’s services include global SAR, helicopter sales, maintenance and modifications, training, oil & gas, and unmanned aircraft system solutions. Its global fleet supports operations in the North Sea, Nigeria and the U.S. Gulf of Mexico, as well as in the other offshore oil and gas producing regions of the world, including Australia, Brazil, Canada, Guyana and Trinidad. Bristow Group was founded in 1955 and is headquartered in Houston, TX.

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Bristow Group Exceeds Q1 Estimates, Anticipates Offshore Energy Growth

VTOL's Q1 2023 performance exceeded estimates, affirming full-year guidance. While facing challenges with decreased operating revenues and increased expenses, the company remains focused on safety and anticipates growth opportunities in offshore energy spending and government services.

Bristow Group Inc. reports strong Q2 earnings and secures key contracts

Bristow Group Inc. demonstrated robust financial performance in Q2 2023, with positive EBITDA growth and strong cash flow generation.
The company's focus on safety, secured contracts, and financial stability underpin its growth trajectory and market positioning.
While challenges like operational efficiency and market dynamics persist, Bristow's opportunities for growth and profitability are substantial.

Bristow Group reports robust Q3 earnings, eyes growth in offshore markets

Bristow Group's Q3 performance reflects strong financial growth, with raised guidance and a focus on safety and efficiency.
Despite challenges like supply chain issues and seasonality affecting short-term outlook, the company remains optimistic about future growth.
Strategic strengths in partnerships, market opportunities, and client-centric solutions position Bristow Group for continued success and expansion.
Navigating challenges while capitalizing on growth opportunities will be key for Bristow Group's sustainable financial performance and market leadership.

Bristow Group anticipates EBITDA growth in 2024 despite challenges

Bristow Group's Q4 2023 Earnings Call highlighted achievements in 2023, financial outlook for 2024, and strategic initiatives for fleet enhancement. Despite challenges, the company remains focused on capitalizing on growth opportunities and maintaining financial resilience.

Bristow Group Inc. reports solid Q1 performance and growth outlook

Bristow Group Inc. delivered a strong Q1 performance with a focus on safety and global presence.
Challenges include operational factors, spare parts delays, and negotiation complexities.
Opportunities lie in expected EBITDA growth, contract renewals, and AAM partnerships.
Capital allocation strategy aims for balance sheet strength and shareholder returns.

Bristow Group Inc. reports strong Q3 performance and raises guidance

Bristow Group Inc. delivered a strong performance in Q3 2024, with increased revenues and improved guidance for the full year.
Management's focus on safety, positive industry fundamentals, and strategic capital allocation position the company for growth.
While facing challenges from rising expenses, the company is optimistic about growth opportunities in key segments and aims for sustained profitability.

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Bristow Group, Inc. engages in the provision of aviation services to offshore energy companies and government entities. The company’s services include personnel transportation, search and rescue (SAR), medevac, fixed wing transportation, unmanned systems, and ad-hoc helicopter services. It operates through the following segments: Offshore Energy Services, Government Services, Fixed Wing Services, and Other Services. Bristow Group was founded in 1955 and is headquartered in Houston, TX.

Leading helicopter services provider Bristow Group reported mixed Q3/2024 results, with profitability impacted by temporarily higher operating expenses and revenues falling slightly short of expectations. On the flip side, cash flow from operating activities reached new multi-year highs and management raised full-year expectations for a second consecutive quarter. With the majority of growth capex soon behind the company, I would expect Bristow to start returning capital to the shareholder in the second half of next year.

Bristow Group: Shareholder Capital Returns Coming Into Sight, Buy

Bristow and Leonardo have finalized a long-term support package extending into the next decade for the AW139 and AW189 helicopter fleets, providing enhanced maintenance and operations efficiency. A new AW139 full flight simulator will be introduced in Aberdeen, Scotland beginning in 2026, strengthening training capabilities alongside the existing AW189 simulator.

Bristow and Leonardo Finalize Long-Term Support and Training Agreements for AW139 and AW189 Helicopters

Bristow Group, Inc. (NYSE:VTOL ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Red Tilahun - Senior Manager, IR Chris Bradshaw - President & CEO Jennifer Whalen - SVP & CFO Conference Call Participants Chris Lee - Evercore Josh Sullivan - The Benchmark Company Steve Silver - Argus Operator Good day, everyone, and welcome to Bristol Group Reports Third Quarter 2024 Earnings Call. [Operator Instructions].

Bristow Group, Inc. (VTOL) Q3 2024 Earnings Call Transcript

HOUSTON , Nov. 5, 2024 /PRNewswire/ -- Total revenues of $365.1 million in Q3 2024 compared to $359.7 million in Q2 2024 Net income of $28.2 million, or $0.95 per diluted share, in Q3 2024 compared to net income of $28.2 million, or $0.96 per diluted share, in Q2 2024 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains (losses) was $60.2 million in Q3 2024 compared to $71.3 million in Q2 2024(1) Increases 2024 Adjusted EBITDA outlook range to $220 - $230 million Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $28.2 million, or $0.95 per diluted share, for its quarter ended September 30, 2024 (the "Current Quarter") on operating revenues of $356.4 million compared to net income attributable to the Company of $28.2 million, or $0.96 per diluted share, for the quarter ended June 30, 2024 (the "Preceding Quarter") on operating revenues of $352.5 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $63.9 million in the Current Quarter compared to $63.7 million in the Preceding Quarter.

Bristow Group Reports Third Quarter 2024 Results and Raises 2024 Full-Year Outlook

HOUSTON , Oct. 28, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its third quarter 2024 financial results after market close on Tuesday, November 5, 2024. In connection with the release, Bristow has scheduled a conference call for Wednesday, November 6, 2024, to begin at 10:00 a.m.

Bristow Group Announces Third Quarter 2024 Earnings Call

HOUSTON , Sept. 18, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced its President and Chief Executive Officer, Chris Bradshaw, will participate in a fireside chat discussion at the conference on Tuesday, September 24, 2024, at 9:20 a.m.

Bristow Group to Present at the 32nd Annual Deutsche Bank Leveraged Finance Conference

HOUSTON , Aug. 29, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will attend the Barclays 38th Annual CEO Energy-Power Conference on Tuesday, September 3, 2024. Bristow's President and Chief Executive Officer, Chris Bradshaw, and Senior Vice President and Chief Financial Officer, Jennifer Whalen, are scheduled to participate in investor meetings throughout the day.

Bristow Group to Participate at the Barclays 38th Annual CEO Energy-Power Conference

HOUSTON , Aug. 29, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced its President and Chief Executive Officer, Chris Bradshaw, will participate in a fireside chat discussion with James West, the head of Evercore ISI's Oil Service, Equipment & Drilling research team on Wednesday, September 4, 2024, at 11 a.m. Eastern Time.

Bristow Group to Participate in a Fireside Chat with Evercore ISI

Leading helicopter services provider Bristow Group reported strong Q2/2024 results, with both top- and bottom line results outperforming expectations. With the core offshore energy services segment expected to further improve profitability, the company raised its outlook for both 2024 and 2025. On the conference call, management hinted to the possibility of shareholder capital returns in the form of buybacks and/or dividends starting in the second half of 2025.

Bristow Group: Buy On Strong Q2 Results And Raised Outlook

Bristow Group Inc. (NYSE:VTOL ) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Red Tilahun - Senior Manager of IR Chris Bradshaw - President and CEO Jennifer Whalen - SVP and CFO Conference Call Participants Josh Sullivan - The Benchmark Company Chris Lee - Evercore ISI Steve Silver - Argus Patrick Fitzgerald - Baird Josh Jayne - Daniel Energy Partners Operator Good day, everyone, and welcome to Bristow Group Reports Second Quarter 2024 Investor Call. Today's call is being recorded.

Bristow Group Inc. (VTOL) Q2 2024 Earnings Call Transcript

HOUSTON , Aug. 6, 2024 /PRNewswire/ --  Total revenues of $359.7 million in Q2 2024 compared to $337.1 million in Q1 2024 Net income of $28.2 million, or $0.96 per diluted share, in Q2 2024 compared to net income of $6.6 million, or $0.23 per diluted share, in Q1 2024 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange losses was $71.3 million in Q2 2024 compared to $47.5 million in Q1 2024(1) Increases 2024 Adjusted EBITDA outlook range to $210 million - $230 million and 2025 outlook to $230 million - $260 million Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $28.2 million, or $0.96 per diluted share, for its quarter ended June 30, 2024 (the "Current Quarter") on operating revenues of $352.5 million compared to net income attributable to the Company of $6.6 million, or $0.23 per diluted share, for the quarter ended March 31, 2024 (the "Preceding Quarter") on operating revenues of $329.4 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $63.7 million in the Current Quarter compared to $35.8 million in the Preceding Quarter.

Bristow Group Reports Second Quarter 2024 Results and Raises Outlook

HOUSTON , July 29, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its second quarter 2024 financial results after market close on Tuesday, August 6, 2024. In connection with the release, Bristow has scheduled a conference call for Wednesday, August 7, 2024, to begin at 10 a.m.

Bristow Group Announces Second Quarter 2024 Earnings Call

HOUSTON , June 12, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) announced today that Bristow Leasing Limited, a UK subsidiary, has entered into a new Export Development Guarantee term-loan facility for an aggregate amount of up to €100 million with National Westminster Bank Plc ("NatWest") as the original lender and UK Export Finance guaranteeing 80% of the facility (the "UKEF Debt"). The proceeds from the financing will be used to support Bristow's capital commitments related to the next generation of search and rescue ("SAR") operations in Ireland.

Bristow Enters into Government-Backed Equipment Financing for up to €100 Million

HOUSTON , June 11, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will present at the 2024 J.P. Morgan Energy, Power & Renewables Conference on Tuesday, June 18, 2024.

Bristow Group to Present at the 2024 J.P. Morgan Energy, Power & Renewables Conference

Rescued 523 people during 2,596 missions by our UK Search and Rescue (SAR) team Achieved compliance with internationally recognized benchmarks for sustainability reporting by adhering to Global Reporting Initiative (GRI) standards Continued success in Advanced Air Mobility (AAM) initiatives Completed ISO 27001 certification in two key regions with plans to extend globally Bolstered commitment to protecting human rights by implementing a new Human Rights Framework and management system HOUSTON , May 15, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) announced today the release of its third annual Sustainability Report, which underscores Bristow's ongoing commitment to responsible growth and sustainable practices, as well as aligning with internationally recognized frameworks and standards to offer stakeholders a transparent view of the Company's efforts. "Our core mission remains focused on providing exceptional service and maintaining the safety standards our customers have trusted for over 75 years," said Bristow President and CEO Chris Bradshaw.

Bristow Unveils Sustainability Achievements in Latest Report

Bristow Group Inc. (NYSE:VTOL ) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Redeate Tilahun - Senior Manager of IR and Financial Reporting Christopher Bradshaw - President and CEO Jennifer Whalen - SVP and CFO Conference Call Participants James West - Evercore Joshua Sullivan - Benchmark Company Eddie Kim - Barclays David Smith - Pickering Energy Partners Xin Yu - Deutsche Bank Steven Silver - Argus Research Operator Good day, everyone, and welcome to Bristow Group Reports First Quarter 2024 Investor Call. Today's call is being recorded.

Bristow Group Inc. (VTOL) Q1 2024 Earnings Call Transcript

HOUSTON , May 7, 2024 /PRNewswire/ -- Total revenues of $337.1 million in Q1 2024 compared to $337.9 million in Q4 2023 Net income of $6.6 million, or $0.23 per diluted share, in Q1 2024 compared to net loss of $7.9 million, or $0.28 per diluted share, in Q4 2023 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains (losses) was $47.5 million in Q1 2024 compared to $46.0 million in Q4 2023(1) Affirmed 2024 outlook, issued 2025 financial outlook and set 2026 targets Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company")  today reported net income attributable to the Company of $6.6 million, or $0.23 per diluted share, for its quarter ended March 31, 2024 (the "Current Quarter") on operating revenues of $329.4 million compared to net loss attributable to the Company of $7.9 million, or $0.28 per diluted share, for the quarter ended December 31, 2023 (the "Preceding Quarter") on operating revenues of $329.6 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $35.8 million in the Current Quarter compared to $41.8 million in the Preceding Quarter.

Bristow Group Reports First Quarter 2024 Results and Issues New Financial Outlook

HOUSTON , April 25, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its first quarter 2024 financial results and selected financial outlook for 2025 and 2026 after market close on Tuesday, May 7, 2024. In connection with the release, Bristow has scheduled a conference call for Wednesday, May 8, 2024, to begin at 10 a.m.

Bristow Group Announces First Quarter 2024 Investor Call

Bristow Group Inc. (NYSE:VTOL ) Q4 2023 Earnings Conference Call March 6, 2024 9:00 AM ET Company Participants Red Tilahun - Senior Manager of IR and Financial Reporting Christopher Bradshaw - President and CEO Jennifer Whalen - SVP and CFO Conference Call Participants Josh Sullivan - The Benchmark Company Steve Silver - Argus Research Operator Good day, everyone, and welcome to the Bristow Group Reports Fourth Quarter and Full Year 2023 Earnings Conference Call. Today's call is being recorded.

Bristow Group Inc. (VTOL) Q4 2023 Earnings Call Transcript

Achieves 2023 Increased Outlook and Affirms 2024 Outlook HOUSTON , March 5, 2024 /PRNewswire/ --  Total revenues of $337.9 million in Q4 2023 compared to $338.1 million in Q3 2023 Net loss of $7.9 million, or $0.28 per diluted share, in Q4 2023 compared to net income of $4.3 million, or $0.15 per diluted share, in Q3 2023 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains (losses) was $46.0 million in Q4 2023 compared to $56.6 million in Q3 2023 Full year 2023 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains (losses) was $170.5 million compared to the upwardly revised 2023E outlook of $170.0 million Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $7.9 million, or $0.28 per diluted share, for its quarter ended December 31, 2023 (the "Current Quarter") on operating revenues of $329.6 million compared to net income attributable to the Company of $4.3 million, or $0.15 per diluted share, for the quarter ended September 30, 2023 (the "Preceding Quarter") on operating revenues of $330.3 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $41.8 million in the Current Quarter compared to $54.9 million in the Preceding Quarter.

Bristow Group Reports Fourth Quarter and Full Year 2023 Results

Bristow's strategic fleet expansion will drive EBITDA growth at attractive returns Bristow's order for 10 new AW189 helicopters underscores the Company's commitment to customer-focused and financially sound operations The new aircraft will offer added flexibility as well as superior operational and environmental performance, including lower CO2 emissions than comparable aircraft types The aircraft deliveries will occur over a three-year period from 2025-2028 HOUSTON , Feb. 28, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, announced today that it has signed an agreement with Leonardo for 10 AW189 super medium helicopters plus options to purchase an additional 10 AW189 helicopters. The new AW189 helicopters will support offshore transport as well as search and rescue (SAR) missions.

Bristow Upgrades Fleet with New AW189 Helicopters to Meet Customer Demand and Boost Profitability

HOUSTON , Feb. 27, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its fourth quarter and full year 2023 financial results after market close on Tuesday, March 5, 2024. In connection with the release, Bristow has scheduled a conference call for Wednesday, March 6, 2024, to begin at 9 a.m.

Bristow Group Announces Fourth Quarter and Full Year 2023 Earnings Release Call

RIYADH, Saudi Arabia and HOUSTON , Feb. 27, 2024 /PRNewswire/ -- The Helicopter and Jet Company (THC), Saudi Arabia's premier provider of commercial helicopter services and fully owned by the Public Investment Fund (PIF), today announced the signing of a Memorandum of Understanding (MOU) with Bristow Arabia Aircraft & Maintenance Services, a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions. The two companies plan to work together on advanced air mobility (AAM) initiatives in the Kingdom of Saudi Arabia as well as other collaborative vertical lift endeavors.

Bristow and The Helicopter Company Form Strategic Partnership to Explore Advanced Air Mobility Opportunities

Bristow granted Air Operators Certificate following detailed assessment by Irish Aviation Authority Certificate award is next step towards seamless transition to a new, innovative Coast Guard search and rescue aviation service for Ireland DUBLIN , Feb. 7, 2024 /PRNewswire/ -- Bristow Ireland Limited, a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, has received its Air Operator Certificate (AOC) from the Irish Aviation Authority (IAA), marking a significant step towards the next generation of Coast Guard search and rescue aviation services in Ireland. "Gaining an AOC is a fundamental requirement to provide search and rescue in Ireland," said Neil Ebberson, Bristow Director Government Services.

Bristow Takes Significant Step Towards Next Generation of Coast Guard Search and Rescue Aviation Services in Ireland

VTOL plans to add to its fleet size in 2024 and has secured long-term contracts with the U.K. and Irish coast guards. The company has growth opportunities in Brazil, West Africa, and the Gulf of Mexico, but faces challenges with supply chain continuity. Despite facing headwinds, VTOL's management expects revenue and adjusted EBITDA growth in FY2023 and FY2024, and the stock is relatively undervalued.

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