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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HOUSTON , Sept. 26, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, will present at the 31st Annual Deutsche Bank Leveraged Finance Conference on Tuesday, October 3, 2023.

Bristow Group to Present at the 31st Annual Deutsche Bank Leveraged Finance Conference

Bristow places firm order for two Volocopter VoloCity eVTOL aircraft with an option to purchase an additional 78 aircraft Bristow and Volocopter will explore eVTOL passenger and cargo transport services in the U.S. and U.K. HOUSTON and BRUCHSAL, Germany , Sept. 7, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, and Volocopter, the pioneer of Urban Air Mobility (UAM), have signed an agreement to explore and develop passenger and cargo services for electric vertical takeoff and landing (eVTOL) aircraft in the U.S. and U.K. As part of this collaboration, Bristow has placed a firm order for two VoloCity aircraft to be delivered after certification with an option to purchase a further 78 vehicles in the future.

Bristow and Volocopter to Bring UAM Services to U.S. and U.K.

Bristow secured early delivery positions via deposit and will receive some of the first commercially certified Elroy Air Chaparral aircraft off the production line The Chaparral will carry 300 pounds (136 kg) of cargo over a 300-mile (482 km) range with its hybrid-electric powertrain and simple, redundant vertical and forward-flight propulsors Bristow plans to use the Chaparral internationally to move time-sensitive cargo for logistics, healthcare, and energy applications Bristow has pre-ordered up to 100 Chaparral aircraft SAN FRANCISCO and HOUSTON , Sept. 5, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of innovative and sustainable vertical flight solutions, has reserved early delivery slots for five of Elroy Air's vertical take-off and landing (VTOL) cargo systems, the Chaparral.

Bristow Secures Early Delivery Positions for Five Elroy Air Chaparral Aircraft

HOUSTON , Aug. 30, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, will present at the 2023 Barclays CEO Energy-Power Conference on Wednesday, September 6, 2023. Bristow's Senior Vice President and Chief Financial Officer Jennifer Whalen and Senior Vice President, Key Accounts Samantha Willenbacher are scheduled to present on Wednesday, September 6, 2023, at 3:35 p.m.

Bristow Group to Present at the 2023 Barclays CEO Energy-Power Conference

Bristow Ireland Limited signs contract with Irish Department of Transport to deliver search and rescue (SAR) aviation services on behalf of the Irish Coast Guard Bristow will operate six specialised SAR-configured AW189 helicopters from dedicated bases in Sligo, Shannon, Waterford, and Dublin Weston In addition to the helicopter service, the new Coast Guard aviation service will, for the first time, also include a fixed-wing aircraft service The 10-year contract includes options to extend the contract an additional three years DUBLIN , Aug. 22, 2023 /PRNewswire/ -- Bristow Ireland Limited, a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, has signed a contract with the Irish Department of Transport for the provision of rotary and fixed-wing aviation services for the Irish Coast Guard. Bristow will begin transitioning to the new contract in the fourth quarter of 2024.

BRISTOW IRELAND LIMITED SIGNS NEW SAR CONTRACT WITH IRISH DEPARTMENT OF TRANSPORT

Bristow Group Inc. (NYSE:VTOL ) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Red Tilahun - Investor Relations Chris Bradshaw - President and Chief Executive Officer Jennifer Whalen - Senior Vice President and Chief Financial Officer Conference Call Participants Josh Sullivan - The Benchmark Company Chris Lee - Evercore ISI Steve Silver - Argus Research Operator Good day, everyone and welcome to today's Bristow's Second Quarter 2023 Conference Call. [Operator Instructions] Please note this call may be recorded.

Bristow Group Inc. (VTOL) Q2 2023 Earnings Call Transcript

Total revenues of $319.4 million in Q2 2023 compared to $302.0 million in Q1 2023 Net loss of $1.6 million, or $0.06 per diluted share, in Q2 2023 compared to net loss of $1.5 million, or $0.05 per diluted share, in Q1 2023 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange losses was $39.0 million in Q2 2023 compared to $28.9 million in Q1 2023 Announced as the preferred bidder for the €670 million search and rescue contract for the Irish Coast Guard and expect to finalize the contract soon Reaffirmed 2023 outlook and issued 2024 financial outlook HOUSTON , Aug. 2, 2023  /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $1.6 million, or $0.06 per diluted share, for its quarter ended June 30, 2023 (the "Current Quarter") on operating revenues of $311.5 million compared to net loss attributable to the Company of $1.5 million, or $0.05 per diluted share, for the quarter ended March 31, 2023 (the "Preceding Quarter") on operating revenues of $292.9 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $12.3 million in the Current Quarter compared to $21.1 million in the Preceding Quarter.

BRISTOW GROUP REPORTS SECOND QUARTER 2023 RESULTS

HOUSTON , July 26, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its second quarter 2023 financial results after market close on Wednesday, August 2, 2023. In connection with the release, Bristow has scheduled a conference call for Thursday, August 3, 2023, to begin at 10 a.m.

Bristow Group Announces Second Quarter 2023 Earnings Release Call

HOUSTON , June 20, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced financial guidance for 2024 including an operating revenues range of approximately $1.30-$1.47 billion, an increase of 10% compared to 2023 guidance and an Adjusted EBITDA range of approximately $190-$220 million, an increase of 25% compared to 2023 guidance. Operating revenues (in USD, millions) 2022A 2023E 2024E Offshore energy services $780 $755 - $830 $850 - $970 Government services $283 $340 - $355 $340 - $365 Fixed wing services $96 $95 - $110 $95 - $115 Other services $13 $10 - $15 $10 - $15 Total operating revenues $1,173 $1,200 - $1,310 $1,295 - $1,465 Adjusted EBITDA, excluding asset dispositions and foreign exchange losses (gains) $137 $150 - $170 $190 - $220 Bristow's President and Chief Executive Officer Chris Bradshaw is scheduled to present at the 2023 J.P.

Bristow Group Issues 2024 Financial Outlook

HOUSTON , June 13, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will present at the 2023 J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 21, 2023, where it will also issue select financial guidance for 2024.

Bristow Group to Present at the 2023 J.P. Morgan Energy, Power & Renewables Conference and Plans to Issue 2024 Financial Outlook

Report builds on Bristow's commitments related to environmental and social responsibility and governance in its 2022 report Highlights 2022 successes to include sustainable aviation fuel use, establishment of an environmental management system, expanding global eVTOL and eSTOL partnerships, and improved global health & safety performance HOUSTON, June 5, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) today released its second Sustainability Report, expanding upon the achievements outlined in last year's inaugural report, further demonstrating the Company's commitment to responsible growth and environmental stewardship, highlighting its role as a sustainability leader within the vertical lift industry. "Sustainability means striking the right balance between our economic, social, and environmental responsibilities," said Bristow President and CEO, Chris Bradshaw.

Bristow Releases Second Sustainability Report

Bristow, a leading helicopter services provider, reported another set of mediocre quarterly results, with revenues and profitability being impacted by seasonality and the recent loss of a large contract in Guyana. VTOL continues to expect full-year revenues of between $1.20 billion and $1.31 billion and adjusted EBITDA to range from $150 million to $170 million. Results are expected to improve meaningfully over the course of the year as new contracts kick in.

Bristow: Improvement Expected For The Remainder Of 2023 And Beyond

The roughly $700 million Irish Coast Guard contract won by Bristow Group Inc. VTOL and announced on Monday is the company's second largest ever and combined with a recent UK search & rescue contract sets the company up for significant stable cash flow, according to Benchmark. Bristow Group's search & rescue is its highest margin service, said analyst Josh Sullivan.

Bristow Group's $700 million Irish Coast Guard contract is latest to set it up for significant stable cash flow and may act as catalyst for stock, says analyst

DUBLIN , May 30, 2023 /PRNewswire/ -- Bristow Ireland Ltd., a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, has been announced by the Irish Department of Transport as the preferred bidder for the next Irish Coast Guard (IRCG) search & rescue aviation (SAR) contract.

Bristow announced as preferred bidder for the Irish Coast Guard Aviation Service

Bristow Group Inc. (NYSE:VTOL ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Red Tilahun - Investor Relations Chris Bradshaw - Chief Executive Officer Jennifer Whalen - Senior Vice President & Chief Financial Officer Conference Call Participants Chris Lee - Evercore ISI Josh Sullivan - The Benchmark Company Steve Silver - Argus Research Operator Good day, everyone, and welcome to today's Bristow Group Reports First Quarter 2023 Results. At this time, all participants are in a listen-only mode.

Bristow Group Inc. (VTOL) Q1 2023 Earnings Call Transcript

Total revenues of $302.0 million for the quarter ended March 31, 2023 compared to $313.6 million for the quarter ended December 31, 2022 Net loss of $1.5 million, or $0.05 per diluted share, for the quarter ended March 31, 2023 compared to net loss of $7.0 million, or $0.25 per diluted share, for the quarter ended December 31, 2022 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange losses was $28.9 million for the quarter ended March 31, 2023 compared to $36.3 million for the quarter ended December 31, 2022 As of March 31, 2023, unrestricted cash balance was $198.4 million, with total liquidity of $274.9 million HOUSTON , May 3, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $1.5 million, or $0.05 per diluted share, for its quarter ended March 31, 2023 (the "Current Quarter") on operating revenues of $292.9 million compared to net loss attributable to the Company of $7.0 million, or $0.25 per diluted share, for the quarter ended December 31, 2022 (the "Preceding Quarter") on operating revenues of $304.3 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $21.1 million in the Current Quarter compared to $19.7 million in the Preceding Quarter.

BRISTOW GROUP REPORTS FIRST QUARTER 2023 RESULTS

HOUSTON , April 26, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its first quarter 2023 financial results after market close on Wednesday, May 3, 2023. In connection with the release, Bristow has scheduled a conference call for Thursday, May 4, 2023, to begin at 10 a.m.

Bristow Group Announces First Quarter 2023 Earnings Release Call

NEW YORK , April 10, 2023 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on Bristow Group Inc. (NYSE:VTOL)

Argus Research Initiates Equity Research Report Coverage on Bristow Group Inc. (NYSE:VTOL)

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Bristow Group Inc. (NYSE:VTOL ) Q3 2023 Results Conference Call March 9, 2023 10:00 AM ET Company Participants Red Tilahun - IR Chris Bradshaw - CEO Jennifer Whalen - CFO Conference Call Participants Chris Lee - Evercore ISI Josh Sullivan - Benchmark Company Steve Silver - Argus Research Operator Good day, everyone, and welcome to the December Quarter 2022. At this time, all participants are in a listen-only mode.

Bristow Group Inc. (VTOL) Q3 2023 Earnings Call Transcript

Total revenues of $313.6 million for the quarter ended December 31, 2022 compared to $307.3 million for the quarter ended September 30, 2022 Net loss of $7.0 million, or $0.25 per diluted share, for the quarter ended December 31, 2022 compared to net income of $16.5 million, or $0.58 per diluted share, for the quarter ended September 30, 2022 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains was $36.3 million for the quarter ended December 31, 2022 compared to $33.9 million for the quarter ended September 30, 2022 As of December 31, 2022, unrestricted cash balance was $160.0 million with total liquidity of $239.7 million Updated 2023E financial guidance includes higher Adjusted EBITDA range of $150 - $170 million HOUSTON , March 8, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $7.0 million, or $0.25 per diluted share, for its quarter ended December 31, 2022 ("Current Quarter") on operating revenues of $304.3 million compared to net income attributable to the Company of $16.5 million, or $0.58 per diluted share, for the quarter ended September 30, 2022 (the "Preceding Quarter") on operating revenues of $299.4 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $19.7 million in the Current Quarter compared to $42.7 million in the Preceding Quarter.

BRISTOW GROUP REPORTS DECEMBER QUARTER AND YEAR-TO-DATE 2022 RESULTS AND UPDATES OUTLOOK FOR CALENDAR YEAR 2023

HOUSTON , Feb. 28, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its December quarter and year-to-date 2022 financial results after market close on Wednesday, March 8, 2023. In connection with the release, Bristow has scheduled a conference call for Thursday, March 9, 2023, to begin at 10 a.m.

Bristow Group Announces December Quarter and Year-To-Date 2022 Earnings Release Call

Government Services business and Offshore Energy Services business will each be led by a dedicated Chief Operating Officer New structure will help Bristow respond to market and customer needs efficiently and facilitate the pursuit of the Company's growth strategy HOUSTON , Feb. 9, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) took action today to better support its existing business and future growth plans by reorganizing the Company's leadership team to align with its main service lines – Government Services and Offshore Energy Services. Given the increased scale and geographic scope of Bristow's Government Services business, the time is right to implement dedicated executive management purely focused on this important service line, with responsibility to manage existing operations as well as pursue additional growth opportunities.

Bristow Announces New Organization Structure to Better Support Existing Business and Future Growth Efforts

HOUSTON , Jan. 11, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) and its subsidiaries announced today that it has entered into two thirteen-year secured equipment financings for an aggregate amount up to £145 million with National Westminster Bank Plc ("NatWest"). The proceeds from the financings will be used to refinance the indebtedness of the previous equipment financing facilities with Lombard North Central Plc, refinance the aircraft financed thereby, and provide additional financing to support Bristow's obligations under its contracts with the Department for Transport and the Maritime & Coastguard Agency of the United Kingdom.

Bristow Enters Into Long-term Equipment Financings up to £145 Million

Bristow Group's available fleet is of varied aircrafts, with a significant number of helicopters. I am quite optimistic about the new mass emergency communication systems. The adoption of the new digital incident management system may interest certain clients.

News for Bristow Group Inc. Stock (VTOL)