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.

Earnings data Q4 2021

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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.

HOUSTON , Jan. 24, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) and its subsidiaries announced today that it has entered into a new twelve-year secured equipment financing for an aggregate amount up to £55 million with a syndicate of banks led by National Westminster Bank Plc ("NatWest"). The proceeds from the financing will be used to support Bristow's capital commitments related to the 2nd generation UK search and rescue ("UKSAR2G") contract with the Department for Transport and the Maritime & Coastguard Agency of the United Kingdom.

Bristow Enters Into New Long-term Equipment Financing for up to £55 Million

HOUSTON , Dec. 11, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) announced today that Shefali Shah has been appointed to its Board of Directors. The appointment to the new director position is effective immediately.

Bristow Group Appoints Shefali Shah to its Board of Directors

MANASSAS, Va. and HOUSTON , Nov. 29, 2023 /PRNewswire/ -- Following the successful first flights of Electra.aero, Inc.'s (Electra) eSTOL technology demonstrator aircraft, Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, secured early delivery positions for five of Electra's hybrid-electric short takeoff and landing (eSTOL) production aircraft by executing a deposit agreement.

Bristow Secures Early Delivery Positions with Deposit for Five Electra eSTOL Aircraft

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Bristow Group Inc. (NYSE:VTOL ) Q3 2023 Earnings Call November 2, 2023 10:00 AM ET Company Participants Red Tilahun - Investor Relations Christopher Bradshaw - President and Chief Executive Officer Jennifer Whalen - Senior Vice President and Chief Financial Officer Conference Call Participants Josh Sullivan - The Benchmark Company Eddie Kim - Barclays Savi Syth - Raymond James David Smith - Pickering Energy Partners Chris Lee - Evercore ISI Steve Silver - Argus Research Edison Yu - Deutsche Bank Operator Good day, everyone, and welcome to today's Bristow Group Reports Third Quarter of 2023 Earnings Call. Today's call is being recorded.

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

HOUSTON , Nov. 1, 2023 /PRNewswire/ --  Total revenues of $338.1 million in Q3 2023 compared to $319.4 million in Q2 2023 Net income of $4.3 million, or $0.15 per diluted share, in Q3 2023 compared to net loss of $1.6 million, or $0.06 per diluted share, in Q2 2023 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains (losses) was $56.6 million in Q3 2023 compared to $39.0 million in Q2 2023(1) Raised 2023 Adjusted EBITDA(1) outlook mid-point and reaffirmed 2024 financial outlook Bristow Group Inc. (NYSE: VTOL) today reported net income attributable to the Company of $4.3 million, or $0.15 per diluted share, for its quarter ended September 30, 2023 (the "Current Quarter") on operating revenues of $330.3 million compared to net loss attributable to the Company of $1.6 million, or $0.06 per diluted share, for the quarter ended June 30, 2023 (the "Preceding Quarter") on operating revenues of $311.5 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $54.9 million in the Current Quarter compared to $12.3 million in the Preceding Quarter.

BRISTOW GROUP REPORTS THIRD QUARTER 2023 RESULTS

HOUSTON , Oct. 24, 2023 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its third quarter 2023 financial results after market close on Wednesday, November 1, 2023. In connection with the release, Bristow has scheduled a conference call for Thursday, November 2, 2023, to begin at 10 a.m.

Bristow Group Announces Third Quarter 2023 Earnings Release Call

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)

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