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

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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.

Bristow Group: Undervalued; New Mass Emergency Communication System Could Present Upside

Bristow Group will benefit from new government contracts and improved activity levels in the fixed-wing business. It has garnered several search and rescue contracts, while the acquisition of British International Helicopters contributed to its asset growth.

Bristow Group: An Undervalued Stock Offering Solid Opportunities

HOUSTON , Dec. 6, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) announced today that Elizabeth Matthews has been named Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary, effective December 21, 2022. In this role, she is responsible for legal, compliance, government affairs, and contract review and management.

Bristow Names Elizabeth Matthews as Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary

Bristow Group, Inc. (NYSE:VTOL ) Q2 2023 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Redeate Tilahun - IR Christopher Bradshaw - President, CEO & Director Jennifer Whalen - SVP & CFO Conference Call Participants Operator Good day, and welcome to the Bristow Group Reports Second Quarter Fiscal Year 2023 Results Call. As a reminder, today's call is being recorded.

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

Bristow returns to the Netherlands to provide search and rescue (SAR) helicopter services The 10-year contract provides a 24/7 all-weather search and rescue service with dedicated SAR configured AW189 helicopters at the Den Helder and Midden Zeeland Airports on behalf of the Netherlands Coastguard Bristow's worldwide SAR expertise will ensure safe, operationally capable, and best value service to the Netherlands Coastguard DEN HELDER, Netherlands , Nov. 4, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, today embarks on a new 10-year relationship with the Netherlands Coastguard, delivering critical helicopter SAR operations for people and communities across the country through its affiliate, Bristow Netherlands B.V. At 1 p.m.

Bristow Launches Search and Rescue Helicopter Services for Netherlands Coastguard

HOUSTON , Nov. 2, 2022 /PRNewswire/ --  Total revenues of $307.3 million in Q2 FY23 compared to $301.7 million in Q1 FY23 Net income of $16.5 million, or $0.58 per diluted share, in Q2 FY23 compared to net income of $4.0 million, or $0.14 per diluted share, in Q1 FY23 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains was $33.9 million in Q2 FY23 compared to $37.1 million in Q1 FY23 As of September 30, 2022, unrestricted cash balance was $199.5 million, with total liquidity of $251.2 million Bristow Group Inc. (NYSE: VTOL) today reported net income attributable to the Company of $16.5 million, or $0.58 per diluted share, for its fiscal second quarter ended September 30, 2022 ("Current Quarter") on operating revenues of $299.4 million compared to net income attributable to the Company of $4.0 million, or $0.14 per diluted share, in the quarter ended June 30, 2022 ("Preceding Quarter") on operating revenues of $294.1 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $42.7 million in the Current Quarter compared to $39.0 million in the Preceding Quarter.

BRISTOW GROUP REPORTS SECOND QUARTER FISCAL YEAR 2023 RESULTS AND ISSUES OUTLOOK FOR CALENDAR YEAR 2023

HOUSTON , Oct. 27, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release financial results for its second quarter fiscal year 2023 after market close on Wednesday, November 2, 2022. In connection with the release, Bristow has scheduled a conference call for Thursday, November 3, 2022, to begin at 10 a.m.

Bristow Group Announces Second Quarter Fiscal Year 2023 Earnings Release Call

Bristow trades at ~15x 2022 FCF and is 2x levered. EBITDA could double over the next few years, and FCF/share could quadruple. The company's long term government contracts guarantee at least some earnings through 2036.

Superbly Managed Bristow Group Will Benefit From Huge Tailwinds

DMC Global

Borr Drilling Ltd

ChampionX

Core Laboratories Inc

Diamond Offshore Drilling Inc

Dawson Geophysical

ENGlobal

Forum Energy Technologies

Flotek Industries

Geospace Technologies

Gulf Island Fabrication

Helix Energy Solutions Group

Independence Contract Drilling

Liberty Oilfield Services

Noble Corp PLC

NexTier Oilfield Solutions Inc

Newpark Resources

VanEck Vectors Oil Services ETF

Profire Energy

Transocean

Schlumberger

U.S. Silica Holdings

Smart Sand

Tenaris S.A.

Valaris Ltd

SPDR S&P Oil & Gas Equipment & Services ETF

Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profitability, ownership, and debt.

Oil Field Services: Value Matrix, Momentum, And Market Cap Analysis

HOUSTON , Sept. 14, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, will present at the 30th Annual Deutsche Bank Leveraged Finance Conference on Tuesday, September 20, 2022.

Bristow Group to Present at the 30th Annual Deutsche Bank Leveraged Finance Conference

Equinor awarded Bristow Norway a search and rescue contract starting September 1, 2023. The initial contract is for four years and includes three one-year options for a potential total of seven years Bristow will provide search and rescue configured S-92 helicopters based offshore at the Johan Sverdrup and Statfjord B platforms in support of operations on the southern Norwegian continental shelf Bristow's safe and reliable search and rescue service is a critical part of the emergency preparedness on the Norwegian continental shelf HOUSTON , Sept.

Bristow Awarded a Multi-Year Equinor Search and Rescue Contract

HOUSTON , Aug. 30, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, will present at the 2022 Barclays CEO Energy-Power Conference on Thursday, September 8, 2022. Bristow's President and Chief Executive Officer Chris Bradshaw is scheduled to present on Thursday, September 8, 2022, at 9:45 a.m.

Bristow Group to Present at the 2022 Barclays CEO Energy-Power Conference

Bristow places firm order for five ALIA-250 aircraft with an option for an additional 50 aircraft Bristow will leverage its 70+ years of aviation expertise and bring a pragmatic approach to developing Advanced Air Mobility (AAM) operations for moving passengers and time-sensitive cargo using regional transportation hubs HOUSTON and SOUTH BURLINGTON, Vt., Aug. 9, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of innovative and sustainable vertical flight solutions, has placed a firm order for five electrically powered vertical take-off and landing ALIA-250 ("ALIA") aircraft manufactured by electric aviation company BETA Technologies, Inc. ("BETA").

Bristow Signs Order of up to 55 BETA Technologies ALIA-250 eVTOL Aircraft

Bristow Group Inc. (NYSE:VTOL ) Q1 2023 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Crystal Gordon - Senior Vice President, General Counsel Chris Bradshaw - President and Chief Executive Officer Jennifer Whalen - Senior Vice President, Chief Financial Officer Conference Call Participants Josh Sullivan - The Benchmark Company John Deysher - Pinnacle Value Operator Good day, and welcome to the Bristow Group Reports First Quarter Fiscal Year 2023 Results Conference Call. Today's conference is being recorded.

Bristow Group Inc. (VTOL) CEO Chris Bradshaw on Q1 2023 Results - Earnings Call Transcript

HOUSTON , Aug. 4, 2022 /PRNewswire/ -- Total revenues of $301.7 million in Q1 FY23 compared to $287.4 million in Q4 FY22 Net income of $4.0 million, or $0.14 per diluted stock, in Q1 FY23 compared to net loss of $4.3 million, or $(0.15) per diluted stock, in Q4 FY22 EBITDA adjusted to exclude special items and asset dispositions was $51.1 million in Q1 FY23 compared to $35.9 million in Q4 FY22 Adjusted Free Cash Flow was $26.0 million in Q1 FY23, with unrestricted cash balance of $255.0 million and total liquidity of $318.0 million Awarded £1.6 billion second-generation search and rescue aviation contract by the Maritime and Coastguard Agency ("UK SAR 2G") Signed favorable, long-term maintenance support agreements for global AW139 helicopter fleet Bristow Group Inc. (NYSE: VTOL) today reported net income attributable to the Company of $4.0 million, or $0.14 per diluted stock, for its fiscal first quarter ended June 30, 2022 ("Current Quarter") on operating revenues of $294.1 million compared to net loss attributable to the Company of $4.3 million, or $(0.15) per diluted stock, in the quarter ended March 31, 2022 ("Preceding Quarter") on operating revenues of $275.6 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $39.0 million in the Current Quarter compared to $26.0 million in the Preceding Quarter.

BRISTOW GROUP REPORTS FIRST QUARTER FISCAL YEAR 2023 RESULTS

The acquisition is expected to strengthen Bristow's leading global Government Services offering BIH will integrate into Bristow's U.K. operations and adopt the Bristow name and brand LONDON , Aug. 3, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) ("Bristow"), the global leader in innovative and sustainable vertical flight solutions, announced today that it has completed its acquisition of British International Helicopter Services Limited ("BIH") effective August 2, 2022, further enhancing its leading global Government Services offering. Bristow will integrate BIH into its U.K. operations, where BIH will adopt the Bristow name and brand throughout its operations.

Bristow Completes Acquisition of British International Helicopter Services Limited

HOUSTON , July 27, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release financial results for its first quarter fiscal year 2023 after market close on Thursday, August 4, 2022. In connection with the release, Bristow has scheduled a conference call for Friday, August 5, 2022, to begin at 9 a.m.

Bristow Group Announces First Quarter Fiscal Year 2023 Earnings Release Call

Emphasizes Bristow's commitments related to environmental and social responsibility and governance Outlines 2021 successes to include SAF flights, global eVTOL and eSTOL partnerships, and lives saved through UK SAR program HOUSTON, July 27, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) today released its first sustainability report, laying out its sustainability goals for the future as well as its environmental, social, and governance achievements over the past year. The inaugural report emphasizes Bristow's commitment to formally embedding sustainability into the Company vision and highlighting its role as a leader in sustainability within the vertical lift industry.

Bristow Releases Inaugural Sustainability Report

HOUSTON , July 26, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, will present at the 2022 Jefferies Industrials Conference on Tuesday, August 9, 2022. Bristow's Senior Vice President and Chief Financial Officer Jennifer Whalen is scheduled to present on Tuesday, August 9, 2022, at 10:00 a.m.

Bristow Group to Present at the 2022 Jeffries Industrials Conference

New 10-year contract combines existing rotary and fixed wing services into fully integrated, innovative solution led by Bristow Bristow-led consortium to begin transitioning to new contract beginning September 30, 2024 through December 31, 2026, to ensure a continuation of critical lifesaving search and rescue aviation services across the whole of the U.K. LONDON , July 21, 2022 /PRNewswire/ -- Bristow Helicopters Ltd (NYSE: VTOL) ("Bristow"), the global leader in innovative and sustainable vertical flight solutions, has been awarded a £1.6 billion 10-year contract for the Second-Generation Search and Rescue Aviation ("UKSAR2G") program by the Maritime and Coastguard Agency (MCA), an executive agency of the Department for Transport. Bristow will work in partnership with 2Excel Aviation, a leading specialist in fixed wing aerospace services, and Nova Systems, the consortium's innovation partner, to deliver the contract for the MCA on behalf of Her Majesty's Coastguard.

Bristow Awarded Second-Generation Search and Rescue Aviation Contract by the Maritime and Coastguard Agency

Houston, we have liftoff. Bristow Group (NYSE: VTOL), a Houston-based vertical flight services provider that operates drone delivery services in the region, has signed a letter of intent with drone firm Elroy Air to pre-order 100 of its autonomous, hybrid-electric Chaparral aircraft.

News for Bristow Group Inc. Stock (VTOL)