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.

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.

Elroy Air to deliver 100 cargo drones to Bristow Group

Bristow Group and Elroy Air announced Wednesday they have signed a letter of intent for Bristow to pre-order 100 Elroy Air Chaparral pilotless hybrid-electric cargo vertical takeoff and landing (VTOL) aircraft.

Bristow Group Chooses Elroy Air Autonomous Cargo Drones To Enter New Markets

The Chaparral will carry 300–500 pounds (136 to 226kg) of cargo over a 300-mile (482 km) range with its hybrid-electric powertrain and simple, redundant vertical and forward-flight propulsors Bristow will leverage its 70+ years of aviation expertise to move time-sensitive cargo for logistics, healthcare and energy applications Elroy Air expects to deliver 100 autonomous-flight Chaparral VTOL aircraft to Bristow SAN FRANCISCO and HOUSTON , July 13, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of innovative and sustainable vertical flight solutions, has signed a Letter of Intent (LOI) with Elroy Air to pre-order 100 Chaparral hybrid-electric cargo VTOL aircraft. The Chaparral will be the first of its kind vertical take-off and landing (VTOL) aircraft dedicated to cargo movement to be introduced into Bristow's aircraft fleet.

Bristow and Elroy Air Sign Letter of Intent for 100 Chaparral VTOL Aircraft

Agreements with Leonardo Helicopters and Pratt & Whitney provide comprehensive, long-term maintenance support for AW139 airframes and engines, respectively Aligns multiple, disparate pre-merger agreements into a cohesive program that will result in lower maintenance costs and more consistent cash flows for the Company These agreements mitigate cost uncertainty in an inflationary environment and will result in maintenance expenses that are more directly correlated with flight hours Expected cash-on-cash, unlevered returns of approximately 20 percent over the life of the agreements HOUSTON , June 30, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) today announced it has signed long-term, favorable maintenance support agreements with Leonardo Helicopters for airframes and Pratt & Whitney for engines on the Company's global fleet of AW139 helicopters. The legacy Era AW139 fleet was previously covered by a limited power-by-the-hour ("PBH") support agreement with Leonardo for the airframes, while the engines were maintained on a time and cost of materials basis.

Bristow Signs Favorable, Long-Term Maintenance Support Agreements for its Global AW139 Helicopter Fleet

HOUSTON , June 17, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of innovative and sustainable vertical flight solutions, today announced that an independent Wall Street equity research analyst firm, The Benchmark Company, has initiated coverage on the Company with initial "Buy" recommendations. About Bristow Group Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions.

Bristow Announces Initiation of Equity Analyst Coverage by The Benchmark Company

HOUSTON , June 16, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of innovative and sustainable vertical flight solutions, today announced that it will ring the Opening Bell at the New York Stock Exchange (NYSE) on Tuesday, June 21, to commemorate the two-year anniversary of the merger between Bristow Group Inc. and Era Group Inc.  Bristow President and CEO Chris Bradshaw will ring the bell alongside other employees from the Company and members of the Board of Directors. The Opening Bell will ring at 9:30 a.m.

Bristow to Ring New York Stock Exchange Opening Bell June 21

Bristow Group Inc. (NYSE:VTOL ) Q4 2022 Earnings Conference Call June 1, 2022 10:00 AM ET Company Participants Crystal Gordon - SVP, General Counsel Christopher Bradshaw - President and CEO Jennifer Whalen - SVP and CFO Conference Call Participants Oscar Olivas - Allspring Global Investments Dilip Badlani - SKM Michael Kaufman - Redwood Capital Gabriela Perez - MacKay John Deysher - Pinnacle Jason Stan - Clayton Dohyun Cha - MacKay Operator Good day, and welcome to the Bristow Group Reports Fourth Quarter and Full Fiscal Year 2022 Results Conference Call. Today's conference is being recorded.

Bristow Group Inc. (VTOL) CEO Christopher Bradshaw on Q4 2022 Results - Earnings Call Transcript

HOUSTON, Texas , May 31, 2022 /PRNewswire/ -- Total revenues of $287.4 million in Q4 FY22 compared to $295.6 million in Q3 FY22 Net loss of $4.3 million, or $(0.15) per diluted share, in Q4 FY22 EBITDA adjusted to exclude special items and asset dispositions was $35.9 million in Q4 FY22 compared to $30.7 million in Q3 FY22 As of March 31, 2022, unrestricted cash balance was $263.8 million with total liquidity of $318.7 million Amended and extended asset-based revolving credit facility (the "ABL Facility") until 2027 Announced acquisition of British International Helicopters Limited ("BIH"), expanding government services business Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $4.3 million, or $(0.15) per diluted share, for its fiscal fourth quarter ended March 31, 2022 ("Current Quarter") on operating revenues of $275.6 million compared to net loss attributable to the Company of $0.1 million, or $0.00 per diluted share, for the quarter ended December 31, 2021 ("Preceding Quarter") on operating revenues of $285.0 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $26.0 million in the Current Quarter compared to $26.0 million in the Preceding Quarter.

BRISTOW GROUP REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2022 RESULTS

HOUSTON , May 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 fourth quarter and full fiscal year 2022 after market close on Tuesday, May 31, 2022. In connection with the release, Bristow has scheduled a conference call for Wednesday, June 1, 2022, to begin at 10 a.m.

Bristow Group Announces Fourth Quarter And Full Fiscal Year 2022 Earnings Release Call

BIH currently delivers combined search and rescue (SAR) and support helicopter services for the UK Ministry of Defence (MOD) with operations in the Falkland Islands BIH also delivers Fleet Operational Sea Training (FOST) helicopter support for the Royal Navy All-cash transaction, expected to close in the third quarter of 2022 HOUSTON , April 29, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE:VTOL) today announced its plans to acquire British International Helicopter Services Limited ("BIH"), further enhancing its leading global Government Services business. Bristow will continue to build upon BIH's strong relationships established through a longstanding history of serving both military and civilian markets.

Bristow Group to Acquire British International Helicopter Services Limited, Further Enhancing its Leading Government Services Offering

HOUSTON, Feb. 23, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, will present at the Credit Suisse 27th Annual Energy Summit on Monday, February 28, 2022. Bristow's Senior Vice President and Chief Financial Officer Jennifer Whalen is scheduled to present on Monday, February 28, 2022, at 2:45 p.m.

Bristow Group to Present at the Credit Suisse 27th Annual Energy Summit

Bristow Group Inc. (VTOL) CEO Christopher Bradshaw on Q3 2022 Results - Earnings Call Transcript

HOUSTON, Feb. 3, 2022 /PRNewswire/ -- Total revenues of $295.6 million in Q3 FY22 compared to $301.6 million in Q2 FY22 Breakeven earnings and earnings per share in Q3 FY22 compared to net income of $2.8 million, or $0.10 per diluted share, in Q2 FY22 EBITDA adjusted to exclude special items and asset dispositions was $30.7 million in Q3 FY22 compared to $44.5 million in Q2 FY22 Adjusted Free Cash Flow was $41.8 million in Q3 FY22 compared to $19.1 million in Q2 FY22 Unrestricted cash balance was $274.0 million with total liquidity of $326.4 million Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $0.1 million, or $0.00 per diluted share, for its fiscal third quarter ended December 31, 2021 ("Current Quarter") on operating revenues of $285.0 million compared to net income attributable to the Company of $2.8 million, or $0.10 per diluted share, in the quarter ended September 30, 2021 ("Preceding Quarter") on operating revenues of $290.1 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $26.0 million in the Current Quarter compared to $45.3 million in the Preceding Quarter.

BRISTOW GROUP REPORTS THIRD QUARTER FISCAL YEAR 2022 RESULTS

HOUSTON, Jan. 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 third quarter fiscal year 2022 after market close on Thursday, February 3, 2022. In connection with the release, Bristow has scheduled a conference call for Friday, February 4, 2022, to begin at 10 a.m.

Bristow Group Announces Third Quarter Fiscal Year 2022 Earnings Release Call

HOUSTON, Jan. 19, 2022 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the leading global provider of vertical flight solutions, announced that the Netherlands Defence Materiel Organisation (DMO) has awarded Bristow their prestigious contract to provide search and rescue helicopter capacity to the Netherlands Coastguard. The 10-year contract, with two one-year extension options, will commence on November 4, 2022 and involves providing the permanent availability of dedicated SAR equipped AW189 helicopters and highly qualified crews from two operational bases in the Netherlands.

Bristow Group to Provide Search and Rescue Helicopter Services to Netherlands Coastguard

SANTA ANA, Calif. and HOUSTON, Dec. 16, 2021 /PRNewswire/ -- Overair, Inc. ("Overair"), developer of electric vertical take-off and landing (eVTOL) vehicles, today announced they signed a Memorandum of Understanding (MOU) with Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of innovative and sustainable vertical flight solutions to government and civil organizations.

Bristow and Overair Form Strategic Partnership to Introduce Butterfly; a Zero Emission, Low-Noise Vertical Transport Vehicle

HOUSTON, Dec. 10, 2021 /PRNewswire/ --  Bristow Group Inc. (NYSE: VTOL) announced today it completed an offshore revenue flight using sustainable aviation fuel (SAF), marking one of the first SAF-powered flights to an offshore operation in the UK Continental Shelf (UKCS). The aircraft flew from Aberdeen to installations operated by bp.

Bristow completes flight to offshore operations using sustainable aviation fuel

Bristow Group Inc. (VTOL) CEO Chris Bradshaw on Q2 2022 Results - Earnings Call Transcript

HOUSTON, Nov. 3, 2021 /PRNewswire/ -- Total revenues of $301.6 million in Q2 FY22 compared to $300.6 million in Q1 FY22 Net income of $2.8 million, or $0.10 per diluted share, in Q2 FY22 compared to net loss of $14.2 million, or $0.50 per diluted share, in Q1 FY22 EBITDA adjusted to exclude special items and asset dispositions was $44.5 million in Q2 FY22 compared to $40.0 million in Q1 FY22 As of September 30, 2021, unrestricted cash balance was $237.0 million with total liquidity of $287.6 million Bristow Group Inc. (NYSE: VTOL) today reported net income attributable to the Company of $2.8 million, or $0.10 per diluted share, for its fiscal second quarter ended September 30, 2021 ("current quarter") on operating revenues of $290.1 million compared to net loss attributable to the Company of $14.2 million, or $0.50 per diluted share, in the quarter ended June 30, 2021 ("preceding quarter") on operating revenues of $288.4 million. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $45.3 million in the current quarter compared to $14.8 million in the preceding quarter.

Bristow Group Reports Second Quarter Fiscal Year 2022 Results

HOUSTON, Oct. 27, 2021 /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 2022 after market close on Wednesday, November 3, 2021. In connection with the release, Bristow has scheduled a conference call for Thursday, November 4, 2021 to begin at 10 a.m.

Bristow Group Announces Second Quarter Fiscal Year 2022 Earnings Release Call

HOUSTON, Sept. 28, 2021 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, will present a virtual presentation at the Deutsche Bank Leveraged Finance Conference on October 5, 2021.

Bristow Group to Present at the 2021 Deutsche Bank Leveraged Finance Conference

HOUSTON and MELBOURNE, Fla., Sept. 23, 2021 /PRNewswire/ -- Eve Urban Air Mobility, LLC, an Embraer company, and Bristow Group Inc. (NYSE: VTOL), the global leader in vertical flight solutions, announced today a Memorandum of Understanding to work together to develop an Air Operator's Certificate (AOC) for Eve's electric vertical takeoff and landing (eVTOL) aircraft.

Eve and Bristow enter partnership to develop UAM capabilities with an order of up to 100 eVTOLs

HOUSTON and BRISTOL, England, Sept. 21, 2021 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of vertical flight solutions to government and civil organizations, and Vertical Aerospace Group Ltd ("Vertical"), a British engineering and aeronautical business pioneering zero-emissions aviation, today announced a Memorandum of Understanding (MOU) under which the two firms will cooperate on the certification, operational planning and potential purchase of up to 50 eVTOL aircraft.

Vertical and Bristow partner to electrify helicopter market for a new era in vertical transport

HOUSTON, Sept. 1, 2021 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in vertical flight solutions, will present a virtual presentation at the Barclays CEO Energy-Power Conference on September 10, 2021.

Bristow Group to Present at the 2021 Barclays CEO Energy-Power Conference

HOUSTON, Aug. 26, 2021 /PRNewswire/ --  Electra.aero to develop hybrid-electric aircraft that takes off in 300x100 ft and carries  5-7 passengers or 1,800 pounds of cargo up to 500 nautical miles in all-weather conditions  Bristow will lend its 70+ years of transport expertise to Electra's development of the eSTOL aircraft's operations, design, and safety features to meet customer as well as FAA, EASA and Transport Canada certification requirements   Companies will explore new markets for Bristow operations using the Electra eSTOL aircraft, with focus on middle mile logistics for large retail distribution chains and other specialized customers Electra expects to deliver 50 low-emission aircraft to Bristow to provide services in these new markets Bristow Group Inc. (NYSE: VTOL), the world's leading global provider of vertical flight solutions to government and civil organizations, and Electra.aero, Inc. a pioneering developer of clean and efficient aviation technology solutions, today announced they have signed a Memorandum of Understanding (MOU) to pursue a Joint Development Agreement (JDA) and Purchase Agreement under which the two firms will cooperate on the technical development and certification, as well as marketing and future operations of Electra's hybrid-electric short take-off and landing (eSTOL) aircraft, with an expected volume of 50 aircraft.  Future electric air transport service to focus on middle mile logistics for retail distribution The two companies will collaborate on developing a full range of safety and operational features to ensure the new eSTOL aircraft's final configuration, specifications and design features meet customer as well as FAA, EASA and Transport Canada certification and timeline requirements.

News for Bristow Group Inc. Stock (VTOL)