Bristow Earnings Reports

Bristow Group Inc. reported total revenues of $350.5 million for the quarter ended March 31, 2025, a slight decrease from $353.5 million in the preceding quarter. Net income attributable to the Company was $27.4 million, or $0.92 per diluted share, down from $31.8 million, or $1.07 per diluted share, in the prior quarter. Adjusted EBITDA for the quarter was $57.7 million, consistent with the preceding quarter.

Bristow Group Inc. reported a net income of $31.8 million on total revenues of $353.5 million for the quarter ended December 31, 2024. This represents an increase in net income compared to the preceding quarter, despite a slight decrease in total revenues. The company also exceeded its full-year 2024 Adjusted EBITDA outlook.

Bristow Group Inc. reported net income attributable to the Company of $28.2 million, or $0.95 per diluted share, for the quarter ended September 30, 2024, on operating revenues of $356.4 million. The company raised its Adjusted EBITDA guidance range from $210 - $230 million to $220 - $230 million for 2024.

Bristow Group Inc. reported net income attributable to the Company of $28.2 million, or $0.96 per diluted share, for its quarter ended June 30, 2024, on operating revenues of $352.5 million. Adjusted EBITDA outlook range increased to $210 million - $230 million for 2024 and to $230 million - $260 million for 2025.

Bristow Group reported net income attributable to the Company of $6.6 million, or $0.23 per diluted share, for its quarter ended March 31, 2024, on operating revenues of $329.4 million. Adjusted EBITDA was $47.5 million in the Current Quarter.

Bristow Group Inc. reported a net loss of $7.9 million for the quarter ended December 31, 2023, on operating revenues of $329.6 million. Adjusted EBITDA excluding asset dispositions and foreign exchange was $46.0 million. The company achieved its increased 2023 outlook and affirmed its 2024 outlook.

Bristow Group Inc. reported Q3 2023 results with a net income of $4.3 million, or $0.15 per diluted share, on operating revenues of $330.3 million. Adjusted EBITDA reached $56.6 million, marking a 45% sequential quarter improvement. The company is raising its full-year 2023 Adjusted EBITDA guidance range to $165-$175 million.

Bristow Group Inc. reported a net loss of $1.6 million, or $0.06 per diluted share, for the quarter ended June 30, 2023, on operating revenues of $311.5 million. Adjusted EBITDA, excluding asset dispositions and foreign exchange losses, was $39.0 million. The company reaffirmed its 2023 outlook and issued a 2024 financial outlook.

Bristow Group reported a net loss of $4.3 million for the fiscal fourth quarter ended March 31, 2022, on operating revenues of $275.6 million. Adjusted EBITDA excluding asset dispositions was $35.9 million. The company announced plans to acquire British International Helicopters Limited.

Bristow Group Inc. reported a net loss of $0.1 million for the fiscal third quarter ended December 31, 2021, with operating revenues of $285.0 million. The company's financial results were impacted by several factors, including costs related to Hurricane Ida, timing of major repairs, aircraft lease return costs, and foreign currency exchange variances. Despite these challenges, the company generated approximately $42 million in Adjusted Free Cash Flow.

Bristow Group reported Q2 FY22 results with total revenues of $301.6 million and net income of $2.8 million, or $0.10 per diluted share. Adjusted EBITDA was $44.5 million. The company's financial results were impacted by Hurricane Ida, pandemic-related travel restrictions, labor union settlement costs, and expenses related to the UK SAR 2G contract pursuit.

Bristow Group Inc. reported a net loss of $14.2 million, or $0.50 per diluted share, for its fiscal first quarter ended June 30, 2021, on operating revenues of $288.4 million. Adjusted EBITDA excluding gains or losses on asset dispositions was $40.0 million in the current quarter.

Bristow Group reported a net loss of $42.6 million for Q4 2021, impacted by market challenges and seasonality, but highlighted the generation of substantial free cash flow and a strong liquidity position.

Bristow Group Inc. reported a net loss of $57.1 million for the fiscal third quarter ended December 31, 2020, on operating revenues of $300.3 million. The net loss was primarily driven by the impairment of the investment in Cougar Helicopters Inc. However, the company announced an increase in identified synergies to at least $50 million of annualized cost savings.

Bristow Group Inc. reported a net loss attributable to the Company of $27.9 million, or $0.95 per diluted share, for its second quarter ended September 30, 2020, on operating revenues of $295.7 million. The company's adjusted free cash flow excluding net capex was $57.0 million. As of September 30, 2020, the company's unrestricted cash balance was $301.4 million with total liquidity of $358.6 million.

Bristow Group reported a net income attributable to the Company of $71.5 million, or $5.16 per diluted share, for its first quarter ended June 30, 2020, on operating revenues of $261.5 million. The current quarter includes 19 days of operating results from legacy Era Group Inc. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) was $97.0 million in the current quarter and EBITDA adjusted to exclude special items and gains or losses on asset dispositions was $46.0 million.

Era Group Inc. reported a net loss of $0.7 million for the fourth quarter of 2019, with operating revenues of $60.4 million. The company's EBITDA was $10.1 million, and adjusted EBITDA was $13.7 million. The results were influenced by higher U.S. oil and gas revenues and the full quarter impact of emergency response services contracts.