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Jun 30, 2020
Bristow Q1 2021 Earnings Report
Reported first quarter fiscal year 2021 results, which included 19 days of operating results from legacy Era Group Inc. after the closing of the business combination on June 11, 2020.
Key Takeaways
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.
Net income attributable to the Company was $71.5 million, or $5.16 per diluted share.
Operating revenues totaled $261.5 million.
EBITDA was $97.0 million.
Adjusted EBITDA excluding gains or losses on asset dispositions was $46.0 million.
Revenue by Geographic Location
Forward Guidance
While the outlook for the offshore oil and gas industry appears challenging for the foreseeable future, the timing of the merger presents opportunities to create value by realizing cost synergies and operational efficiencies, supporting continued positive cash flow generation for the Company.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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