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Sep 30, 2021
Bristow Q2 2022 Earnings Report
Reported net income of $2.8 million, or $0.10 per diluted share, for its fiscal second quarter ended September 30, 2021.
Key Takeaways
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.
Total revenues were $301.6 million in Q2 FY22 compared to $300.6 million in Q1 FY22.
Net income was $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
Bristow
Bristow Revenue by Segment
Bristow Revenue by Geographic Location
Revenue by Segment
Government Services Revenue
CapyFin.comOther Services Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comAfrica Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements that represent the company’s current expectations or forecasts of future events. The company cautions investors not to place undue reliance on any forward-looking statements, as the company’s actual results may vary materially from those anticipated in forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income