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Mar 31, 2021
Bristow Q4 2021 Earnings Report
Reported a net loss due to losses on debt extinguishment and merger-related costs, but demonstrated business model resilience by generating substantial free cash flow.
Key Takeaways
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.
Net loss of $42.6 million, or $1.47 per diluted share, was reported in Q4 FY21.
EBITDA adjusted to exclude special items and asset dispositions was $30.5 million in Q4.
Adjusted Free Cash Flow was $54.9 million in Q4 FY21.
Unrestricted cash balance was $228.0 million with total liquidity of $284.1 million as of March 31, 2021.
Bristow
Bristow
Forward Guidance
No specific forward guidance was provided in the press release.