Welcome to our dedicated page for Bristow Group news (Ticker: VTOL), a resource for investors and traders seeking the latest updates and insights on Bristow Group stock.
Bristow Group Inc. reports developments across its global vertical flight services business, which provides aviation services to offshore energy companies and government entities. Its recurring updates cover Offshore Energy Services, Government Services and Other Services, including personnel transportation to offshore installations, search and rescue, medevac, fixed-wing transportation, unmanned systems, ad hoc helicopter services and aircraft dry leasing.
Company news also covers quarterly and annual results, Adjusted EBITDA outlook, operating cash flow, common-stock dividends and debt financing activity. Other recurring themes include government search-and-rescue contract activity, leadership changes and partnerships or test projects involving zero- and low-emission aviation technologies.
Bristow Group reported total revenues of $337.1 million in Q1 2024, with a net income of $6.6 million. EBITDA was $47.5 million, affirming the 2024 outlook and issuing financial outlook for 2025 and 2026. Operating revenues from offshore energy services and government services increased, while fixed-wing services saw a decrease. The company reported a lower net loss compared to the previous quarter, highlighted by improvements in margins, capital returns, and free cash flow.
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