Bristow Group Inc Stock Price, News & Analysis

Bristow Group Inc. (NYSE: VTOL) will ring the Opening Bell at the New York Stock Exchange on June 21 to celebrate the two-year anniversary of its merger with Era Group Inc. The event will be attended by Bristow President and CEO Chris Bradshaw along with employees and board members. The Opening Bell ceremony starts at 9:30 a.m. ET and will be broadcasted live on the NYSE website. Bristow, a leader in vertical flight solutions, provides aviation services to offshore energy companies and public sector search and rescue operations across several countries.

Bristow Group reported a net loss of $4.3 million, or $(0.15) per diluted share, for Q4 FY22, with total revenues of $287.4 million, down from $295.6 million in Q3 FY22. Adjusted EBITDA increased to $35.9 million from $30.7 million. The company has an unrestricted cash balance of $263.8 million and total liquidity of $318.7 million as of March 31, 2022. The company announced its acquisition of British International Helicopters Limited (BIH), expanding its government services. Chronicled financials show evolving operations across various segments, with particular challenges in oil and gas services.

Bristow Group Inc. (NYSE: VTOL) will release its financial results for the fourth quarter and full fiscal year 2022 after the market closes on May 31, 2022. A conference call is scheduled for June 1, 2022, at 10 a.m. ET to discuss the results. Interested investors can join the call by dialing 800-289-0571 (domestic) or +1 856-344-9290 (international) with access code 3580940. An investor presentation will be available on Bristow's website on the same day.

Bristow Group (NYSE:VTOL) announced plans to acquire British International Helicopter Services Limited (BIH) in an all-cash transaction expected to close in Q3 2022, pending regulatory approvals. This acquisition aims to enhance Bristow's government services sector, leveraging BIH's established relationships in military and civilian markets. BIH operates a fleet of helicopters that support the UK Ministry of Defence and the Royal Navy. The deal is anticipated to generate efficiencies and expand Bristow's service capabilities in the UK and beyond.

Bristow Group Inc. (NYSE: VTOL), a leading provider of sustainable vertical flight solutions, will present at the Credit Suisse 27th Annual Energy Summit on February 28, 2022. Jennifer Whalen, Senior Vice President and CFO, is scheduled to speak at 2:45 p.m. MST and conduct investor meetings. The investor presentation will be accessible on Bristow's website on the same day. The company specializes in aviation services for energy sectors and public search and rescue operations internationally.

Bristow Group (NYSE: VTOL) reported Q3 FY22 revenues of $295.6 million, down from $301.6 million in Q2 FY22. The company achieved breakeven earnings per share compared to a net income of $2.8 million in Q2 FY22. EBITDA fell to $30.7 million from $44.5 million in the previous quarter. Despite challenges, Bristow generated Adjusted Free Cash Flow of $41.8 million, an increase from $19.1 million in Q2 FY22. The company maintains a strong liquidity position with $274 million in unrestricted cash. Upcoming demand in the offshore oil and gas sector is expected to enhance financial performance.

Bristow Group Inc. (NYSE: VTOL) will release its financial results for the third quarter of fiscal year 2022 after market close on February 3, 2022. A conference call will follow on February 4, 2022, at 10 a.m. ET. Investors can join by calling 800-289-0720 (domestic) or +1 856-344-9142 (international) with access code 1829005. A replay will be available until February 18, 2022. The investor presentation will also be accessible on the company's website from February 18, 2022.

Bristow Group (NYSE: VTOL) has secured a 10-year contract from the Netherlands Defence Materiel Organisation to provide search and rescue helicopter services for the Netherlands Coastguard, starting on November 4, 2022. The contract includes the option for two one-year extensions and will utilize AW189 helicopters with highly qualified crews. Bristow will enhance service capabilities with new technologies and ensure a 24/7 all-weather operational readiness to support both search and rescue and secondary tasks.

Overair and Bristow Group have signed a memorandum of understanding to develop commercialization plans for the Butterfly eVTOL aircraft. Bristow has pre-ordered 20 to 50 Butterfly units, focusing on operational frameworks, FAA certification, and maintenance protocols. The collaboration aims to reduce carbon footprints and expand high-density transport services. With Overair's military-grade experience and Bristow's operational insights, they will enhance Butterfly's market entry. The unique attributes of the Butterfly are expected to optimize fleet management and improve economic productivity.