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 Inc. (NYSE: VTOL) will release its financial results for Q1 fiscal year 2023 on August 4, 2022. A conference call is scheduled for August 5, 2022, at 9 a.m. ET. Investors can participate by dialing 800-207-0148 domestically or +1 856-344-9282 internationally. A replay will be available until August 19, 2022. The investor presentation will be accessible on the company’s website on the same day as the earnings release. Bristow Group specializes in sustainable vertical flight solutions, primarily serving the energy sector and public service aviation.
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Bristow Group Inc. (NYSE: VTOL), a leader in sustainable vertical flight solutions, will present at the 2022 Jefferies Industrials Conference on August 9, 2022, at 10:00 a.m. ET. Jennifer Whalen, the CFO, will deliver the presentation and engage in investor meetings throughout the day. An investor presentation will be accessible on Bristow's website the same day. The company provides aviation services mainly to energy companies and offers various solutions including search and rescue operations across multiple countries.
Bristow Helicopters has secured a £1.6 billion contract for the UK’s Second-Generation Search and Rescue Aviation (UKSAR2G) program, set to run from September 30, 2024, through December 31, 2026. This contract consolidates previous separate rotary and fixed-wing aviation services, advancing lifesaving capabilities across the UK. The consortium, including 2Excel Aviation and Nova Systems, will utilize 18 helicopters and six fixed-wing planes, along with unmanned aerial systems. Bristow plans to innovate service delivery and expand operational bases to enhance efficiency and response times.
Bristow Group has signed a Letter of Intent with Elroy Air to pre-order 100 Chaparral hybrid-electric cargo VTOL aircraft, designed to transport 300–500 pounds over a 300-mile range. This partnership aims to address the growing demand for time-sensitive logistics in healthcare and energy applications. The Chaparral features an autonomous cargo handling system and is built using carbon composite materials, representing a significant step in reducing aviation emissions and offsetting pilot shortages. With over 900 aircraft agreements in place, Elroy Air is poised for substantial growth.
Bristow Group Inc. (NYSE: VTOL) has announced long-term maintenance support agreements with Leonardo Helicopters and Pratt & Whitney for its AW139 helicopter fleet. These agreements consolidate previous arrangements, aiming to reduce maintenance costs and provide consistent cash flows amid inflationary pressures. The total buy-in cost is approximately $55 million, with expected unlevered, cash-on-cash returns of around 20% over the agreements' lifespan. Additionally, Bristow has secured further maintenance agreements for its AW189 fleet and avionics support, enhancing overall operational efficiency.
Bristow Group Inc. (NYSE: VTOL) announced on June 17, 2022, that The Benchmark Company has initiated coverage of the company, recommending a "Buy" rating. This development highlights Bristow's position as a leading provider of innovative and sustainable vertical flight solutions, primarily catering to offshore energy companies. Bristow's services also include search and rescue operations in the U.K. and various transportation services globally. The announcement reflects confidence in Bristow's business model and market potential.
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.