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. (NYSE: VTOL) is described by the company as a leading global provider of vertical flight solutions, with aviation services focused on offshore energy companies and government entities. The VTOL news feed on Stock Titan aggregates company-issued press releases, financial updates and other coverage related to Bristow’s operations in nonscheduled chartered passenger air transportation.
According to Bristow’s own announcements, investors can expect regular earnings news, including quarterly results, segment performance for Offshore Energy Services, Government Services and Other Services, and updates to financial outlook ranges. These releases often discuss revenue trends, adjusted EBITDA, capital allocation actions and liquidity metrics.
The company also issues capital markets and financing news, such as the pricing and commencement of senior secured note offerings and related plans to redeem existing notes. These items describe the structure of Bristow’s secured notes, collateral consisting of helicopters and other assets, and intended use of proceeds, including satisfaction and discharge of earlier debt.
Bristow’s news flow further includes operational and strategic updates tied to advanced air mobility and sustainable aviation initiatives. Examples in recent releases include participation in Norway’s Test Arena for Zero & Low Emission Aviation and collaboration on planned electric air taxi routes in the United Kingdom, where Bristow’s operational experience and air operator certificates are highlighted.
In addition, Bristow publishes investor relations announcements about upcoming earnings calls and participation in investor conferences. For followers of VTOL, this news page offers a centralized view of the company’s financial disclosures, financing actions and aviation project milestones. Users interested in offshore energy aviation, government SAR contracts or emerging electric and advanced air mobility projects can monitor this feed for new developments.
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.
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.