Bristow Group Inc Stock Price, News & Analysis

Bristow Group reported total revenues of $301.6 million in Q2 FY22, up from $300.6 million in Q1 FY22. The net income was $2.8 million or $0.10 per diluted share, reversing from a net loss of $14.2 million in the prior quarter. Adjusted EBITDA rose to $44.5 million compared to $40.0 million in Q1. Despite challenges from Hurricane Ida and pandemic-related impacts, total liquidity stands at $287.6 million. The company repurchased 547,596 shares for $14.9 million.

Bristow Group Inc. (NYSE: VTOL) will release its second quarter fiscal year 2022 financial results on November 3, 2021, after market close. A conference call is scheduled for November 4, 2021, at 10 a.m. ET. Investors can join by calling 866-575-6539 domestically or +1 856-344-9299 internationally. A replay will be available until November 17, 2021. The investor presentation will be accessible on their website on November 4.

Bristow Group (NYSE: VTOL), a leader in vertical flight solutions, will present virtually at the Deutsche Bank Leveraged Finance Conference on October 5, 2021. The presentation will feature CEO Chris Bradshaw and CFO Jennifer Whalen at 9 a.m. ET, followed by investor meetings. An investor presentation will be accessible on Bristow's website on the same date. Bristow provides aviation services to major energy companies and public sector search and rescue operations in the U.K. and various other countries.

Bristow Group (NYSE: VTOL) and Eve Urban Air Mobility, an Embraer entity, announced a strategic partnership to develop an Air Operator's Certificate for Eve's electric vertical takeoff and landing (eVTOL) aircraft. The collaboration aims to create a comprehensive Urban Air Mobility operating model, leveraging Bristow's extensive experience in transportation. As part of this agreement, Bristow has ordered up to 100 eVTOLs, with deliveries expected to commence in 2026. Both companies will focus on vehicle design, regulatory development, and integration with air traffic management systems.

Bristow Group Inc. (NYSE: VTOL) and Vertical Aerospace Group Ltd have signed a Memorandum of Understanding to collaborate on the certification and operational planning for eVTOL aircraft. Bristow has placed a pre-order for 25 aircraft, with an option for 25 more, contributing to Vertical's total pre-orders exceeding 1,000 aircraft. The VA-X4 model will feature speeds of 200 mph and zero emissions. This partnership enhances Bristow's market position in vertical transportation and aims to offer advanced regional air mobility solutions.

Bristow Group Inc. (NYSE: VTOL), a leader in vertical flight solutions, will conduct a virtual presentation at the Barclays CEO Energy-Power Conference on September 10, 2021, at 8:35 a.m. ET. CEO Chris Bradshaw and CFO Jennifer Whalen will present and participate in investor meetings during the event. An investor presentation will be available on Bristow's website on the same date. Bristow offers aviation services to major energy companies and conducts search and rescue operations in various countries.

Bristow Group Inc. (NYSE: VTOL) has signed a Memorandum of Understanding with Electra.aero to develop hybrid-electric short take-off and landing (eSTOL) aircraft. These aircraft will be capable of carrying 1,800 pounds of cargo or 5-7 passengers over distances of up to 500 nautical miles, utilizing minimal runway space (300x100 ft). Bristow will leverage its 70+ years of transport expertise to assist in design, development, and certification processes for the new aircraft. A total of 50 low-emission aircraft are expected to be delivered to Bristow for new middle-mile logistics operations.

Bristow Group Inc. (NYSE: VTOL) reported a net loss of $14.2 million or $0.50 per diluted share for the fiscal first quarter ended June 30, 2021, an improvement from a loss of $42.6 million in the previous quarter. Operating revenues increased to $288.4 million, up from $281.5 million. Adjusted EBITDA rose to $40.0 million, marking a significant improvement from $30.5 million in the prior quarter. Operating expenses decreased by $3.8 million, but impairment losses and rising fuel costs remain concerns.

Bristow Group Inc. (NYSE: VTOL) will release its financial results for Q1 fiscal year 2022 on August 4, 2021, after market close. A conference call is scheduled for August 5, 2021, at 10 a.m. ET. Investors can join by calling 800-353-6461 domestically or +1 334-323-0501 internationally. An investor presentation will also be available on the company’s website on August 5, 2021. Bristow is a leading provider of vertical flight solutions, serving various energy companies and offering search and rescue services globally.