Bristow Group Inc Stock Price, News & Analysis

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.

Bristow Group (NYSE: VTOL) announced four two-year contract extensions with Equinor, Shell, and Neptune, effective through April 2024, for air transportation crew change services in the Norwegian continental shelf.

The contracts, which include options for further extensions, mark a continuation of a longtime partnership, especially with Equinor, lasting over 20 years. Bristow will utilize its S-92 fleet for these operations, emphasizing safety and efficiency as key aspects of their collaboration.

Bristow Group Inc. (NYSE: VTOL) will present at the J.P. Morgan 2021 Energy, Power & Renewables Conference on June 22-23, 2021. The presentation is scheduled for June 23 at 2:00 p.m. Central Time. President Chris Bradshaw and CFO Jennifer Whalen will lead the session, with slides available on the Company's Investor Relations website. Bristow is a global leader in vertical flight solutions, primarily serving offshore energy companies and providing search and rescue services in various countries.

Bristow Group Inc. (NYSE: VTOL) reported a net loss of $42.6 million, or $1.47 per diluted share, for Q4 FY21, with operating revenues of $281.5 million. This is an improvement compared to a net loss of $57.1 million in Q3 FY21. Adjusted EBITDA was $30.5 million, down from $47.7 million in the previous quarter. The company's unrestricted cash balance stood at $228.0 million as of March 31, 2021. Additionally, Bristow closed a $400 million offering of senior secured notes, using proceeds for debt repayment and to strengthen liquidity.

Bristow Group Inc. (NYSE: VTOL) has appointed retired U.S. Air Force General Maryanne Miller to its Board of Directors, effective May 23, 2021. With over 39 years of military service, General Miller brings extensive experience in global mobility and leadership from her role as Commander of Air Mobility Command. CEO Christopher S. Bradshaw expressed enthusiasm for leveraging her expertise in pursuing new market opportunities, including government services and advanced air mobility. Miller aims to enhance Bristow's vision as a leader in vertical flight solutions.

Bristow Group Inc. (NYSE: VTOL) will release its fourth quarter fiscal year 2021 financial results after market close on May 26, 2021. A conference call is scheduled for May 27, 2021, at 10 a.m. ET, where investors can discuss the results. Participation details include dialing 800-353-6461 for domestic calls and +1 334-323-0501 for international calls, with access code 8912072. A replay will be available until June 10, 2021.