Welcome to our dedicated page for Bridger Aerospace Group Holdings news (Ticker: BAER), a resource for investors and traders seeking the latest updates and insights on Bridger Aerospace Group Holdings stock.
Bridger Aerospace Group Holdings, Inc. (symbol: BAER) is a pioneering company in the field of aerial firefighting and wildfire management. The company offers cutting-edge aerial wildfire surveillance, relief, and suppression services using next-generation technology and sustainable firefighting methods. Bridger Aerospace works closely with federal and state government agencies, including the United States Forest Service, to provide crucial support in battling wildfires across the nation.
The company’s operations are divided into two main offerings:
- Fire Suppression: This involves the deployment of specialized Viking CL-415EAF 'Super Scooper' aircraft, capable of dropping large volumes of water rapidly and directly onto wildfires.
- Aerial Surveillance: Bridger Aerospace provides manned aircraft for real-time aerial surveillance to assist in fire suppression efforts.
Bridger Aerospace is continuously expanding its capabilities and fleet to meet the increasing demand for aerial firefighting services. Recent achievements include the acquisition of additional Super Scoopers and the anticipation of record growth due to early seasonal deployments. The company's commitment to innovation and environmental sustainability makes it a key player in the industry.
Bridger Aerospace (NASDAQ: BAER) reported record Q3 2024 results with revenue of $64.5 million, net income of $27.3 million, and Adjusted EBITDA of $47.0 million, representing year-over-year growth of 20%, 56%, and 21% respectively. The company raised its 2024 revenue guidance to $90-95 million, a 35% increase, and narrowed Adjusted EBITDA guidance to $35-40 million. Strong performance was driven by high Super Scooper fleet utilization, with operations extending into November. The company expects positive free cash flow of $5-10 million for 2024.
Bridger Aerospace (NASDAQ: BAER), an aerial firefighting company, has scheduled its Q3 2024 earnings release for Monday, November 11, 2024, after market close. The company will host an investor conference call at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time) on the same day. Investors can join via phone at 800-225-9448 or 203-518-9708, or through the company's investor relations website. An audio replay will be available until November 18, 2024.
Invitation Homes Inc. (NYSE: INVH) has announced the appointment of Rear Adm. H. Wyman Howard III, USN (Ret) to its Board of Directors, effective October 1, 2024. Michael Fascitelli, chairperson of the Board, and Dallas Tanner, CEO, welcomed Mr. Howard, highlighting his leadership skills and operational experience.
Mr. Howard retired from the U.S. Navy in September 2022 after over 32 years of service. His career includes multiple tours commanding Special Operations Joint Task Forces and serving as the Commander of Naval Special Warfare Command. He also served as the Director of Operations for the National Geospatial-Intelligence Agency.
Mr. Howard's educational background includes an MBA from the TRIUM consortium and a Master of Science in National Security and Resource Strategy. He also serves on the board of Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER).
Bridger Aerospace (NASDAQ: BAER) reported Q2 2024 results, highlighting full fleet deployment amidst escalating wildfire activity. Key points include:
- Revenue increased 12% to $13.0 million
- Net loss reduced to $10.0 million from $19.0 million in Q2 2023
- Adjusted EBITDA of $0.2 million
- Acquired FMS Aerospace for year-round revenue and expanded capabilities
- Reiterated 2024 guidance: Revenue of $70-86 million, Adjusted EBITDA of $35-51 million
The company secured exclusive-use task orders for multiple aircraft and extended deployments, positioning itself to meet annual guidance. Bridger remains a critical part of the nation's aerial firefighting response network.
Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER, BAERW), a leading aerial firefighting company, has announced its schedule for the second quarter 2024 earnings release and conference call. The financial results will be released on August 12, 2024, after market close, followed by an investor conference call at 5:00 p.m. Eastern Time. The call can be accessed via phone or webcast on the company's Investor Relations website.
Additionally, Bridger Aerospace management will participate in two upcoming investor conferences: the Canaccord Genuity Annual Growth Conference on August 14th in Boston and the Gabelli Funds Annual Aerospace & Defense Symposium on September 5th in New York. Webcasts of these events will be available on the company's website.
Bridger Aerospace Group Holdings has acquired FMS Aerospace for $17.51 million in equity, with a contingent equity earn-out of up to $3.09 million. FMS, based in Alabama, specializes in airframe modification and integration for government and commercial customers. The acquisition aims to bolster Bridger's in-house engineering capabilities and diversify its customer base.
The total transaction is valued at $20.6 million, with restricted common stock vesting over two years. FMS reported $10.3 million in revenue and $2.5 million in net income for 2023. The deal is expected to be accretive to Bridger's earnings, but no guidance updates have been provided.
Bridger Aerospace, a leading aerial firefighting company, has appointed Dan Drohan to its Board of Directors. The Board now consists of nine members. Drohan, with over 35 years of aviation experience, has founded and led successful aviation firms, including Sunset Aviation and Solairus Aviation. His extensive industry knowledge is expected to bring valuable insights to Bridger Aerospace's mission and growth.
Over the last year, Bridger has also added notable members such as Beth Fascitelli, David Schellenberg, and Anne Hayes to its Board, further strengthening its leadership team. Drohan's addition aims to leverage his expertise in aviation and business growth to benefit the company's stakeholders.
Bridger Aerospace, a leader in aerial firefighting, announces significant leadership changes. CEO and Director Timothy P. Sheehy resigns to run for the U.S. Senate, with Sam Davis appointed as interim CEO and Jeffrey Kelter as Executive Chairman. Sheehy praises the leadership team and the Board's preparation for his departure. Davis, with a strong background in finance and management, aims to lead the company through its peak wildfire season. The Board will search for a permanent CEO, led by Wyman Howard.
Bridger Aerospace, a leading aerial firefighting company, announced it will join the Russell 3000®, Russell 2000®, and Russell Microcap® Indexes following the 2024 Russell US Indexes annual reconstitution. The changes will take effect on July 1st, 2024. Bridger Aerospace's inclusion is attributed to its strong market capitalization, growth, and financial performance. This move reflects the Company's successful 2023 and anticipated growth in 2024. Russell indexes are essential benchmarks for approximately $10.5 trillion in assets and are utilized by numerous investment managers and institutional investors.
Bridger Aerospace, a major aerial firefighting company, has addressed recent politically motivated criticisms appearing in the media. These criticisms have focused on the company's 2023 net loss, which Bridger attributes mainly to non-cash, stock-based compensation and significant one-time costs related to becoming a public company. Despite the negative media portrayal, Bridger emphasized its seasonal business model and strong performance during peak wildfire seasons. Bridger reported its highest revenue of $67 million in 2023 and expects a positive Adjusted EBITDA of $35 million to $51 million in 2024. The company also highlighted its contributions to the Montana economy and community, and its plans to continue its growth trajectory.
FAQ
What is the current stock price of Bridger Aerospace Group Holdings (BAER)?
What is the market cap of Bridger Aerospace Group Holdings (BAER)?
What services does Bridger Aerospace Group Holdings, Inc. provide?
Who are the primary clients of Bridger Aerospace?
What are the main operational divisions of Bridger Aerospace?
What recent achievements has Bridger Aerospace accomplished?
How does Bridger Aerospace contribute to environmental sustainability?
What kind of aircraft does Bridger Aerospace use for fire suppression?
How does Bridger Aerospace support wildfire management?
What is the significance of Bridger Aerospace’s early seasonal deployments?
Who can I contact for investor relations at Bridger Aerospace?
What is Bridger Aerospace's ticker symbol on the stock market?
