Welcome to our dedicated page for BRS news (Ticker: BRS), a resource for investors and traders seeking the latest updates and insights on BRS stock.
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Bristow Group (NYSE: VTOL) reported a net loss of $57.1 million for Q3 2020, translating to a loss of $1.97 per diluted share, compared to a $27.9 million loss in the prior quarter. Revenues rose to $300.3 million, driven by improved oil and gas operations. The company recognized a significant impairment loss of $51.9 million related to its investment in Cougar Helicopters. Adjusted EBITDA was $47.4 million, down from $54.2 million. Despite challenges, Bristow identified at least $50 million in annualized cost synergies from its merger with Era Group.
