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Bristow Group Inc. (NYSE: VTOL) delivers essential vertical aviation services to offshore energy producers and government agencies worldwide. This news hub provides investors and industry stakeholders with verified updates about the company's operational developments, financial performance, and strategic initiatives.
Access timely reports on offshore energy contracts, search-and-rescue program expansions, and aviation safety innovations. Our curated collection includes earnings releases, regulatory filings, and operational updates directly from Bristow's corporate communications.
Key content categories cover quarterly financial results, new government service contracts, fleet modernization programs, and global operational expansions. Bookmark this page for streamlined access to Bristow's latest developments in vertical flight solutions and emergency response aviation.
Bristow Group (NYSE: VTOL) announced that it will present at the 2024 J.P. Morgan Energy, Power & Renewables Conference on June 18, 2024.
Bristow's President and CEO, Chris Bradshaw, along with Senior VP and CFO, Jennifer Whalen, will present at 10:55 a.m. ET and engage in investor meetings throughout the day.
The investor presentation will be accessible on June 18, 2024, on Bristow's website.
Bristow Group (NYSE: VTOL) released its third annual Sustainability Report on May 15, 2024, detailing significant achievements in 2023. The company highlighted a 50% reduction in Lost Work Cases and a 39% decrease in Total Recordable Incident Rate. The UK Search and Rescue team rescued 523 people in 2,596 missions. Bristow complied with Global Reporting Initiative standards and completed ISO 27001 certification in two regions. The company also made strides in Advanced Air Mobility (AAM), adding a new strategic partner and completing the first electric aircraft flight in Louisiana. Furthermore, Bristow introduced a Human Rights Framework and appointed Shefali Shah to its Board of Directors.
Bristow Group reported total revenues of $337.1 million in Q1 2024, with a net income of $6.6 million. EBITDA was $47.5 million, affirming the 2024 outlook and issuing financial outlook for 2025 and 2026. Operating revenues from offshore energy services and government services increased, while fixed-wing services saw a decrease. The company reported a lower net loss compared to the previous quarter, highlighted by improvements in margins, capital returns, and free cash flow.
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