Bristow Group, Inc.
Description
Bristow Group Inc. provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews. The company has a fleet of aircrafts. It has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, India, Ireland, the Kingdom of Saudi Arabia, Mexico, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the United Kingdom, and United States. Bristow Group Inc. is based in Houston, Texas.
About
CEO
Mr. Christopher S. Bradshaw
Employees
3,410
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas Equipment & Services
MIC code
XNYS
Address
3151 Briarpark Drive, Houston, TX 77042, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 4, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Mar 4, 2025 | 0.61 | — | — | — |
| Nov 6, 2024 | 0.61 | 1.12 | 0.51 | 83.61% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 2 |
| Average estimate | — | 0.68 | — | 3.60 |
| Low estimate | — | 0.59 | — | 3.45 |
| High estimate | — | 0.76 | — | 3.75 |
| Last year EPS | — | 0.63 | — | 3.50 |
[stock_revenue_estimate]
Growth estimates
Current qtr
564.940%
Next qtr. (Mar 2025)
7.910%
Current year
192.350%
Next year (Dec 2025)
2.860%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2019 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-03-31 | 2021-03-31 | 2019-03-31 |
| Total reported revenue | 1.30B | 1.19B | 1.18B | 1.37B |
| Cost of revenue | 547.93M | 993.40M | 960.04M | 1.26B |
| Gross profit | 749.50M | 191.81M | 218.02M | 105.53M |
| Operating expense | ||||
| Research & development | — | — | — | — |
| Selling general and admin | 528.80M | 159.06M | 153.27M | 182.11M |
| Other operating expenses | 165.62M | 118.92M | 120.87M | — |
| Operating income | 55.08M | 32.75M | 64.75M | -76.58M |
| Non operating interest income | ||||
| Income | 8.65M | 161,000 | 1.29M | 3.42M |
| Expense | 41.42M | 41.52M | 51.26M | 113.50M |
| Other income expense | -4.30M | 4.19M | -71.43M | -149.64M |
| Pretax income | 18.01M | -4.42M | -56.64M | -336.30M |
| Tax provision | 24.93M | 11.29M | -355,000 | -161,000 |
| Net income | -6.92M | -15.71M | -56.29M | -336.14M |
| Basic EPS | -0.24 | -0.55 | -3.12 | -10.91 |
| Diluted EPS | -0.24 | -0.55 | -3.12 | -10.91 |
| Basic average shares | 28.14M | 28.53M | 24.60M | 30.88M |
| Diluted average shares | 28.14M | 28.53M | 24.60M | 30.88M |
| EBITDA | 156.89M | 156.91M | 184.43M | 47.16M |
| Net income from continuing op. | -6.92M | -15.71M | -56.29M | -336.14M |
| Minority interests | 140,000 | -78,000 | 191,000 | -709,000 |
| Preferred stock dividends | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 1.94B | 1.82B | 1.99B | 1.95B |
| Current assets | ||||
| Cash | — | — | — | — |
| Cash equivalents | — | — | — | — |
| Cash and cash equivalents | 180.27M | 263.77M | 228.01M | 196.66M |
| Other short term investments | — | — | — | — |
| Accounts receivable | 234.62M | 203.77M | 215.62M | 180.68M |
| Other receivables | — | — | — | — |
| Inventory | 99.86M | 81.67M | 92.18M | 82.42M |
| Prepaid assets | — | 28.37M | 32.12M | 29.53M |
| Restricted cash | 3.40M | 2.25M | 3.07M | 2.46M |
| Assets held for sale | — | 59,000 | 14.75M | 32.40M |
| Hedging assets | — | — | — | — |
| Other current assets | 45.44M | 28.43M | 32.12M | 29.53M |
| Non current assets | ||||
| Properties | 568.55M | 482.73M | 531.11M | 1.21B |
| Land and improvements | — | — | — | — |
| Machinery furniture equipment | 779.95M | 802.91M | 805.65M | — |
| Construction in progress | 99.32M | — | — | — |
| Leases | — | — | — | — |
| Accumulated depreciation | -232.11M | -149.53M | -85.54M | -24.56M |
| Goodwill | — | — | — | — |
| Investment properties | — | — | — | — |
| Financial assets | — | — | — | — |
| Intangible assets | — | — | — | — |
| Investments and advances | 19.89M | 17.59M | 37.53M | 110.06M |
| Other non current assets | 138.10M | 90.70M | 117.77M | 128.34M |
| Total liabilities | 1.11B | 988.91M | 1.09B | 1.52B |
| Current liabilities | ||||
| Accounts payable | 87.89M | 63.50M | 69.54M | 52.11M |
| Accrued expenses | 104.86M | 113.06M | 108.13M | 100.27M |
| Short term debt | 88.54M | 82.63M | 93.87M | 127.22M |
| Deferred revenue | 20.33M | 15.16M | 13.60M | 12.05M |
| Tax payable | 8.18M | 13.41M | 19.97M | 6.33M |
| Pensions | — | — | — | — |
| Other current liabilities | — | — | — | — |
| Non current liabilities | ||||
| Long term debt | 749.78M | 638.35M | 695.25M | 739.98M |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | 42.71M | 39.81M | 42.43M | 22.78M |
| Derivative product liabilities | — | — | — | 286.18M |
| Other non current liabilities | 11.73M | 4.83M | 6.68M | 4.49M |
| Shareholders equity | ||||
| Common stock | 311,000 | 303,000 | 303,000 | 1,000 |
| Retained earnings | 217.97M | 211.22M | 227.01M | 139.23M |
| Other shareholders equity | -54.64M | -23.45M | -6.92M | -8.64M |
| Total shareholders equity | 823.18M | 835.37M | 898.64M | 426.22M |
| Additional paid in capital | 725.77M | 699.40M | 687.72M | 295.90M |
| Treasury stock | 65.72M | 51.66M | 10.50M | — |
| Minority interest | -508,000 | -447,000 | 1.03M | -269,000 |
Cash flow statement
| 2023 | 2022 | 2021 | 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -6.92M | -15.71M | -56.29M | -336.14M |
| Depreciation | 85.59M | 87.24M | 90.46M | 124.90M |
| Deferred Taxes | 669,000 | -1.74M | -15.47M | -14.45M |
| Stock-Based Compensation | 16.46M | 11.69M | 11.52M | 6.38M |
| Other Non-Cash Items | 3.32M | 9.03M | -66.41M | 11.43M |
| Accounts Receivable | -27.02M | 10.58M | 39.86M | 19.20M |
| Accounts Payable | 7.74M | -20.81M | -36.44M | -63.69M |
| Other Assets & Liabilities | -39.85M | 15.92M | 13.50M | -5.93M |
| Operating Cash Flow | 39.98M | 96.19M | -19.26M | -258.31M |
| Investing Activities | ||||
| Capital Expenditures | — | — | — | — |
| Net Intangibles | — | — | — | — |
| Net Acquisitions | — | -851,000 | 120.24M | 965,000 |
| Purchase of Investments | — | — | — | — |
| Sale of Investments | — | — | — | — |
| Investing Cash Flow | 34.19M | 13.70M | 188.12M | 14.78M |
| Financing Activities | ||||
| Long-Term Debt Issuance | 169.51M | — | 400.00M | 470,000 |
| Long-Term Debt Payments | -142.05M | -19.21M | -618.14M | -61.05M |
| Other Financing Charges | -2.71M | -3.11M | -12.17M | -5.39M |
| Financing Cash Flow | 22.04M | -63.48M | -245.62M | -63.14M |
| Other Cash Details | ||||
| End Cash Position | 183.66M | 266.01M | 231.08M | 178.06M |
| Income Tax Paid | 19.28M | 11.95M | 15.11M | — |
| Interest Paid | 39.48M | 32.03M | 32.31M | — |
| Free Cash Flow | -49.47M | 92.79M | 82.00M | -150.34M |
Error: Invalid format in Holders JSON file.
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Bristow Group, Inc. (VTOL) Q3 2024 Earnings Call Transcript
Bristow Group, Inc. (NYSE:VTOL ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Red Tilahun - Senior Manager, IR Chris Bradshaw - President & CEO Jennifer Whalen - SVP & CFO Conference Call Participants Chris Lee - Evercore Josh Sullivan - The Benchmark Company Steve Silver - Argus Operator Good day, everyone, and welcome to Bristol Group Reports Third Quarter 2024 Earnings Call. [Operator Instructions].
Nov 6, 2024
