Announcement • Jun 24
Bristow Group Inc. (NYSE:VTOL) entered into a definitive agreement to acquire Berry Aviation, Inc. from Acorn Growth Capital Fund IV, L.P. managed by Acorn Growth Companies, LLC for approximately $110 million. Bristow Group Inc. (NYSE:VTOL) entered into a definitive agreement to acquire Berry Aviation, Inc. from Acorn Growth Capital Fund IV, L.P. managed by Acorn Growth Companies, LLC for approximately $110 million on June 23, 2026. A cash consideration of $105 million will be paid by Bristow Group Inc. As part of consideration, $105 million is paid towards common equity of Berry Aviation, Inc. Bristow intends to fund the transaction with cash on hand. In a separate initiative, Bristow is pursuing the sale of its Norway Offshore Energy Services business.
For the period ending December 31, 2025, Berry Aviation, Inc. reported total revenue of $108 million and EBITDA as of $12 million. Berry Aviation's team will join Bristow. Bristow expects Berry Aviation's leadership team to remain in their roles post-closing. In addition, Bristow intends to maintain a strong presence at Berry Aviation's existing facilities across its operational footprint.
The transaction is subject to customary purchase price adjustments, in an all-cash transaction. The acquisition is expected to close in the third quarter of 2026, subject to the satisfaction of certain customary closing conditions.
Solomon Partners Securities, LLC and Pareto Securities AS acted as financial advisor for Bristow Group Inc. Baker Botts L.L.P. acted as legal advisor for Bristow Group Inc. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to Bristow. Simonsen Vogt Wiig is serving as legal advisor to Bristow, in connection with the planned sale of its Norway Offshore Energy Services business. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Independent Director Shefali Shah was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 07
Bristow Group Inc. Affirms Earnings Guidance for the Year 2026 Bristow Group Inc. affirmed earnings guidance for the year 2026. For the year 2026, the company expects total revenues of USD 1,580 million to USD 1,690 million. Announcement • May 03
Bristow Group Inc. Declares Quarterly Cash Dividend, Payable on May 29, 2026 Bristow Group Inc. declared a cash dividend of $0.125 per share of common stock. The quarterly cash dividend announced today is payable on May 29, 2026, to shareholders of record at the close of business on May 15, 2026. Announcement • Apr 29
Bristow Group Inc. to Report Q1, 2026 Results on May 05, 2026 Bristow Group Inc. announced that they will report Q1, 2026 results After-Market on May 05, 2026 Announcement • Feb 24
Bristow Group Inc. Appoints Anne Rappold as Chief Legal Officer and Corporate Secretary, Effective from February 23, 2026 Bristow Group Inc. announced that Anne Rappold has been named Chief Legal Officer and Corporate Secretary, effective February 23, 2026. Rappold has served as Acting Chief Legal Officer since August 2025, leading the Company's global Legal and Government Affairs functions. She will continue to oversee the Company's legal, compliance, and government affairs activities and work closely with the rest of the executive leadership team in support of Bristow's strategic priorities. Rappold joined Bristow in June 2023 as Deputy General Counsel, Americas and Global Risk Management. She previously served as Vice President, Government Affairs, Risk & Compliance at Freeport LNG and practiced insurance defense law in New Orleans, Louisiana earlier in her career. Announcement • Feb 18
Bristow Group Inc. to Report Q4, 2025 Results on Feb 25, 2026 Bristow Group Inc. announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Announcement • Dec 10
Vertical Aerospace to Launch Electric Air Taxi Network with Skyports Infrastructure and Bristow Group Vertical Aerospace announced plans with Skyports Infrastructure (Skyports) and Bristow Group, to launch the UK's first electric air-taxi routes between Canary Wharf and major transport hubs. Proposed routes to and from Canary Wharf at launch would include Heathrow, Gatwick, Cambridge and Oxford. By combining Vertical's category-leading aircraft, Skyports' London Heliport, B Leicester Vertiport and future UK airport network, and Bristow's global operational expertise and UK Air Operator Certificates (AOCs), this partnership brings together the full ecosystem needed for real, scalable eVTOL services. The first phase, planned from First Quarter 2029, will focus on the UK's highest-value mobility corridors. The proposed routes, operated by Bristow, would dramatically cut journey times compared with traditional ground travel - for example, cutting a typical Canary Wharf-to-Heathrow transfer from 60-90 minutes on the ground to 12 minutes in the air. Announcement • Nov 05
Bristow Group Inc. Updates Earnings Guidance for the Fiscal Year 2025 and 2026 Bristow Group Inc. updated earnings guidance for the fiscal year 2025 and 2026. For the year 2025, the company expected total revenues of USD 1,455 million to USD 1,525 million.
For the year 2026, the company expected total revenues of USD 1,580 million to USD 1,690 million. Announcement • Oct 29
Bristow Group Inc. to Report Q3, 2025 Results on Nov 04, 2025 Bristow Group Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025 Announcement • Aug 23
Bristow Group Inc. Announces Executive Changes On August 21, 2025, Bristow Group Inc. announced the departure of Elizabeth Matthews, Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary, effective immediately. Ms. Matthews’ departure from the Company was not a result of any disagreement with the Company or its Board of Directors or any matter relating to the Company’s financials, operations, policies, or practices. As part of an organizational restructuring, the Company has determined to restructure the position of Senior Vice President, General Counsel and Head of Government Affairs. The responsibilities previously associated with the role will be allocated among other members of the Company’s legal team and Executive Leadership Team. Anne Rappold will take on the role of Corporate Secretary. Ms. Matthews will be entitled to severance benefits in connection with the departure in accordance with the terms of the Company’s plans and policies applicable to executive officers. Announcement • Aug 06
Bristow Group Inc. Updates Earnings Guidance for the Year 2025 and 2026 Bristow Group Inc. updates earnings guidance for the year 2025 and 2026. For the year 2025, the company expected total revenues of USD 1,460 million to USD 1,560 million.
For the year 2026, the company expected total revenues of USD 1,620 million to USD 1,740 million. Announcement • Jul 30
Bristow Group Inc. to Report Q2, 2025 Results on Aug 05, 2025 Bristow Group Inc. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • Apr 30
Bristow Group Inc. to Report Q1, 2025 Results on May 06, 2025 Bristow Group Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Announcement • Apr 22
Bristow Group Inc., Annual General Meeting, Jun 04, 2025 Bristow Group Inc., Annual General Meeting, Jun 04, 2025. Announcement • Feb 28
Bristow Group Inc. Announces Initial Quarterly Dividend Payment from First Quarter of 2026 Bristow Group Inc. announced that it is committed to return capital to shareholders via a new quarterly dividend program intended to commence in first quarter of 2026 with an initial dividend payment of $0.125 per share, or $0.50 per share annualized. Announcement • Feb 19
Bristow Group Inc. to Report Q4, 2024 Results on Feb 26, 2025 Bristow Group Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Shefali Shah was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.99 (vs US$0.15 in 3Q 2023) Third quarter 2024 results: EPS: US$0.99 (up from US$0.15 in 3Q 2023). Revenue: US$365.1m (up 11% from 3Q 2023). Net income: US$28.2m (up US$23.9m from 3Q 2023). Profit margin: 7.7% (up from 1.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 06
Bristow Group Inc. Provides Earnings Guidance for the Calendar Years 2024, 2025 and 2026 Bristow Group Inc. provided earnings guidance for the calendar years 2024, 2025 and 2026. For the year 2024, the company expects total operating revenues of USD 1,355 million to USD 1,410 million.
For the year 2025, the company expects total operating revenues of USD 1,440 million to USD 1,615 million.
For the year 2026, the company expects total operating revenues of USD 1,525 million to USD 1,775 million. Announcement • Oct 29
Bristow Group Inc. to Report Q3, 2024 Results on Nov 05, 2024 Bristow Group Inc. announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 New Risk • Aug 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €209k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (€209k sold). New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.8% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.99 (vs US$0.058 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.99 (up from US$0.058 loss in 2Q 2023). Revenue: US$359.7m (up 16% from 2Q 2023). Net income: US$28.2m (up US$29.8m from 2Q 2023). Profit margin: 7.8% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Bristow Group Inc. Provides Earnings Guidance for the Calendar Years 2024, 2025 and 2026 Bristow Group Inc. provided earnings guidance for the calendar years 2024, 2025 and 2026. For the year 2024, the company expects total operating revenues of USD 1,355 million to USD 1,415 million.
For the year 2025, the company expects total operating revenues of USD 1,440 million to USD 1,615 million.
For the year 2026, the company expects total operating revenues of USD 1,525 million to USD 1,775 million. Announcement • Jul 30
Bristow Group Inc. to Report Q2, 2024 Results on Aug 06, 2024 Bristow Group Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Shefali Shah was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.054 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.23 (up from US$0.054 loss in 1Q 2023). Revenue: US$337.1m (up 15% from 1Q 2023). Net income: US$6.61m (up US$8.13m from 1Q 2023). Profit margin: 2.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Bristow Group Inc. Affirms Earnings Guidance for the Year 2024 and Provides Earnings Guidance for the Year 2025 and 2026 Bristow Group Inc. affirmed Earnings guidance for the year 2024 and provided Earnings guidance for the year 2025 and 2026. For the year 2024, the company expects total operating revenues of $1,290 million to $1,465 million.For the year 2025, the company expects total operating revenues of $1,390 million to $1,615 million.For the year 2026, the company expects total operating revenues of $1,525 million to $1,775 million. Announcement • Apr 28
Bristow Group Inc. to Report Q1, 2024 Results on May 07, 2024 Bristow Group Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Announcement • Apr 23
Bristow Group Inc., Annual General Meeting, Jun 05, 2024 Bristow Group Inc., Annual General Meeting, Jun 05, 2024, at 08:00 Central Standard Time. Agenda: To elect nine directors to serve until the 2025 Annual Meeting of Stockholders; to approve, on an advisory basis, named executive officer compensation; to consider and vote upon a proposed amendment to the Company's 2021 Equity Incentive Plan; and to ratify the appointment of KPMG LLP as the Company's independent auditors for 2024. Recent Insider Transactions • Mar 22
Insider recently sold €217k worth of stock On the 19th of March, David Stepanek sold around 9k shares on-market at roughly €24.06 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €737k more than they bought in the last 12 months. Reported Earnings • Mar 06
Full year 2023 earnings released: US$0.24 loss per share (vs US$0.64 profit in FY 2022) Full year 2023 results: US$0.24 loss per share (down from US$0.64 profit in FY 2022). Revenue: US$1.30b (up 8.4% from FY 2022). Net loss: US$6.78m (down 138% from profit in FY 2022). Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Mar 06
Bristow Group Inc. Announces Revenue Guidance for the Year 2024 Bristow Group Inc. announced revenue guidance for the year 2024. For the year, the company expects Total operating revenues of $1,290 million - $1,465 million. Announcement • Feb 28
Bristow Group Inc. to Report Q4, 2023 Results on Mar 05, 2024 Bristow Group Inc. announced that they will report Q4, 2023 results After-Market on Mar 05, 2024 Announcement • Dec 11
Bristow Group Inc Appoints Shefali Shah to Its Board of Directors Bristow Group Inc. announced that Shefali Shah has been appointed to its Board of Directors. The appointment to the new director position is effective immediately. Shah currently serves as Executive Vice President, Chief Administrative Officer, and General Counsel for Avaya Holdings Corp. (Avaya), which provides customer experience solutions to many of the world's largest brands, where she is responsible for strategic initiatives. Prior to joining Avaya, Shah worked at Era Group Inc. (now Bristow Group Inc.), where she served as Senior Vice President, General Counsel, and Corporate Secretary. She helped facilitate Era's transition to an independent public company and managed its legal, human resources, and corporate communications functions. Shah has also held several senior management roles, including Senior Vice President, General Counsel and Corporate Secretary with Comverse Technology Inc., which developed and marketed telecommunications software. She began her legal career as a corporate associate for both Weil, Gotshal & Manges LLP and Hutchins, Wheeler & Dittmar, P.C. She holds a Bachelor of Science in Business Administration from Boston University, and a Juris Doctor from Duke University Law School. Recent Insider Transactions • Nov 19
Independent Director recently sold €103k worth of stock On the 15th of November, Wesley Kern sold around 4k shares on-market at roughly €25.20 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €338k more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$0.15 (vs US$0.59 in 3Q 2022) Third quarter 2023 results: EPS: US$0.15 (down from US$0.59 in 3Q 2022). Revenue: US$330.3m (up 10% from 3Q 2022). Net income: US$4.32m (down 74% from 3Q 2022). Profit margin: 1.3% (down from 5.5% in 3Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 02
Bristow Group Inc. Provides Revenue Guidance for the Calendar Years 2023 and 2024 Bristow Group Inc. provided earnings guidance for the calendar years 2023 and 2024. For the year 2023, the company expects total operating revenues of USD 1,240 million to USD 1,272 million.For the year 2024, the company expects total operating revenues of USD 1,295 million to USD 1,465 million. Announcement • Oct 25
Bristow Group Inc. to Report Q3, 2023 Results on Nov 01, 2023 Bristow Group Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €33.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.6% in a year. Earnings is forecast to grow by 115% in the next year. Reported Earnings • Aug 03
Second quarter 2023 earnings released: US$0.058 loss per share (vs US$0.14 profit in 2Q 2022) Second quarter 2023 results: US$0.058 loss per share (down from US$0.14 profit in 2Q 2022). Revenue: US$319.4m (up 5.8% from 2Q 2022). Net loss: US$1.64m (down 141% from profit in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Bristow Group Inc. Provides Earnings Guidance for the Calendar Years 2023 and 2024 Bristow Group Inc. provided earnings guidance for the calendar years 2023 and 2024. For the year 2023, the company expects total operating revenues of USD 1,200 million to USD 1,310 million.For the year 2024, the company expects total operating revenues of USD 1,295 million to USD 1,465 million. Announcement • Jul 28
Bristow Group Inc. to Report Q2, 2023 Results on Aug 02, 2023 Bristow Group Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Director Maryanne Miller was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 23
Bristow Group Inc. Provides Earnings Guidance for the Years of 2023 and 2024 Bristow Group Inc. provided earnings guidance for the years of 2023 and 2024. For the year 2023, the company expects total operating revenues of $1,200 million to $1,310 million.For the year 2024, the company expects total operating revenues of $1,295 million to $1,465 million. New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Significant insider selling over the past 3 months (€172k sold). Recent Insider Transactions • Jun 07
Insider recently sold €172k worth of stock On the 5th of June, David Stepanek sold around 7k shares on-market at roughly €23.42 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €227k more than they bought in the last 12 months. Announcement • May 05
Bristow Group Inc. Affirms Earnings Guidance for the Full Year 2023 Bristow Group Inc. affirmed earnings guidance for the full year 2023. For the year, the company now expects total operating revenues to be $1,200 million to $1,310 million. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €20.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Energy Services industry in Europe. Total loss to shareholders of 38% over the past year. Reported Earnings • Mar 10
Third quarter 2023 earnings released: US$0.25 loss per share (vs US$0.002 loss in 3Q 2022) Third quarter 2023 results: US$0.25 loss per share (further deteriorated from US$0.002 loss in 3Q 2022). Revenue: US$304.3m (up 6.8% from 3Q 2022). Net loss: US$6.98m (loss widened US$6.92m from 3Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Announcement • Feb 12
Bristow Group Inc Announces Executive Changes As a result of an assessment of its organizational structure, on February 9, 2023, Bristow Group Inc. (the “Company”) made the following executive appointments: Stuart Stavley was appointed to the newly-created role of Chief Operating Officer, Offshore Energy Services. Alan Corbett was appointed to the newly-created role of Chief Operating Officer, Government Services. Each of Mr. Stavley and Mr. Corbett commenced working in their new positions on February 9, 2023. As a result, on such date, (i) Mr. Stavley ceased to serve as the Company’s Senior Vice President, Global Fleet Management, and (ii) Mr. Corbett ceased to serve as the Company’s Senior Vice President, Europe, Africa, Middle East, Asia and Australia and Search and Rescue, and each of the foregoing positions was eliminated. Mr. Stavley, age 50, served as the Company’s Senior Vice President, Global Fleet Management from June 2020 until his appointment as Chief Operating Officer, Offshore Energy Services on February 9, 2023. He previously served as the Senior Vice President, Operations and Fleet Management of Era Group Inc. (“Era”) from October 2014 to June 2020. Mr. Stavley served in numerous other positions since joining Era in 1993, including serving as Senior Vice President, Fleet Management from October 2012 to October 2014, as Vice President, Fleet Management from October 2010 to October 2012, as Director of Technical Services from September 2008 to October 2010, as Director of Maintenance from September 2005 to 2008, as Chief Inspector and as Field Aviation Maintenance Technician. Announcement • Dec 17
Bristow Group Inc., Annual General Meeting, Jun 07, 2023 Bristow Group Inc., Annual General Meeting, Jun 07, 2023. Announcement • Dec 07
Bristow Names Elizabeth Matthews as Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary, Effective December 21, 2022 Bristow Group Inc. announced that Elizabeth Matthews has been named Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary, effective December 21, 2022. In this role, she is responsible for legal, compliance, government affairs, and contract review and management. Matthews has over 25 years of legal experience providing counsel across several different industries. Her broad legal expertise includes commercial, corporate, M&A, litigation, intellectual property, and compliance. Notably, she's spent the past 21 years working in the energy sector, developing xtensive knowledge in all facets of the industry and energy law. Matthews most recently served as the Deputy Managing Director, Executive Vice President and General Counsel at TotalEnergies in the U.S., a diversified global energy company headquartered in Paris, France. During her tenure at TotalEnergies, which began in 2013, she managed all legal support within the U.S. and served as Deputy Managing Director for TotalEnergies'U.S. businesses, which included providing strategic direction, driving corporate growth and innovation, and supporting a company transformation to renewable energies. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Wesley Kern is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: US$0.59 (vs US$0.098 in 2Q 2022) Second quarter 2023 results: EPS: US$0.59 (up from US$0.098 in 2Q 2022). Revenue: US$307.3m (up 5.9% from 2Q 2022). Net income: US$16.5m (up 495% from 2Q 2022). Profit margin: 5.4% (up from 1.0% in 2Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Energy Services industry in Europe. Announcement • Oct 28
Bristow Group Inc. to Report Q2, 2023 Results on Nov 02, 2022 Bristow Group Inc. announced that they will report Q2, 2023 results After-Market on Nov 02, 2022 Announcement • Oct 16
Bristow Group Inc. Announces Resignation of Crystal Gordon as Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary, Effective October 31, 2022 On October 11, 2022, Crystal Gordon, Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary of Bristow Group Inc., submitted her resignation from her position with the Company, effective October 31, 2022. Ms. Gordon’s decision to leave the Company for another career opportunity. Recent Insider Transactions • Sep 22
Independent Director recently sold €55k worth of stock On the 19th of September, Brian Truelove sold around 2k shares on-market at roughly €27.61 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €236k more than they bought in the last 12 months. Announcement • Aug 06
Bristow Group Inc. (NYSE:VTOL) announces an Equity Buyback for $40 million worth of its shares. Bristow Group Inc. (NYSE:VTOL) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its shares. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: US$0.14 (vs US$0.49 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.14 (up from US$0.49 loss in 1Q 2022). Revenue: US$301.7m (up 4.6% from 1Q 2022). Net income: US$3.99m (up US$18.2m from 1Q 2022). Profit margin: 1.3% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 2.8%, compared to a 18% growth forecast for the industry in Germany. Announcement • Aug 04
Bristow Group Inc. (NYSE:VTOL) completed the acquisition of British International Helicopter Services Ltd. Bristow Group Inc. (NYSE:VTOL) agreed to acquire British International Helicopter Services Ltd. on April 29, 2022. The acquisition is an all-cash transaction. Bristow will integrate BIH into its U.K. operations, where BIH will adopt the Bristow name and brand throughout its operations and is expected to close in the third quarter of 2022, following required regulatory approvals and satisfaction of other customary closing conditions.
Bristow Group Inc. (NYSE:VTOL) completed the acquisition of British International Helicopter Services Ltd. on August 3, 2022. Bristow will integrate BIH into its U.K. operations, where BIH will adopt the Bristow name and brand throughout its operations. Announcement • Jul 28
Bristow Group Inc. to Report Q1, 2023 Results on Aug 04, 2022 Bristow Group Inc. announced that they will report Q1, 2023 results After-Market on Aug 04, 2022 Announcement • Jun 22
Bristow Group Inc., Annual General Meeting, Aug 02, 2022 Bristow Group Inc., Annual General Meeting, Aug 02, 2022, at 09:00 Central Daylight. Announcement • Jun 17
Bristow Group Inc. Announces Resignation of Charles Fabrikant from the Board of Directors Effective June 10, 2022, Charles Fabrikant resigned from the Board of Directors of Bristow Group Inc. Mr. Fabrikant served as a member of the Board’s Audit Committee. His resignation is not the result of any disagreement with the Company. The Board has reduced the size of the Board to eight members in accordance with the Company's bylaws to eliminate the vacancy created by Mr. Fabrikant’s resignation. Reported Earnings • Jun 02
Full year 2022 earnings released: US$0.55 loss per share (vs US$3.12 profit in FY 2021) Full year 2022 results: US$0.55 loss per share (down from US$3.12 profit in FY 2021). Revenue: US$1.14b (flat on FY 2021). Net loss: US$15.8m (down 121% from profit in FY 2021). Over the next year, revenue is forecast to grow 12%, compared to a 20% growth forecast for the industry in Germany. Announcement • May 28
Bristow Group Inc. to Report Q4, 2022 Results on May 31, 2022 Bristow Group Inc. announced that they will report Q4, 2022 results After-Market on May 31, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Independent Director Brian Truelove is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Mar 09
Independent Chairman recently sold €76k worth of stock On the 1st of March, G. Mickelson sold around 3k shares on-market at roughly €30.29 per share. In the last 3 months, there was an even bigger sale from another insider worth €105k. This was G.'s only on-market trade for the last 12 months. Recent Insider Transactions • Feb 22
Insider recently sold €105k worth of stock On the 14th of February, David Stepanek sold around 4k shares on-market at roughly €26.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €293k more than they bought in the last 12 months. Reported Earnings • Feb 05
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: US$0.002 loss per share (up from US$1.97 loss in 3Q 2021). Revenue: US$295.6m (down 1.6% from 3Q 2021). Net loss: US$56.0k (loss narrowed 100% from 3Q 2021). Profit margin: 0% (up from net loss in 3Q 2021). Revenue missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 6.3%, compared to a 19% growth forecast for the industry in Germany. Announcement • Jan 28
Bristow Group Inc. to Report Q3, 2022 Results on Feb 03, 2022 Bristow Group Inc. announced that they will report Q3, 2022 results After-Market on Feb 03, 2022 Reported Earnings • Nov 04
Second quarter 2022 earnings released: EPS US$0.098 (vs US$0.95 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$301.6m (up 2.0% from 2Q 2021). Net income: US$2.78m (up US$30.6m from 2Q 2021). Profit margin: 0.9% (up from net loss in 2Q 2021). Executive Departure • Sep 23
VP & Chief Accounting Officer Christopher Gillette has left the company On the 17th of September, Christopher Gillette's tenure as VP & Chief Accounting Officer ended after 2.4 years in the role. We don't have any record of a personal shareholding under Christopher's name. Christopher is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Aug 22
Insider recently sold €86k worth of stock On the 17th of August, David Stepanek sold around 4k shares on-market at roughly €22.98 per share. In the last 3 months, there was an even bigger sale from another insider worth €169k. Insiders have been net sellers, collectively disposing of €188k more than they bought in the last 12 months. Recent Insider Transactions • Aug 12
Independent Director recently bought €114k worth of stock On the 6th of August, Robert Manzo bought around 5k shares on-market at roughly €22.74 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €27k more in shares than they have sold in the last 12 months. Announcement • Aug 07
Bristow Group Inc. Announces Loss on Impairment for First Quarter Ended June 30, 2021 Bristow Group Inc. announced loss on impairment for first quarter ended June 30, 2021. For the quarter, loss on impairment was $21,934,000. Reported Earnings • Aug 05
First quarter 2022 earnings released: US$0.48 loss per share (vs US$18.41 profit in 1Q 2021) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: US$300.6m (up 15% from 1Q 2021). Net loss: US$14.2m (down 107% from profit in 1Q 2021). Recent Insider Transactions • Jun 25
Senior VP recently sold €169k worth of stock On the 22nd of June, Crystal Gordon sold around 7k shares on-market at roughly €23.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €86k more than they bought in the last 12 months. Reported Earnings • May 28
Full year 2021 earnings released: US$2.28 loss per share (vs US$28.20 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: US$1.14b (down 4.3% from FY 2020). Net loss: US$56.1m (loss narrowed 92% from FY 2020). Announcement • Mar 16
Angeion Group Proposes Class Action Settlement in Bristow Group Inc. Securities Litigation Angeion Group proposed class action settlement In re Bristow Group Inc. Securities Litigation, Case No.: 4:19-cv-00509 (KPE). To all persons or entities who, between February 8, 2018 and February 12, 2019, inclusive, purchased or otherwise acquired Bristow Group Inc. ("Bristow") Common Stock, and were damaged thereby (the "Settlement Class"): pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of Texas, that the above-captioned litigation (the "Action") has been certified as a class action on behalf of the Settlement Class, except for certain persons and entities who are excluded from the Settlement Class by definition as set forth in the full printed Notice of (I) Pendency of Class Action, Certification of Settlement Class, and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice"). Plaintiffs in the Action have reached a proposed settlement of the Action for $6,250,000 in cash (the "Settlement"), that, if approved, will resolve all claims, both known and unknown, in the Action. A hearing will be held on August 6, 2021 at 2:00 p.m., before the Honorable Keith P. Ellison at the United States District Court for the Southern District of Texas, United States Courthouse, Courtroom 3176, 515 Rusk Avenue, Houston, TX 77002, to determine whether the proposed Settlement should be approved as fair, reasonable, and adequate; whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation and Agreement of Settlement dated January 27, 2021 (and in the Notice) should be granted; whether the proposed Plan of Allocation should be approved as fair and reasonable; and whether Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved. Announcement • Feb 12
Bristow Group Inc., Annual General Meeting, Aug 03, 2021 Bristow Group Inc., Annual General Meeting, Aug 03, 2021. Reported Earnings • Feb 04
Third quarter 2021 earnings released: US$1.97 loss per share (vs US$34.27 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$300.3m (up 1.8% from 3Q 2020). Net loss: US$57.1m (loss narrowed 91% from 3Q 2020). Announcement • Jan 27
Bristow Group Inc. to Report Q3, 2021 Results on Feb 02, 2021 Bristow Group Inc. announced that they will report Q3, 2021 results After-Market on Feb 02, 2021 Is New 90 Day High Low • Dec 12
New 90-day high: €23.70 The company is up 17% from its price of €20.20 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 31% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: €21.40 The company is up 6.0% from its price of €20.25 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 15% over the same period. Reported Earnings • Nov 05
Second quarter 2021 earnings released: US$0.95 loss per share The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2021 results: Revenue: US$304.6m (flat on 2Q 2020). Net loss: US$27.9m (loss narrowed 82% from 2Q 2020). Announcement • Oct 29
Bristow Group Inc. to Report Q2, 2021 Results on Nov 04, 2020 Bristow Group Inc. announced that they will report Q2, 2021 results at 5:00 PM, Eastern Standard Time on Nov 04, 2020 
