Duyuru • 1h
Bristow Group Inc. (NYSE:VTOL) completed the acquisition of Berry Aviation, Inc. from Acorn Growth Companies, LLC. Bristow Group Inc. (NYSE:VTOL) entered into a definitive agreement to acquire Berry Aviation, Inc. from 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. Samantha Crispin, Carina Antweil, Nic O'Brien, Jonathan Goldstein, Jon Lobb, Cynthia Washington, Liz Singleton, Paul Luther, Ted Posner, Ron Aizen, Jeremy Gott of 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.
Bristow Group Inc. (NYSE:VTOL) completed the acquisition of Berry Aviation, Inc. from Acorn Growth Companies, LLC on July 14, 2026.
KippsDeSanto & Co. acted as exclusive financial advisor and McAfee & Taft served as legal counsel to Acorn Growth Companies, LLC. Canlı Haber • 13h
Bristow Group Acquires Berry Aviation in $105 Million Deal Expanding Government Services Bristow Group has completed a US$105 million all-cash acquisition of Berry Aviation from Acorn Capital Management, adding a business that generated about US$108 million in 2025 revenue, roughly 72% of which came from government services.
The deal brings Bristow deeper into special-mission, government aviation and unmanned aircraft operations, and adds Berry’s maintenance, repair and overhaul, cargo and unmanned aircraft systems activities to Bristow’s existing portfolio.
Bristow Group shares trade at US$43.35, with the stock up 16.1% year to date.
This acquisition gives Bristow Group a larger footprint in government-backed aviation work and unmanned systems, which may change the company’s revenue mix and risk profile, particularly its exposure to government contract cycles and integration execution. Canlı Haber • Jun 24
Bristow Group Agrees to Acquire Berry Aviation for $105 Million and Exit Norway Business Bristow Group has agreed to acquire Berry Aviation from Acorn Capital Management for $105 million in cash, with closing targeted for the third quarter of 2026, and is also planning to exit its Norway Offshore Energy Services business.
Management expects Berry Aviation’s government and special mission contracts, supported by a fleet of more than 20 aircraft serving U.S. defense and government clients, to broaden Bristow Group’s Government Services platform and shift its revenue mix toward what the company views as more durable government and defense work.
Bristow Group shares trade at $42.63, with the stock up 14.2% year to date.
This combination of a government-focused acquisition and a country-level exit marks a clear reset of Bristow Group’s business mix. It puts more weight on contract-driven government services and less on offshore energy exposure, and it introduces execution risk around integration and the Norway wind-down. Duyuru • 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. Canlı Haber • Jun 08
Bristow Group Eyes Earnings Growth With Long-Term Contracts and Advanced Air Mobility Initiatives Bristow Group expects earnings growth tied to the ramp-up of long-term government search and rescue contracts in Ireland and the UK, which are scheduled to be fully operational by late 2026.
These multi-year contracts are described as offering high revenue visibility and relatively stable cash flows over the next decade.
The company has introduced a dividend and share repurchase program while also highlighting opportunities in offshore energy services and Advanced Air Mobility.
The key takeaway is that Bristow is leaning on contracted government work for predictable cash flows, while keeping upside potential from offshore energy and Advanced Air Mobility opportunities.
Investors may want to watch how margin pressures from supply chain issues and higher operating costs evolve, since these can affect how much of that expected cash flow actually reaches the bottom line and supports shareholder returns. Upcoming Dividend • May 11
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 3.2% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.8%). Duyuru • 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. Reported Earnings • May 07
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: US$0.45 (down from US$0.95 in 1Q 2025). Revenue: US$388.7m (up 11% from 1Q 2025). Net income: US$13.1m (down 52% from 1Q 2025). Profit margin: 3.4% (down from 7.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Duyuru • 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. Duyuru • 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 Recent Insider Transactions Derivative • Mar 09
Senior VP & CFO exercised options and sold US$260k worth of stock On the 2nd of March, Jennifer Whalen exercised 12k options at a strike price of around US$24.54 and sold these shares for an average price of US$46.86 per share. This trade did not impact their existing holding. Since March 2025, Jennifer's direct individual holding has increased from 58.30k shares to 107.59k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Mar 06
Price target increased by 10% to US$60.67 Up from US$55.00, the current price target is an average from 3 analysts. New target price is 36% above last closing price of US$44.60. Stock is up 37% over the past year. The company is forecast to post earnings per share of US$5.02 for next year compared to US$4.47 last year. Recent Insider Transactions • Mar 06
President recently sold US$3.2m worth of stock On the 27th of February, Christopher Bradshaw sold around 68k shares on-market at roughly US$47.51 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Christopher has been a net seller over the last 12 months, reducing personal holdings by US$5.8m. Recent Insider Transactions Derivative • Mar 01
Insider notifies of intention to sell stock Stuart Stavley intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of February. If the sale is conducted around the recent share price of US$47.02, it would amount to US$1.2m. Since March 2025, Stuart's direct individual holding has increased from 38.45k shares to 50.10k. Company insiders have collectively sold US$7.1m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 26
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$4.47 (up from US$3.32 in FY 2024). Revenue: US$1.49b (up 5.3% from FY 2024). Net income: US$129.1m (up 36% from FY 2024). Profit margin: 8.7% (up from 6.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • 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. Duyuru • 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 Price Target Changed • Jan 23
Price target increased by 12% to US$52.50 Up from US$47.00, the current price target is an average from 2 analysts. New target price is 20% above last closing price of US$43.75. Stock is up 24% over the past year. The company is forecast to post earnings per share of US$4.68 for next year compared to US$3.32 last year. Duyuru • 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. Recent Insider Transactions Derivative • Nov 16
Independent Chairman notifies of intention to sell stock G. Mickelson intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of November. If the sale is conducted around the recent share price of US$38.10, it would amount to US$381k. Since June 2025, Mickelson has owned 60.77k shares directly. Company insiders have collectively sold US$6.7m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 14
Independent Director recently sold US$233k worth of stock On the 11th of November, Robert Manzo sold around 6k shares on-market at roughly US$38.75 per share. This transaction amounted to 18% 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 US$4.4m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 06
Insider exercised options and sold US$539k worth of stock On the 31st of October, Alan Corbett exercised 20k options at a strike price of around US$14.01 and sold these shares for an average price of US$40.70 per share. This trade did not impact their existing holding. Since March 2025, Alan's direct individual holding has increased from 58.60k shares to 65.54k. Company insiders have collectively sold US$6.5m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$1.79 (up from US$0.99 in 3Q 2024). Revenue: US$386.3m (up 8.4% from 3Q 2024). Net income: US$51.5m (up 83% from 3Q 2024). Profit margin: 13% (up from 7.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 115%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • 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. Duyuru • 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 Duyuru • 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. Recent Insider Transactions Derivative • Aug 13
President exercised options and sold US$1.8m worth of stock On the 7th of August, Christopher Bradshaw exercised 83k options at a strike price of around US$15.76 and sold these shares for an average price of US$37.18 per share. This trade did not impact their existing holding. For the year to March 2020, Christopher's total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Christopher's direct individual holding has decreased from 259.19k shares to 232.55k. Company insiders have collectively sold US$5.9m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Aug 10
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: US$971k 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: Minor Risks High level of debt (46% net debt to equity). Significant insider selling over the past 3 months (US$971k sold). Recent Insider Transactions • Aug 10
Independent Director recently sold US$371k worth of stock On the 7th of August, Robert Manzo sold around 10k shares on-market at roughly US$37.11 per share. This transaction amounted to 23% 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 US$1.3m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 09
Insider notifies of intention to sell stock Stuart Stavley intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of August. If the sale is conducted around the recent share price of US$37.10, it would amount to US$371k. Since March 2025, Stuart's direct individual holding has increased from 38.45k shares to 45.13k. Company insiders have collectively sold US$411k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: US$0.15 (vs US$0.99 in 2Q 2024) Second quarter 2025 results: EPS: US$0.15 (down from US$0.99 in 2Q 2024). Revenue: US$25.9m (down 93% from 2Q 2024). Net income: US$4.39m (down 84% from 2Q 2024). Profit margin: 17% (up from 8.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • 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. Duyuru • 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 Major Estimate Revision • May 18
Consensus EPS estimates increase by 19% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$2.94 to US$3.48. Revenue forecast unchanged at US$1.53b. Net income forecast to shrink 10% next year vs 5.4% growth forecast for Energy Services industry in the US . Consensus price target of US$48.50 unchanged from last update. Share price was steady at US$30.00 over the past week. Reported Earnings • May 07
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: US$0.95 (up from US$0.23 in 1Q 2024). Revenue: US$350.5m (up 6.4% from 1Q 2024). Net income: US$27.4m (up 314% from 1Q 2024). Profit margin: 7.8% (up from 2.0% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • 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 Duyuru • Apr 22
Bristow Group Inc., Annual General Meeting, Jun 04, 2025 Bristow Group Inc., Annual General Meeting, Jun 04, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$26.89, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Energy Services industry in the US. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$32.29, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Energy Services industry in the US. Total loss to shareholders of 17% over the past three years. Duyuru • 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. Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: US$4.28 loss per share (further deteriorated from US$0.24 loss in FY 2023). Revenue: US$1.42b (up 12% from FY 2023). Net loss: US$122.0m (loss widened US$115.3m from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Duyuru • 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 Reported Earnings • Nov 06
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 5.6% growth forecast for the Energy Services industry in the US. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • 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. Duyuru • 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 Major Estimate Revision • Aug 14
Consensus EPS estimates increase by 70% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$1.22 to US$2.06. Revenue forecast steady at US$1.42b. Net income forecast to grow 129% next year vs 17% growth forecast for Energy Services industry in the US. Consensus price target up from US$42.00 to US$48.50. Share price rose 9.5% to US$37.00 over the past week. Reported Earnings • Aug 07
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 140%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Energy Services industry in the US. 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 10% per year, which means it is significantly lagging earnings growth. Duyuru • 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. New Risk • Aug 06
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: US$117k 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 Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.1% net profit margin). Significant insider selling over the past 3 months (US$117k sold). Duyuru • 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 Recent Insider Transactions Derivative • Jun 16
Insider notifies of intention to sell stock David Stepanek intends to sell 17k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of June. If the sale is conducted around the recent share price of US$32.92, it would amount to US$549k. Since March 2024, David's direct individual holding has increased from 7.47k shares to 17.70k. Company insiders have collectively sold US$666k more than they bought, via options and on-market transactions in the last 12 months. 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. Price Target Changed • May 13
Price target increased by 7.7% to US$42.00 Up from US$39.00, the current price target is an average from 2 analysts. New target price is 22% above last closing price of US$34.55. Stock is up 53% over the past year. The company is forecast to post earnings per share of US$1.31 next year compared to a net loss per share of US$0.24 last year. Reported Earnings • May 08
First quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Energy Services industry in the US. 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. Duyuru • 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. Duyuru • 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 Duyuru • 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 US$236k worth of stock On the 19th of March, David Stepanek sold around 9k shares on-market at roughly US$26.13 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 US$798k more than they bought in the last 12 months.