Bridger Aerospace Group (NasdaqGM:BAER) Q3 2025 Earnings Call November 06, 2025 05:00 PM ET Speaker1Good afternoon, and thanks for joining us today. Joining me on the call this afternoon is Chief Executive Officer Sam Davis. Before we begin, please note that certain statements contained in this conference call that do not describe historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Since forward-looking statements are based on various assumptio ...

EXHIBIT 99.1 Third Quarter 2025 Results Revenue for the third quarter of 2025 was $67.9 million compared to $64.5 million in the third quarter of 2024, an increase of 5%. Excluding $2.1 million of revenue for return to service work performed on the four Spanish Super Scoopers as part of our partnership agreement with MAB Funding, LLC ("MAB"), in the third quarter of Record third quarter revenue of $67.9 million brings nine-month revenue to $114.3 million Third quarter net income jumps 26% to $34.5 million, ...

Recent Federal Wildfire Initiatives and Financing Transaction to Accelerate GrowthBELGRADE, Mont., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported record results for the third quarter ended September 30, 2025. Third Quarter and Recent Highlights: Record third quarter revenue of $67.9 million brings nine-month revenue to $114.3 millionThi ...

Bridger Aerospace Group Holdings Inc. (NASDAQ:BAER) is one of the best stocks under $3 to invest in. On October 29, Bridger Aerospace Group Holdings announced that it secured new financing commitments totaling up to $331.5 million through a new senior secured facility led by Bain Capital’s Private Credit Group. The new $331.5 million Senior Secured Credit Facility is structured into three parts: a $21.5 million Revolving Credit Facility, a $210 million Senior Secured Term Loan, and a $100 million Fleet Ex ...

Core Points - Bridger Aerospace Group Holdings, Inc. will release its financial results for Q3 2025 on November 6, 2025, after market close [1] - An investor conference call is scheduled for November 6 at 5:00 p.m. Eastern Time to discuss the results and business outlook [2] - The company will participate in the Sidoti Year End Virtual Investor Conference on December 10 and 11, 2025, with a live presentation on December 10 at 4:00 PM ET [4][5] Company Overview - Bridger Aerospace is one of the largest aerial firefighting companies in the United States, providing services to federal and state agencies, including the U.S. Forest Service [6]

Core Insights - Bridger Aerospace Group Holdings, Inc. announced a new senior secured facility of up to $331.5 million led by Bain Capital's Private Credit Group, marking a significant financial milestone for the company [1][3] - The financing will refinance Bridger's existing $160 million municipal bond, consolidate current debt, and provide financial flexibility for future fleet expansion [2][3] Financial Details - The $331.5 million facility includes a $21.5 million Revolving Credit Facility, a $210 million Senior Secured Term Loan, and a $100 million Fleet Expansion Facility [3] - The refinancing and new facility are expected to enhance the company's ability to grow organically and support contract expansion, driving EBITDA growth and long-term shareholder value [3][4] Strategic Partnerships - Bridger Aerospace expressed gratitude towards strategic partners such as Bain Capital, Crestline, Power Sustainable, and Foundation Credit for their support in this financing [4] - The investment from Bain Capital reflects confidence in Bridger's long-term vision and its ability to deliver mission-critical services to government agencies [4] Business Operations - Bridger Aerospace is one of the largest aerial firefighting companies in the U.S., providing services to federal and state agencies, including the U.S. Forest Service [5] - The company aims to innovate and deploy advanced technology in the aerial firefighting industry while focusing on protecting lives, property, and the environment [4]

Core Insights - SR Aviation Infrastructure (SRAI) has acquired the Bridger Hangar Complex at Bozeman Yellowstone International Airport, which includes three hangars totaling 118,000 square feet and a site for a future 40,000 square foot hangar [1][3] - The existing hangars have been leased back to Bridger Aerospace under a 10-year lease agreement, allowing the company to continue its operations at this location [2] - The acquisition aligns with SRAI's strategy to invest in high-quality aviation assets in growing markets, with Bozeman identified as a prime location for private and general aviation infrastructure [3] Company Overview - SRAI is focused on acquiring, developing, and leasing aviation-related real estate, addressing the supply-demand imbalance in aviation real estate across the United States [3] - Current holdings include Quail Air Center in Las Vegas and a private hangar complex at San Antonio International Airport, with the Bridger Hangar Complex being the third acquisition [3] Market Potential - Bozeman is recognized for its growth potential, servicing popular destinations like Big Sky Ski Resort and Yellowstone, indicating a strong demand for aviation infrastructure [3] - The planned expansion of hangar space is expected to meet the increasing needs of the market, enhancing SRAI's portfolio and investment strategy [3]

Core Insights - Bridger Aerospace Group Holdings, Inc. has completed a sale-leaseback transaction of its headquarters and hangar facilities for approximately $49 million with SR Aviation Infrastructure, enhancing its financial flexibility and supporting fleet expansion [1][7]. Company Overview - Bridger Aerospace is one of the largest aerial firefighting companies in the U.S., providing services to federal and state agencies, including the U.S. Forest Service [6]. - The company is headquartered in Belgrade, Montana, and is committed to supporting local and state communities [2][6]. Transaction Details - The sale-leaseback involves a ten-year lease agreement, allowing Bridger to maintain its operational base for aerial firefighting missions while leveraging real estate value for capital [1][7]. - This transaction is viewed as a pivotal moment for the company, enabling it to prioritize fleet expansion and fulfill new contracts [2][4]. Strategic Goals - Bridger aims to set industry standards for efficiency and safety in aerial firefighting, focusing on acquiring advanced technology and aircraft to support new contracts with various government entities [4]. - The company emphasizes its commitment to financial resilience and community support through strategic partnerships [4]. About SR Aviation Infrastructure - SR Aviation Infrastructure, a subsidiary of SomeraRoad, specializes in acquiring and developing aviation-related real estate, addressing supply-demand imbalances in the sector [5]. - The Bridger Hangar Complex marks SRAI's third acquisition, expanding its portfolio of aviation assets [5].

Core Insights - Bridger Aerospace Group Holdings, Inc. supports the federal government's Wildland Fire Service Plan aimed at modernizing wildfire response as part of the President's Executive Order 14308 [1][2] Company Overview - Bridger Aerospace is one of the largest aerial firefighting companies in the U.S., providing services to federal and state agencies, including the U.S. Forest Service [5] Legislative Developments - The bipartisan Fire Ready Nation Act of 2025 was passed unanimously by the Senate, focusing on enhancing federal wildfire forecasting, prevention, and response capabilities [3] - The Department of the Interior's Secretary's Order 3443 will establish the U.S. Wildland Fire Service with implementation planned for January 2026 [2][3] Strategic Priorities - The Wildland Fire Service Plan emphasizes five interdependent priorities: addressing systemic inefficiencies, strengthening interagency coordination, improving federal partnerships, ensuring mission-ready technology investments, and integrating pre- and post-fire activities into a comprehensive strategy [6] Company Positioning - Bridger Aerospace is well-positioned to contribute to wildfire preparedness and suppression efforts, leveraging its extensive Air Attack fleet and the largest private Super Scooper fleet globally [4]

Company Overview - BK Technologies Corp. (BKTI) designs and manufactures mission-critical communications equipment primarily for government and public safety applications [1] - The company has a Software-as-a-Service (SaaS) division that develops public safety smartphone applications, including BKRplay and InteropONE [2] Product and Market Performance - The BKR 9000 multiband radio is driving growth through adoption by federal, state, and local agencies, leveraging competitive pricing as a unified platform replacement for legacy systems [4] - Gross Margin in Q2 expanded sharply to 47.4% from 37.3% in the prior year, driven by a favorable product mix and efficiencies from outsourced manufacturing [5] - The company achieved a 77.5% year-over-year improvement in adjusted EBITDA, indicating strong financial performance [5] Valuation Metrics - The stock is currently trading at 3.1X trailing 12-month EV/Sales, compared to 3.9X for the Zacks sub-industry and 7.5X for the Zacks sector [6] - The stock is trading at 18.2X trailing 12-month EV/EBITDA, which is lower than the Zacks sub-industry average of 29.6X [6] Historical Stock Performance - Over the past five years, the stock has traded as high as 3.3X and as low as 0.4X, with a five-year median of 0.8X [6] - In the past year, the stock has traded as high as 19.1X and as low as 7.6X, with a one-year median of 12.4X [7]