I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Core Insights - Bristow Group Inc. released its 2024 Sustainability Report, emphasizing its commitment to responsible growth and sustainable practices [1][2] Group 1: Safety and Community Impact - The company achieved a 32% reduction in lost workdays in 2024, highlighting its focus on safety as a core value [2] - The UK Search and Rescue (SAR) team rescued 470 individuals during 2,870 missions, showcasing Bristow's role in community safety [2][8] Group 2: Sustainable Aviation Initiatives - Bristow secured an agreement to acquire 10 Leonardo AW189 helicopters, with options for 10 more, aimed at reducing CO₂ emissions and supporting sustainable aviation fuel (SAF) [3][8] - The company signed a letter of intent to participate in Norway's international test arena for zero- and low-emission aviation, indicating a commitment to future aviation innovation [3][8] Group 3: Ethical Leadership and Community Support - A new human rights supplier commitment process was implemented in Norway, with plans for global expansion in 2025, enhancing transparency and ethical standards [4] - Through the Bristow Uplift initiative, the company donated over $600,000 in 2024 to support local communities, reinforcing its corporate social responsibility [5]

Bristow Group (VTOL) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Redeate Tilahun - Senior Manager of Investor Relations & Financial ReportingChristopher Bradshaw - President & CEOJennifer Whalen - Senior VP & CFOLaura Li - Equity Research Associate Conference Call Participants Josh Sullivan - Equity Research Analyst - Industrial Technology, Aerospace & DefenseSteve Silver - Senior Equity Research AnalystNone - Analyst Operator Good day, everyone, and welcome to Bristol Group Reports ...

Bristow Group (VTOL) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Good day, everyone, and welcome to Bristol Group Reports First Quarter twenty twenty five Earnings Call. Today's call is being recorded. After the speakers' remarks, there will be a question and answer session. At this time, I'd like to turn over the call to Rhett Tillahunt, Senior Manager of Investor Relations and Financial Reporting. Speaker1 Thank you, Luke. Good morning, everyone, and welcome to Bristow Group's first quarter tw ...

Fleet and Operations - Bristow Group reported a total fleet of 211 aircraft as of March 31, 2025, comprising 194 helicopters, 13 fixed-wing aircraft, and 4 unmanned aerial systems[68]. - The company operates in three segments: Offshore Energy Services (68% of total revenues), Government Services (25%), and Other Services (7%) for the three months ended March 31, 2025[70]. - The average age of the helicopters in the fleet is 15 years, with heavy helicopters like the S92 having a maximum passenger capacity of 19[68]. - The company has 17 aircraft under construction and 5 on order, indicating ongoing fleet expansion efforts[70]. - Bristow's fleet includes 63 heavy helicopters, 67 medium helicopters, and 16 light twin-engine helicopters, showcasing a diverse operational capability[68]. - Bristow's operations are seasonally affected, with the highest activity levels typically from April to September due to increased daylight hours[65]. - The company has customers in multiple countries, including the U.S., Canada, Brazil, and Saudi Arabia, highlighting its global operational reach[64]. Financial Performance - Total revenues for the three months ended March 31, 2025, were $350.53 million, a decrease of 0.8% compared to $353.53 million for the previous quarter[75]. - Offshore Energy Services revenue decreased by $0.4 million, with Europe down $4.5 million due to lower utilization in the UK, while the Americas increased by $1.9 million and Africa by $2.2 million[78]. - Government Services revenue increased by $3.4 million, primarily due to the commencement of the Irish Coast Guard contract[79]. - Other Services revenue decreased by $6.0 million, mainly due to lower seasonal utilization in Australia and unfavorable foreign exchange impacts[80]. - Operating income for the three months ended March 31, 2025, was $33.55 million, an increase of 5.5% from $31.80 million in the previous quarter[75]. - Net income attributable to Bristow Group Inc. was $27.36 million, a decrease of 13.9% from $31.79 million in the previous quarter[75]. - Operating cash flows were negative at $(603,000), a decrease of $27.3 million compared to $26.68 million in the previous quarter[85]. - As of March 31, 2025, total revenues were $186,146 thousand, with an operating income of $17,509 thousand and a net income of $26,653 thousand[102]. Liquidity and Capital Commitments - As of March 31, 2025, total liquidity was $254.3 million, consisting of $191.1 million in unrestricted cash and $63.2 million available under the ABL Facility[92]. - Unfunded capital commitments totaled $169.2 million, primarily for the purchase of helicopters scheduled for delivery in 2025 and 2026[96]. - The company plans to finance future capital expenditures through a combination of cash on hand, operating cash flows, debt financing, and aircraft leasing[94]. - Current assets amounted to $2,483,599 thousand, while non-current assets were $2,392,118 thousand[102]. - Current liabilities were reported at $1,846,003 thousand, and non-current liabilities stood at $695,182 thousand[102]. - The company has non-cancelable operating leases with total undiscounted future payments of $288,087 thousand, including $249,370 thousand for aircraft[99]. Debt and Market Risks - The company issued 6.875% Senior Notes due 2028, which are fully guaranteed by several subsidiaries[100]. - The financial position of the Guarantors indicates the company's ability to meet obligations under the 6.875% Senior Notes[101]. - The company is exposed to market risks related to foreign currency exchange rates, credit risk, and interest rates[105]. - The exposure to market risk has not changed materially since December 31, 2024[106]. Strategic Focus and Risks - The management emphasizes the importance of diversifying government services and advanced air mobility as part of its business strategy[59]. - The company faces risks from supply chain disruptions, reliance on a limited number of helicopter manufacturers, and potential cyberattacks[59]. - There have been no material changes to critical accounting policies and estimates since the last Annual Report[103]. - The company may enter into opportunistic aircraft lease agreements under favorable market conditions[98].

Q1 2025 Earnings Presentation President and CEO Financial Review Jennifer Whalen SVP, Chief Financial Officer 04 Concluding Remarks Chris Bradshaw May 7, 2025 Q1 2025 Earnings Call Introduction Redeate (Red) Tilahun Senior Manager, Investor Relations and Financial Reporting Operational Highlights Chris Bradshaw 02 03 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, an ...

Exhibit 99.1 BRISTOW GROUP REPORTS FIRST QUARTER 2025 RESULTS AFFIRMS 2025 AND 2026 OUTLOOK RANGES Houston, Texas May 6, 2025 First Quarter Highlights FOR IMMEDIATE RELEASE — Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $27.4 million, or $0.92 per diluted share, for the quarter ended March 31, 2025 (the "Current Quarter") on total revenues of $350.5 million compared to net income attributable to the Company of $31.8 million, or $1.07 p ...

Core Insights - Bristow Group Inc. reported a net income of $27.4 million, or $0.92 per diluted share, for Q1 2025, a decrease from $31.8 million, or $1.07 per diluted share, in Q4 2024, with total revenues of $350.5 million compared to $353.5 million in the previous quarter [1][7][29] Financial Performance - Total revenues for Q1 2025 were $350.5 million, down 0.8% from $353.5 million in Q4 2024 [7][31] - Operating income increased to $33.5 million in Q1 2025 from $31.8 million in Q4 2024 [3][29] - Adjusted EBITDA for Q1 2025 was $57.7 million, consistent with Q4 2024 [7][30] - Free Cash Flow was negative at $(2.5) million in Q1 2025, compared to $48.3 million in Q4 2024 [3][30] Segment Performance - Offshore Energy Services revenues were $239.8 million, slightly down from $240.2 million in the previous quarter, with operating income rising to $37.4 million from $34.3 million [6][8][31] - Government Services revenues increased to $85.9 million from $82.6 million, with operating income significantly improving to $6.0 million from $2.3 million [9][33] - Other Services revenues decreased to $24.8 million from $30.8 million, with an operating loss of $(0.6) million compared to a profit of $3.6 million in the previous quarter [10][33] Guidance and Outlook - The company affirmed its 2025 Adjusted EBITDA outlook range of $230 million to $260 million and 2026 outlook range of $275 million to $335 million [7][15] - Expected total revenues for 2025 are projected between $1.42 billion and $1.615 billion, with Offshore Energy Services contributing $950 million to $1.06 billion [15][17] Liquidity and Capital Allocation - As of March 31, 2025, Bristow had $191.1 million in unrestricted cash and $63.2 million available under its asset-based revolving credit facility, totaling $254.3 million in liquidity [18][19] - Capital expenditures for property and equipment were $52.1 million in Q1 2025, down from $83.5 million in Q4 2024 [19][29] Tax and Other Income - Income tax expense for Q1 2025 was $10.2 million, compared to a tax benefit of $13.0 million in Q4 2024 [13][14] - Other income for Q1 2025 was $11.4 million, primarily due to higher foreign exchange gains [12][29]

HOUSTON, April 29, 2025 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its first quarter 2025 financial results after market close on Tuesday, May 6, 2025. In connection with the release, Bristow has scheduled a conference call for Wednesday, May 7, 2025, to begin at 10:00 a.m. ET (9:00 a.m. CT).Investors may participate in the call by using the following link, which is now open for early registratio ...

Core Viewpoint - Sikorsky and Bristow Group have announced a long-term agreement to enhance support for Bristow's S-92 helicopter fleet, reflecting a commitment to operational efficiency and cost control in the offshore energy sector [1][3][5]. Company Overview - Sikorsky, a Lockheed Martin company, is focused on providing innovative solutions in the aviation sector, particularly for commercial markets [5][13]. - Bristow Group Inc. is a leading global provider of vertical flight solutions, primarily serving offshore energy companies and government entities with a range of aviation services [14][15]. Agreement Details - The agreement includes Sikorsky's Total Assurance Program (TAP), which offers Bristow continued aftermarket support for its fleet of over 60 S-92 aircraft [3][4]. - The TAP package covers over 90% of replacement costs for parts and provides enhanced global fleet support through Sikorsky's network [8]. Operational Enhancements - Sikorsky has introduced a new main gearbox for the S-92, featuring an auxiliary lubrication system that enhances safety and operational reliability [5]. - Scheduled inspection intervals for the S-92 have been increased, allowing operators to extend aircraft service life by up to 1,200 hours or 24 months [6]. Market Position - Bristow is the largest operator of the S-92 globally, emphasizing the importance of this agreement in maintaining high service levels while controlling operational costs [4].