Bristow Group (NYSE:VTOL) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsAlex Rygiel - Managing DirectorChris Bradshaw - President and CEOJennifer Whalen - SVP and CFOJosh Sullivan - Managing Director of Aerospace & Defense / Industrial TechnologyRed Tilahun - Senior Manager of Investor Relations and Financial ReportingConference Call ParticipantsJason Bandel - Equity Research AnalystSavi Syth - Managing Director and Senior Equity AnalystSteve Silver - Senior Equity Research Analyst ...

Bristow Group (NYSE:VTOL) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Company ParticipantsAlex Rygiel - Managing DirectorChris Bradshaw - President and CEOJennifer Whalen - SVP and CFOJosh Sullivan - Managing Director of Aerospace & Defense / Industrial TechnologyRedeate Tilahun - Senior Manager of Investor Relations and Financial ReportingConference Call ParticipantsJason Bandel - Equity Research AnalystSavi Syth - Managing Director and Senior Equity AnalystSteve Silver - Senior Equity Research Ana ...

Bristow Group (NYSE:VTOL) Q4 2025 Earnings call February 26, 2026 10:00 AM ET Speaker5At this time, I'd like to turn the call over to Redeate Tilahun, Senior Manager of Investor Relations and Financial Reporting.Thank you, Luke. Good morning, everyone, and welcome to Bristow Group's fourth quarter and full year 2025 earnings call. I'm joined on the call today with our President and Chief Executive Officer, Chris Bradshaw, and Senior Vice President and Chief Financial Officer, Jennifer Whalen. Before we begi ...

Joby Aviation (NYSE:JOBY) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsJoeBen Bevirt - Founder and CEOKristine Liwag - Executive Director and Head of Aerospace & Defense Equity ResearchPaul Sciarra - Executive ChairmanRob Wiesenthal - CEORodrigo Brumana - CFOSavanthi Syth - Managing DirectorTeresa Thuruthiyil - Head of Investor RelationsConference Call ParticipantsAmit Dayal - Managing Director and Senior Equity Research AnalystAndres Sheppard - Managing Director and Senior Equity ...

Joby Aviation (NYSE:JOBY) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsJoeBen Bevirt - Founder and CEOKristine Liwag - Executive Director and Head of Aerospace & Defense Equity ResearchPaul Sciarra - Executive ChairmanRob Wiesenthal - CEORodrigo Brumana - CFOSavi Seip - Managing DirectorTeresa Thuruthiyil - Head of Investor RelationsConference Call ParticipantsAmit Dayal - Managing Director and Senior Equity Research AnalystAndres Sheppard - Managing Director and Senior Equity Ana ...

Joby Aviation (NYSE:JOBY) Q4 2025 Earnings call February 25, 2026 05:00 PM ET Speaker7Greetings, welcome to the Joby Aviation Fourth Quarter and Fiscal Year 2025 Financial Results Conference Call and Webcast. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. You will be placed into the question queue at any time by pressing star one on your telephone keypad. As a reminder, this conference is being recorded. It's now my pleasure to turn ...

Uber riders can hail a car, motorbike, or boat, depending on where they are in the world. Soon, helicopter-like air taxis will join that list. Passengers will be able to book an air taxi ride through the Uber app in Dubai before the end of 2026, the company said on Wednesday. The option will use flying electric vehicles created by startup Joby Aviation.Joby's aircraft can fit up to four passengers and are flown by commercial pilots, the companies said. Joby will operate four landing locations, or "vertiport ...

Summary of BETA Technologies Conference Call Company Overview - **Company**: BETA Technologies (NYSE:BETA) - **Industry**: Electric Vertical Takeoff and Landing (eVTOL) Aircraft - **Key Products**: All-electric VTOL aircraft designed for various applications including cargo logistics and medical transport Core Industry Insights - **EVTOL Definition**: Electric vertical takeoff and landing aircraft represent a technological advancement in aerospace, driven by improvements in battery energy density, electric motors, and lightweight materials [2][3] - **Market Trends**: The industry is diversifying into various configurations and market entry strategies, with significant interest from companies like Amazon, UPS, and military organizations [2][3] Company Achievements - **Record Setting**: BETA has set world records for the heaviest payload, longest range, and fastest electric aircraft, with over 100 times more flight hours than competitors [6] - **Commercial Contracts**: Secured contracts with major clients including United Therapeutics, UPS, and the U.S. Air Force for commercial variants of their aircraft [4][5] Certification and Strategy - **Certification Strategy**: BETA's approach involves breaking down the certification process into manageable parts, allowing for quicker certification of components like propellers and motors, which can then be integrated into the aircraft [8][10] - **Market Entry Strategy**: Focused on cargo logistics before expanding into passenger transport, with a significant portion of their backlog consisting of CTOL (Conventional Takeoff and Landing) aircraft orders [11][12] Customer Insights - **Early Adopters**: Key customers include the Air Force, UPS, and United Therapeutics, with applications ranging from medical transport to logistics [18][19] - **Customer Demand**: There has been a shift in demand from VTOL to CTOL aircraft, indicating strong commercial viability [16] Financial and Operational Insights - **Funding Strategy**: BETA has avoided venture capital, relying instead on customer contracts and strategic investments from firms like Fidelity and Amazon [5][6] - **Backlog Composition**: Over one-third of the current backlog consists of CTOL aircraft, which offer a 2% cost reduction compared to conventional aircraft [11] Defense Applications - **Military Interest**: The Department of Defense is seeking lower-cost, flexible aircraft for logistics and operational support, with BETA's technology aligning well with these needs [69][70] - **Partnerships**: Collaborations with companies like GE and General Dynamics are enhancing BETA's capabilities in defense applications [71][72] Future Outlook - **Passenger Aircraft Development**: BETA is exploring larger passenger aircraft models, which could significantly increase their market valuation and expand their operational capabilities [86][87] - **Charging Network Vision**: Plans to establish a comprehensive charging network across the U.S. to support electric aviation, with 80 chargers already deployed and more in the pipeline [124][125] Conclusion - **Strategic Positioning**: BETA Technologies is well-positioned in the eVTOL market with a strong focus on certification, customer demand, and strategic partnerships, paving the way for future growth in both commercial and defense sectors [109][110]

Core Viewpoint - Beta Technologies (BETA) has received a "Buy" rating from Jefferies, indicating a favorable risk-reward profile due to a recent stock price decline, with a target price of $30 suggesting significant upside potential from current trading levels between $17 and $18 [1]. Company Overview - Beta Technologies is an electric aerospace company based in South Burlington, Vermont, focused on developing electric aircraft, propulsion systems, and charging infrastructure, with a market capitalization of approximately $3.9 billion [3]. - The company is working on two aircraft models: the CX300, a conventional takeoff and landing aircraft, and the ALIA 250, a vertical takeoff and landing aircraft [3]. Industry Context - The advanced air mobility segment is maturing, with increased regulatory support and interest from aerospace players for commercialization, despite the volatility in the pre-profit aviation segment [2]. - Beta Technologies' strategy of combining conventional and vertical takeoff aircraft has garnered renewed attention from analysts [2]. Stock Performance - BETA stock has experienced significant price fluctuations over the past 52 weeks, ranging from $15.61 to $39.50, and has gained around 5% in the last five days, although it remains lower than historical highs [4]. - The stock has shown more volatility compared to the S&P 500, which has exhibited more stable movements [4]. Valuation Insights - Conventional valuation metrics are challenging to apply due to the company's unprofitability, with a price-to-sales (P/S) ratio of 134.95 based on low revenues [6]. - Jefferies estimates that Beta's shares are trading at approximately 3.2 times forward enterprise value-to-sales for 2028, which is at a discount compared to its blended advanced air mobility peers at 5.7 times [6]. Recent Developments - In its recent quarterly update, Beta Technologies reported an expanding backlog and ongoing losses, highlighting the completion of its first ALIA CTOL aircraft for demonstration flights in Norway and another aircraft shipped to New Zealand for test flights [7].

Core Viewpoint - Joby Aviation's shares experienced a significant decline of up to 18% following the announcement of a capital raise totaling approximately $1.2 billion, which includes $600 million in convertible senior notes and nearly 53 million shares priced at $11.35, reflecting a 15% discount to the previous close [1][2]. Group 1: Capital Raise and Market Reaction - The capital raise has led to investor concerns about dilution, resulting in a sharp drop in share price, although JOBY stock remains up 130% compared to its 52-week low [2]. - The convertible notes feature a 0.75% coupon with a conversion price of about $14.19 per share, indicating management's confidence in achieving higher valuations over time [4]. - Joby Aviation had robust liquidity with approximately $978 million in cash and investments, suggesting that the capital raise was discretionary rather than an urgent need [5]. Group 2: Company Milestones and Future Prospects - Joby Aviation is committed to doubling its domestic manufacturing capacity to four aircraft per month by 2027, which is a significant milestone for the company [6]. - The company is expected to secure regulatory approval for commercial air taxi operations in the UAE later this year, indicating potential revenue generation ahead of U.S. certification timelines [7]. - Options traders anticipate that JOBY will trade at about $13.68, approximately 23% above current levels, within the next three months [7]. Group 3: Analyst Sentiment - Wall Street analysts believe that the recent pullback in JOBY stock may have been excessive, with a consensus rating of "Hold" [8]. - The mean target price for JOBY shares is approximately $12.14, suggesting a potential upside of about 10% from current levels [9].