HOUSTON, Jan. 13, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) (the "Company" or "Bristow") announced today that it has commenced, subject to market conditions and other factors, a private offering of $400 million aggregate principal amount of senior secured notes due 2033 (the "notes") to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The notes are expected to pay interest semi-annually and will be fully and unconditi ...

Financial Data and Key Metrics Changes - The company reported record annual revenue of $8.7 billion, a 5% increase over the previous year, with fourth-quarter revenue growing 5.4% year-over-year to $2.3 billion, driven by 4.8% organic growth [7][16] - Adjusted EPS was $0.88, reflecting a $0.26 headwind from prior-year self-insurance adjustments, while adjusted EBITDA was $124.2 million with a margin of 5.6% [18][19] - Net income for the quarter increased to $34.8 million, or $0.56 per diluted share, compared to a loss of $11.7 million in the prior year [17] Business Line Data and Key Metrics Changes - Business and Industry (B&I) revenue surpassed $1 billion, up 2% year-over-year, with operating profit of $80.6 million and a margin of 7.7% [19] - Aviation revenue grew 7% to $296.7 million, with an operating profit of $16.8 million and a margin of 5.7% [20] - Manufacturing and Distribution (M&D) generated $417.4 million in revenue, an 8% increase year-over-year, with an operating profit of $35.8 million and a margin of 8.6% [20] - Technical Solutions had revenue of $298.7 million, a 16% increase, with an operating profit of $37.1 million and a margin of 12.4% [22] Market Data and Key Metrics Changes - The company noted strong demand across key end markets, particularly in Technical Solutions, Aviation, and Manufacturing and Distribution, with expectations for continued growth in fiscal 2026 [12][24] - The acquisition of WGNSTAR is expected to strengthen the company's position in the semiconductor market, which is experiencing multi-year growth [10][81] Company Strategy and Development Direction - The company is focused on enhancing its portfolio and expanding technical and data-enabled capabilities, with a commitment to disciplined capital allocation [30][31] - The acquisition of WGNSTAR is seen as a strategic move to penetrate the semiconductor fabrication sector, which has significant growth potential [10][40] - The company aims to achieve organic revenue growth of 3%-4% in fiscal 2026, with expectations for adjusted EPS in the range of $3.85-$4.15 [13][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum heading into fiscal 2026, citing a strong backlog and healthy demand across key markets [12][30] - The restructuring program is expected to yield annualized savings of $35 million, with over three-quarters of the savings realized in fiscal 2026 [11][13] - Management acknowledged the challenges of the macro environment but highlighted the company's adaptability and operational excellence [29][30] Other Important Information - The company repurchased 1.6 million shares in the fourth quarter at an average price of $45.84, totaling $73 million, and reduced its outstanding share count by 4% [23] - The company ended the year with total indebtedness of $1.6 billion and available liquidity of $681.6 million [22] Q&A Session Summary Question: Margin trajectory and segment operating margin - Management introduced a new segment operating margin metric to better reflect operational health, with benefits from restructuring and mix expected to influence margins in 2026 [34][36] Question: Strategic attraction of the WGNSTAR deal - The acquisition is seen as a compelling strategic imperative due to the growth potential in the semiconductor space, with expectations for significant revenue synergies [38][40] Question: Pricing concessions in the B&I business - Management noted that pricing discussions have stabilized, with no dramatic concessions observed in the fourth quarter [48][50] Question: Free cash flow outlook for 2026 - The company anticipates normalized free cash flow of around $250 million, factoring in transformation and integration costs [53][56] Question: Future M&A opportunities - Management indicated a balanced approach to acquisitions, with a focus on compelling strategic opportunities in high-growth markets [96]

Core Viewpoint - AAR CORP. has initiated an underwritten public offering of 3,000,000 shares of its common stock, with an option for underwriters to purchase an additional 450,000 shares [1][2]. Group 1: Offering Details - The net proceeds from the offering will be used to repay outstanding borrowings under its unsecured revolving credit facility and for general corporate purposes, potentially including funding future acquisitions [2]. - Goldman Sachs & Co. LLC, Jefferies, and RBC Capital Markets, LLC are serving as joint book-running managers for the offering [2]. - The offering is made under a shelf registration statement on Form S-3, which was filed with the SEC and became effective on July 19, 2023 [2]. Group 2: Company Overview - AAR is a global aerospace and defense aftermarket solutions company, operating in over 20 countries and supporting commercial and government customers through four segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services [4].