Bristow Group Inc ( (VTOL) ) has released its Q4 earnings. Here is a breakdown of the information Bristow Group Inc presented to its investors.
Bristow Group Inc. is a leading global provider of innovative and sustainable vertical flight solutions, primarily serving the offshore energy sector and government entities with aviation services such as personnel transportation and search and rescue operations. In its latest earnings report, Bristow Group Inc. announced a strong financial performance for the fourth quarter and full year of 2024, surpassing its revised outlook. The company reported a net income of $31.8 million for the fourth quarter and $94.8 million for the full year, marking a significant improvement from the previous year. Key highlights include a full-year revenue increase of $118.1 million compared to 2023 and an adjusted EBITDA of $236.8 million, exceeding the company’s expectations. Bristow also introduced a new capital allocation framework focusing on maintaining a strong balance sheet, pursuing growth opportunities, and returning capital to shareholders through dividends and share buybacks. Looking forward, Bristow Group Inc. remains optimistic about its growth prospects, particularly in the offshore energy and government services segments, while planning to reduce its debt and initiate a quarterly dividend program by 2026.