Bristow Group Increases 2024 EBITDA Outlook Amid Growth

Bristow Group ( (VTOL) ) has shared an update.

Bristow Group reported a solid performance for Q3 2024 with net income of $28.2 million on revenues of $356.4 million. The company raised its full-year Adjusted EBITDA outlook to $220-$230 million, reflecting growth in its government services and offshore energy sectors. Despite higher operating expenses due to personnel costs and maintenance, Bristow remains optimistic about its multi-year growth cycle, citing favorable industry conditions and an opportunity to optimize its contract portfolio.

For detailed information about VTOL stock, go to TipRanks’ Stock Analysis page.