Bristow Group Inc ( (VTOL) ) has released its Q1 earnings. Here is a breakdown of the information Bristow Group Inc presented to its investors.
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Bristow Group Inc. is a leading global provider of innovative and sustainable vertical flight solutions, primarily serving offshore energy companies and government entities with aviation services such as personnel transportation, search and rescue, and medevac operations.
In its first quarter of 2025, Bristow Group reported total revenues of $350.5 million, slightly down from $353.5 million in the previous quarter. The company achieved a net income of $27.4 million, or $0.92 per diluted share, compared to $31.8 million, or $1.07 per diluted share, in the preceding quarter.
Key financial metrics for the quarter included an adjusted EBITDA of $57.7 million, consistent with the previous quarter, and an affirmation of the 2025 and 2026 adjusted EBITDA outlook ranges of $230-$260 million and $275-$335 million, respectively. The company noted a decrease in revenues from its Offshore Energy Services segment, primarily due to lower utilization in Europe, while its Government Services segment saw an increase in revenues, driven by new contracts.
Looking ahead, Bristow Group maintains a positive outlook for 2025 and 2026, supported by the stability of its Government Services business and the diversity of its geographic markets. The company remains optimistic despite macroeconomic uncertainties, emphasizing its strategic focus on maintaining robust financial performance.