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Bristow Group Inc (VTOL)
NYSE:VTOL
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.44Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2020
|% Change Since: 5.61%
|Next Earnings Date:Aug 06, 2020
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial position with increased guidance and positive demand trends, particularly in the Americas and Africa. However, challenges such as increased operating expenses and supply chain issues persist. The overall sentiment remains cautiously optimistic, with a focus on strategic growth and capital allocation.Company Guidance
In the third-quarter earnings call for 2024, Bristow Group raised its full-year adjusted EBITDA guidance from a range of $220 million to $230 million, reflecting strong financial performance and positive demand trends. The company's EBITDA for Q3, adjusted for special items and foreign exchange, was $60.2 million, down from $71.3 million in the preceding quarter. Operating revenues increased by $3.9 million due to higher utilization and favorable foreign exchange impacts. Operating expenses rose by $16.3 million, driven mainly by personnel costs and repairs. Bristow's liquidity stood at $260 million as of September 30, 2024. The company anticipates positive cash flows from the latter half of 2025, driven by strong performance in regions like Africa and increased activities in the Americas and U.K. Bristow has funded 60% of its capital investments for U.K. and Irish Coast Guard contracts, with the remainder expected over the next two quarters. The call also highlighted the impact of supply chain challenges and labor settlements in the U.K. on operational costs.Raised Adjusted EBITDA Guidance
Bristow raised its adjusted EBITDA guidance for the full year 2024 to $220 million to $230 million, indicating strong financial performance and positive demand trends.
Significant Increase in Operating Cash Flow
Operating cash flows were $66 million in the current quarter, compared to $34 million in the preceding quarter, representing a 96% increase.
Strong Liquidity Position
As of September 30, available liquidity was $260 million, supporting future operations and capital investments.
Positive Business Outlook in Americas and Africa
Increased utilization and rates in Africa and promising demand in the Americas, especially in regions like Suriname and Brazil, support a positive outlook.
Strategic Capital Allocation
Bristow's disciplined capital allocation strategy aims to protect a strong balance sheet, fund organic growth opportunities, and potentially return capital to shareholders.
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VTOL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VTOL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $34.58 | $37.84 | +9.43% |
| Aug 06, 2024 | $33.78 | $37.74 | +11.72% |
| May 07, 2024 | $28.48 | $32.25 | +13.24% |
| Mar 05, 2024 | $27.30 | $26.04 | -4.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bristow Group Inc (VTOL) report earnings?
Bristow Group Inc (VTOL) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Bristow Group Inc (VTOL) earnings time?
Bristow Group Inc (VTOL) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VTOL EPS forecast?
VTOL EPS forecast for the fiscal quarter 2024 (Q4) is 0.44.
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