NYSE$VTOL

Bristow Group Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter fiscal year 2021 results, which included 19 days of operating results from legacy Era Group Inc. after the closing of the business combination on June 11, 2020.

Bristow Group reported a net income attributable to the Company of $71.5 million, or $5.16 per diluted share, for its first quarter ended June 30, 2020, on operating revenues of $261.5 million. The current quarter includes 19 days of operating results from legacy Era Group Inc. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) was $97.0 million in the current quarter and EBITDA adjusted to exclude special items and gains or losses on asset dispositions was $46.0 million.

  • Net income attributable to the Company was $71.5 million, or $5.16 per diluted share.
  • Operating revenues totaled $261.5 million.
  • EBITDA was $97.0 million.
  • Adjusted EBITDA excluding gains or losses on asset dispositions was $46.0 million.

Headline financials

Total Revenue

$270M

Previous: $57.1M+373.6%
EPS (adj)

-$0.10

Previous: $30.30-100.3%
EBITDA

$97M

No prior period
Adjusted EBITDA

$51.5M

No prior period
Free Cash Flow

$71.5M

Previous: -$7.63M+1036.9%
Net Income

$71.5M

Previous: -$7.23M+1088.8%
Operating Income

-$8.39M

Previous: -$3.74M-124.6%
Gross Profit

$79.8M

Previous: $18.6M+330.0%
Cash & Equivalents

$260M

Previous: $114M+129.0%
Total Assets

$2.25B

Previous: $753M+199.2%

Revenue & EPS history

Bristow · Revenue · Quarterly

$270M

Q1 2021+373.6%vs Q1 2020
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Revenue by segment

Bristow · $299M total across 2 segments · Q3 2023

  • Offshore Energy Services
    $213M
  • Government Services
    $85.5M+28.8%

Forward guidance

While the outlook for the offshore oil and gas industry appears challenging for the foreseeable future, the timing of the merger presents opportunities to create value by realizing cost synergies and operational efficiencies, supporting continued positive cash flow generation for the Company.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

60%

31 / 52 earnings

Positive

+20.7%

Q4 2015

Best reaction

-14.7%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-14.1%-14.7%
Q4 2025+2.9%-2.5%-1.5%
Q3 2025-7.0%-8.1%-11.2%
Q1 2025-6.1%+2.3%+3.2%
Q4 2024+9.2%-4.8%-8.6%
Q3 2024+13.0%+13.0%+7.5%
Q2 2024+14.6%+14.6%+9.1%
Q1 2024+13.3%+19.5%+14.3%
Q4 2023-4.7%-6.2%-0.8%
Q3 2023+9.4%+9.2%+0.5%
Q2 2023+0.3%-0.9%-10.5%
Q1 2023-5.4%-0.2%+17.5%
Q4 2022-9.7%-8.5%-26.2%
Q3 2022-11.1%-10.1%+11.8%
Q2 2022+3.6%+4.0%-19.3%
Q1 2022-1.6%+2.2%+31.5%
Q4 2021-6.7%-3.4%-9.5%
Q3 2021+1.6%+7.2%+6.3%
Q2 2021+7.9%+5.1%+30.6%
Q1 2021+6.1%+6.2%+16.4%
Q1 2020-9.3%-19.9%-8.2%
Q4 2019-9.7%-28.0%-56.1%
Q3 2019+1.3%-1.0%-10.2%
Q2 2019+17.7%+21.8%+8.1%
Q1 2019+0.3%+3.3%-16.5%
Q4 2018+1.4%+5.3%+15.7%
Q3 2018+1.4%-4.2%-18.4%
Q2 2018-7.4%-10.2%-16.1%
Q1 2018-0.1%+4.5%+12.8%
Q4 2017+0.4%-0.5%-0.5%
Q3 2017+7.6%+0.3%-2.4%
Q2 2017+3.0%-2.0%+19.1%
Q1 2017-3.9%-5.3%-4.3%
Q4 2016-8.0%-7.3%+3.2%
Q3 2016-1.2%+6.0%+56.8%
Q2 2016+6.6%+8.8%-4.4%
Q1 2016-3.3%
Q4 2015+20.7%
Q3 2015-14.7%
Q2 2015+12.0%
Q1 2015-2.6%
Q4 2014-2.6%
Q3 2014+0.2%
Q4 2013+0.2%
Q2 2014+1.1%
Q1 2014+2.1%
Q3 2013+0.4%
Q3 2012+0.4%
Q2 2013-0.0%
Q1 2012+2.4%
Q1 2013+2.4%
Q4 2012+2.4%
Q2 2012

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro