NYSE$VTOL

Bristow Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Bristow's financial performance improved in Q1 2022 with increased revenues and reduced net losses.

Bristow Group Inc. reported a net loss of $14.2 million, or $0.50 per diluted share, for its fiscal first quarter ended June 30, 2021, on operating revenues of $288.4 million. Adjusted EBITDA excluding gains or losses on asset dispositions was $40.0 million in the current quarter.

  • Total revenues reached $300.6 million in Q1 FY22, compared to $293.3 million in Q4 FY21.
  • Net loss was $14.2 million, or $0.50 per diluted share, in Q1 FY22, compared to $42.6 million, or $1.47 per diluted share, in Q4 FY21.
  • EBITDA adjusted to exclude special items and asset dispositions was $40.0 million in Q1 FY22, compared to $30.5 million in Q4 FY21.
  • Adjusted Free Cash Flow excluding Net Capex was $38.7 million in Q1 FY22.

Headline financials

Total Revenue

$301M

Previous: $270M+11.3%
EPS (adj)

-$0.43

Previous: -$0.10-330.0%
Adjusted EBITDA

$40.5M

Previous: $51.5M-21.5%
Free Cash Flow

-$14.2M

Previous: $71.5M-119.9%
Net Income

-$14.2M

Previous: $71.5M-119.9%
Operating Income

$214M

Previous: -$8.39M+2648.9%
Gross Profit

$301M

Previous: $79.8M+276.9%
Cash & Equivalents

$245M

Previous: $260M-5.9%
Total Assets

$1.91B

Previous: $2.25B-15.0%
Stock-Based Comp

$2.33M

No prior period

Revenue & EPS history

Bristow · Revenue · Quarterly

$301M

Q1 2022+11.3%vs Q1 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

Bristow · $74.1M total across 2 segments · Q1 2022

  • Government Services
    $70.4M
  • Other Services
    $3.67M

Forward guidance

No forward guidance was provided in the press release.

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 2022

Historical avgQ1 2022

+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

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