NYSE$VTOL

Bristow Group Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported strong first quarter results, affirmed full-year 2024 financial guidance, and issued 2025 financial outlook and set financial targets for 2026.

Bristow Group reported net income attributable to the Company of $6.6 million, or $0.23 per diluted share, for its quarter ended March 31, 2024, on operating revenues of $329.4 million. Adjusted EBITDA was $47.5 million in the Current Quarter.

  • Total revenues of $337.1 million in Q1 2024 compared to $337.9 million in Q4 2023
  • Net income of $6.6 million, or $0.23 per diluted share, in Q1 2024 compared to net loss of $7.9 million, or $0.28 per diluted share, in Q4 2023
  • EBITDA adjusted to exclude special items, asset dispositions and foreign exchange gains (losses) was $47.5 million in Q1 2024 compared to $46.0 million in Q4 2023
  • Affirmed 2024 outlook, issued 2025 financial outlook and set 2026 targets

Headline financials

Total Revenue

$337M

Previous: $302M+11.7%
EPS

$0.23

Previous: -$0.05+560.0%
Adjusted EBITDA

$47.5M

No prior period
Free Cash Flow

$6.61M

Previous: $3.99M+65.7%
Net Income

$6.61M

Previous: $3.99M+65.7%
Operating Income

$273M

Previous: $238M+14.5%
Gross Profit

$337M

Previous: $302M+11.7%
Cash & Equivalents

$141M

Previous: $255M-44.9%
Total Assets

$1.92B

Previous: $1.84B+4.0%
Stock-Based Comp

$3.52M

Previous: $3.31M+6.3%

Revenue & EPS history

Bristow · Revenue · Quarterly

$337M

Q1 2024+11.7%vs Q1 2023
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Bristow issued financial outlook for 2025 and set financial targets for 2026.

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 2024

Historical avgQ1 2024

+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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