NYSE$VTOL

Bristow Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a net loss attributable to the company with decreased operating revenues and profitability due to various factors, including Hurricane Ida's impact and adverse variances.

Bristow Group Inc. reported a net loss of $0.1 million for the fiscal third quarter ended December 31, 2021, with operating revenues of $285.0 million. The company's financial results were impacted by several factors, including costs related to Hurricane Ida, timing of major repairs, aircraft lease return costs, and foreign currency exchange variances. Despite these challenges, the company generated approximately $42 million in Adjusted Free Cash Flow.

  • Total revenues were $295.6 million in Q3 FY22, compared to $301.6 million in Q2 FY22.
  • Breakeven earnings and earnings per share in Q3 FY22, compared to net income of $2.8 million, or $0.10 per diluted share, in Q2 FY22.
  • EBITDA adjusted to exclude special items and asset dispositions was $30.7 million in Q3 FY22, compared to $44.5 million in Q2 FY22.
  • Adjusted Free Cash Flow was $41.8 million in Q3 FY22, compared to $19.1 million in Q2 FY22.

Headline financials

Total Revenue

$296M

Previous: $310M-4.6%
EPS (adj)

$0.19

Previous: $0.17+11.8%
Adjusted EBITDA

$31.4M

No prior period
Free Cash Flow

-$56K

Previous: -$57.1M+99.9%
Net Income

-$56K

Previous: -$57.1M+99.9%
Operating Income

$188M

Previous: $148M+27.0%
Gross Profit

$296M

Previous: $310M-4.6%
Cash & Equivalents

$274M

Previous: $294M-6.7%
Total Assets

$1.86B

Previous: $2.14B-12.7%

Revenue & EPS history

Bristow · Revenue · Quarterly

$296M

Q3 2022-4.6%vs Q3 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Bristow · $69.6M total across 2 segments · Q3 2022

  • Government Services
    $66.4M
  • Other Services
    $3.13M

Forward guidance

Bristow anticipates substantial improvements in its financial results due to expected increased spending in the offshore oil and gas market.

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 Q3 2022

Historical avgQ3 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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