NYSE$VTOL
Bristow Group Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Bristow reported an increase in revenue and net income remained consistent compared to the previous quarter, while adjusted EBITDA decreased.
Bristow Group Inc. reported net income attributable to the Company of $28.2 million, or $0.95 per diluted share, for the quarter ended September 30, 2024, on operating revenues of $356.4 million. The company raised its Adjusted EBITDA guidance range from $210 - $230 million to $220 - $230 million for 2024.
- Total revenues reached $365.1 million in Q3 2024, compared to $359.7 million in Q2 2024.
- Net income was $28.2 million, or $0.95 per diluted share, in Q3 2024, consistent with Q2 2024.
- Adjusted EBITDA was $60.2 million in Q3 2024, compared to $71.3 million in Q2 2024.
- The company increased its 2024 Adjusted EBITDA outlook range to $220 - $230 million.
Headline financials
Revenue & EPS history
Bristow · Revenue · Quarterly
$365M
Revenue by segment
Bristow · $299M total across 2 segments · Q3 2023
- Offshore Energy Services$213M—71.3%
- Government Services$85.5M+28.8%28.7%
Forward guidance
The Company raised its Adjusted EBITDA guidance range from $210 - $230 million to $220 - $230 million for 2024. The Company’s targets for 2025 and 2026 remain unchanged.
Tailwinds
- Offshore energy services operating revenues are expected to be between $900 - $930 million for 2024.
- Government services operating revenues are expected to be between $330 - $340 million for 2024.
- Fixed wing services operating revenues are expected to be between $120 - $130 million for 2024.
- Other services operating revenues are expected to be between $5 - $10 million for 2024.
- Adjusted EBITDA, excluding asset dispositions and foreign exchange, is expected to be between $220 - $230 million for 2024.
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 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
| Quarter | Report date | Reaction (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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