NYSE$VTOL
Bristow Group Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Bristow Group reports strong fourth quarter 2024 financial results, exceeding the upwardly revised outlook range for Q4 and full year 2024, and announces a new capital allocation framework.
Bristow Group Inc. reported a net income of $31.8 million on total revenues of $353.5 million for the quarter ended December 31, 2024. This represents an increase in net income compared to the preceding quarter, despite a slight decrease in total revenues. The company also exceeded its full-year 2024 Adjusted EBITDA outlook.
- Total revenues for Q4 2024 were $353.5 million, a decrease of $11.6 million compared to Q3 2024.
- Net income for Q4 2024 was $31.8 million, an increase of $3.6 million compared to Q3 2024.
- Adjusted EBITDA for Q4 2024 was $57.84 million, a decrease of $2.3 million compared to Q3 2024.
- Full year 2024 Adjusted EBITDA was $236.766 million, exceeding the previously upward revised outlook range of $220 million - $230 million.
Headline financials
Revenue & EPS history
Bristow · Revenue · Quarterly
$354M
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
Bristow Group affirmed its 2025 and 2026 outlook, anticipating continued growth in Offshore Energy Services driven by increased activity and higher rates, and stable long-term cash flows from Government Services despite near-term transition costs. The company also expects Other Services to remain consistent with current activity levels.
Tailwinds
- Offshore Energy Services anticipates continued constructive market conditions in 2025 and 2026 due to high utilization, unmet lift demand, and long lead-times for new builds.
- Government Services is expected to generate strong, stable, long-term cash flows with high credit quality customers well into the next decade.
- The Americas region is projected to see meaningful increases in 2025 and 2026, driven by expanded operations in Brazil and increased activity in the U.S. and Suriname.
- The Africa region, particularly Nigeria, is expected to continue its momentum in 2025 due to increasing demand, higher utilization, and added capacity.
- Other Services segment is expected to maintain consistent financial performance with current levels of activity throughout 2025.
Headwinds
- Headwinds from continued supply chain shortages, particularly for S92 heavy helicopters, are expected to persist in 2025.
- The transition period for new Government Services contracts (IRCG and UKSAR2G) will incur associated operating expenses, which may not present full earnings power and quality margins until 2026 and beyond.
- The strengthening of the U.S. dollar relative to the British pound sterling and Euro could negatively impact financial results.
- Potential penalties due to aircraft availability, primarily related to supply chain challenges, are expected to persist in the near term for Government Services.
- The Europe region, while benefiting from new contracts, is a mature market with limited growth opportunities, and S92 supply chain challenges remain a risk.
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 Q4 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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