Bristow Group posts net loss of $7.0M in Dec quarter; raises 2023 Adj. EBITDA guidance to $150-170M

Bristow Group Inc.

Net loss of $7.0M ($0.25 diluted EPS) vs prior quarter net income of $16.5M ($0.58).
Total revenues $313.6M, up from $307.3M sequentially.
Adjusted EBITDA $36.3M, up from $33.9M prior quarter.
Unrestricted cash $160.0M; total liquidity $239.7M as of Dec 31, 2022.
2023E guidance: Adjusted EBITDA $150-170M, higher than prior range.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bristow Group Inc. reported quarter ended December 31, 2022 results: revenue $313.6 million, net income Net loss of $7.0 million, or $0.25 per diluted share, EPS $0.25 per diluted share. Guidance raised.

Period: quarter ended December 31, 2022
Revenue: $313.6 million
Net income: Net loss of $7.0 million, or $0.25 per diluted share
EPS: $0.25 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

RELEASE BRISTOW GROUP REPORTS DECEMBER QUARTER AND YEAR-TO-DATE 2022 RESULTS AND UPDATES OUTLOOK FOR CALENDAR YEAR 2023 Houston, Texas March 8, 2023 • Total revenues of $313.6 million for the quarter ended December 31, 2022 compared to $307.3 million for the quarter ended September 30, 2022 • Net loss of $7.0 million, or $0.25 per diluted share, for the

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Source: SEC EDGAR

accession 0001525221-23-000007

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