Bristow Q2 net loss $1.6M; adjusted EBITDA up to $39M; preferred bidder for €670M Irish Coast Guard SAR contract

Bristow Group Inc.

2023-Q2 EPS reported -$0.11 revenue$621,405,000

Total revenues $319.4M in Q2 vs $302.0M Q1; operating revenues $311.5M.
Net loss $1.6M ($0.06 diluted EPS) vs net loss $1.5M ($0.05) prior quarter.
Adjusted EBITDA $39.0M, up from $28.9M in Q1.
Named preferred bidder for €670M Irish Coast Guard SAR contract; finalization expected soon.
Reaffirmed 2023 outlook and issued 2024 financial outlook.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Bristow Group Inc. reported the quarter ended June 30, 2023 results: revenue operating revenues of $311.5 million, net income net loss attributable to the Company of $1.6 million, EPS $0.06 per diluted share. Guidance initiated.

Period: the quarter ended June 30, 2023
Revenue: operating revenues of $311.5 million
Net income: net loss attributable to the Company of $1.6 million
EPS: $0.06 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $1.6 million, or $0.06 per diluted share, for its quarter ended June 30, 2023 (the “Current Quarter”) on operating revenues of $311.5 million

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Source: SEC EDGAR

accession 0001525221-23-000041

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