Bristow Group

VTOL

Market cap $1.38B

Bristow Group Inc. (VTOL) Q4 2025 Earnings Call Transcript

ACHIEVES 2025 OUTLOOK AND DECLARES DIVIDEND HOUSTON, Feb. 25, 2026 /PRNewswire/ -- Full Year Highlights: Total revenues were $1.5 billion for the full year ended 2025 compared to $1.4 billion in 2024 Net income was $129.1 million in 2025 compared to $94.8 million in 2024 Full year 2025 Adjusted EBITDA(1) of $245.6 million was in-line with the 2025E outlook EBITDA guidance midpoint Operating cash flow of $198.4 million in 2025 compared to $177.4 million in 2024, and Adjusted Free Cash Flow of $186.7 million in 2025 compared to $160.9 million in 2024 Refinanced Senior Notes with an upsized $500 million transaction at a lower coupon rate of 6.75% and extended maturity of 2033 Declared a quarterly cash dividend of $0.125 per share of common stock Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $18.4 million, or $0.61 per diluted share, for the quarter ended December 31, 2025 (the "Current Quarter") on total revenues of $377.3 million compared to net income attributable to the Company of $51.5 million, or $1.72 per diluted share, for the quarter ended September 30, 2025 (the "Preceding Quarter") on total revenues of $386.3 million. Bristow reported net income attributable to the Company of $129.1 million, or $4.32 per diluted share, for the year ended December 31, 2025 (the "Current Year") on total revenues of $1.5 billion compared to net income attributable to the Company of $94.8 million, or $3.21 per diluted share, on total revenues of $1.4 billion for the year ended December 31, 2024 (the "Prior Year").

HOUSTON, Feb. 23, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced that Anne Rappold has been named Chief Legal Officer and Corporate Secretary, effective immediately. Rappold has served as Acting Chief Legal Officer since August 2025, leading the Company's global Legal and Government Affairs functions.

HOUSTON, Feb. 17, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its fourth-quarter and full-year 2025 financial results after market close on Wednesday, February 25, 2026. In connection with the release, Bristow has scheduled a conference call for Thursday, February 26, 2026, to begin at 10:00 a.m.

HOUSTON, Jan. 26, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) (the "Company" or "Bristow") announced today the closing of its private offering of $500 million aggregate principal amount of 6.750% senior secured notes due 2033 (the "notes") and the amendment and extension of its asset-based revolving credit facility (the "ABL Facility") until 2031. The notes were issued under an indenture, dated January 26, 2026, among the Company, the subsidiary guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and collateral agent.

U.S. stocks settled mixed on Friday, with the Dow Jones index falling more than 250 points during the session. Stocks also recorded losses last week, with the 30-stock Dow losing 0.5% and the S&P 500 falling about 0.4%.

Companies sign industry-leading Pre-Delivery Payment (PDP) deposit agreement for fixed-delivery slots for five Electra EL9 Ultra Short aircraft, including the first delivery slot from Electra Bristow will deploy the EL9, which can take off and land in soccer field-sized spaces, to offer turnkey advanced air mobility (AAM) service solutions The multi-million-dollar PDP commitment deepens the Companies' longstanding partnership to deliver on the promise of Direct Aviation, a new era of accessible, point-to-point air mobility The PDPs for five EL9s converts Bristow's earlier pre-order Letter of Intent (LOI) into binding terms and conditions, subject to aircraft certification, aligned to the commercial aviation industry standard The Companies also agree on Bristow's options for another 45 aircraft on the same terms MANASSAS, Va. and HOUSTON, Jan. 21, 2026 /PRNewswire/ -- Electra.aero, Inc. (Electra), the aerospace company pioneering Direct Aviation, and Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, signed a Pre-Delivery Payment (PDP) deposit agreement with binding terms and conditions aligned to the commercial aviation industry standard, subject to aircraft certification, securing the first delivery slot for Electra's EL9 Ultra Short hybrid-electric aircraft, capable of carrying nine passengers with baggage or 3,000 pounds of cargo for 330 nautical miles, and has a maximum ferry range of 1,100 nautical miles with IFR reserves.

LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace (NYSE: EVTL) launches its U.S. tour in New York City this week, bringing its new commercial electric aircraft, Valo, to the U.S. for the first time alongside plans for electric air travel routes in New York with Bristow Group (NYSE: VTOL) and Skyports Infrastructure. The U.S. tour builds on Valo's unveiling in London in December 2025 and marks the next step in Vertical's global engagement with customers, investors, regulators, and partners.

HOUSTON, Jan. 14, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) (the "Company" or "Bristow") announced today the pricing of an upsized private offering of $500 million aggregate principal amount of 6.75% senior secured notes due 2033 (the "notes") to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The closing of the offering is expected to occur on January 26, 2026 and is subject to the satisfaction of customary closing conditions.

HOUSTON, Jan. 13, 2026 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL) (the "Company" or "Bristow") announced today that it has commenced, subject to market conditions and other factors, a private offering of $400 million aggregate principal amount of senior secured notes due 2033 (the "notes") to eligible purchasers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The notes are expected to pay interest semi-annually and will be fully and unconditionally guaranteed, jointly and severally, on a senior secured basis, by the Company's existing material, wholly owned domestic subsidiaries and certain existing material, foreign subsidiaries, as well as certain future subsidiaries.