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Bristow Group Q3 revenue rises on acquisition impact

By Reuters News


Overview

  • Aviation services firm's Q3 revenue rose but slightly missed analyst expectations

  • Q3 adjusted EBITDA beat analyst expectations

  • Company repurchased $25 mln in shares during Q3


Outlook

  • Company sees 2026 total revenues of $1.64 bln to $1.7 bln

  • Company expects 2026 adjusted EBITDA of $300 mln to $320 mln

  • Company expects supply chain issues to stabilize during 2027


Result Drivers

  • ACQUISITION IMPACT - Co said acquisition of Bristow Special Missions (formerly Berry Aviation) drove higher revenues in Government and Other Services segments

  • OFFSHORE ENERGY - Offshore Energy Services segment saw robust profitability, supported by tight supply of helicopters and positive industry conditions

  • SUPPLY CHAIN CHALLENGES - Delays in aircraft modification programs for government contracts weighed on Government Services margins


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$437.90 mln

$440.85 mln (4 Analysts)

Q3 EPS

$0.93

Q3 Net Income

$27.70 mln

Q3 Adjusted EBITDA

Beat

$89.60 mln

$86.79 mln (4 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the airlines peer group is "buy"

  • Wall Street's median 12-month price target for Bristow Group Inc. is $62.00, about 50.4% above its November 2 closing price of $41.22

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Nov 2 - Ireland's Ryanair H1 profit falls 15% as fuel costs rise

  • Nov 3 - Lufthansa cuts 2026 outlook as jet fuel bill hits €9.3 billion

  • Nov 2 - India's IndiGo may fast-track some overseas growth as westward flights disrupted


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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