Wed, May 7, 10:07 AM (12 days ago)
**Bristow Group Inc. (VTOL) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $350.53 million, up 3.99% from $337.09 million in Q1 2024. - **Net Income:** $27.38 million, a significant increase from $6.63 million in Q1 2024. - **Operating Income:** $33.55 million, up from $22.83 million in Q1 2024. - **Profit Margins:** Improved with a net margin of 7.81% compared to 1.97% in Q1 2024. - **Cash Flow:** Negative operating cash flow of $0.60 million, down from positive $26.68 million in Q1 2024 due to working capital changes. **Earnings Changes:** - **Earnings per Share (EPS):** Basic EPS of $0.95, up from $0.23 in Q1 2024. Diluted EPS of $0.92, up from $0.23. - **Weighted Average Shares:** Basic 28,667,000, up from 28,332,000. Diluted 29,867,000, up from 29,239,000. **Segment Performance:** - **Offshore Energy Services:** Revenue of $239.79 million, operating income of $37.37 million. - **Government Services:** Revenue of $85.94 million, operating income of $6.01 million. - **Other Services:** Revenue of $24.80 million, operating loss of $0.62 million. **Trends & Uncertainties:** - **Seasonality:** Q1 is typically the lowest revenue period due to fewer daylight hours. - **Tariffs & Trading Relationships:** U.S. tariffs may impact costs and availability of aircraft components. - **Fleet Management:** Significant capital commitments for new aircraft, with options for additional purchases. - **Market Risks:** Exposure to foreign currency exchange rates, credit risk, and interest rates. **Future Operations Impact:** - **Capital Expenditures:** $52.06 million, primarily for aircraft and equipment. - **Debt:** Total debt of $701.95 million, with no near-term maturities. - **Liquidity:** $191.13 million in unrestricted cash and $63.2 million availability under the ABL Facility. **Conclusion:** Bristow Group Inc. showed strong financial performance in Q1 2025 with significant revenue and net income growth. However, negative operating cash flow and uncertainties related to tariffs, fleet management, and market risks should be monitored. The company's liquidity position and strategic capital expenditures indicate a focus on future growth and operational efficiency.