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Bristow Group Reports First Quarter 2025 Results; Affirms 2025 And 2026 Outlook Ranges

Bristow Group Inc. Reported first quarter 2025 results on May 6, 2025, from Houston, showing $350.5 million in total revenues and $27.4 million net income.
These results followed lower European revenues mainly from reduced UK utilization, along with higher revenues in the Americas and Africa due to increased helicopter usage and capacity.
Government Services revenues rose by $3.4 million, helped by the Irish Coast Guard contract, leading to a 40.7% increase in adjusted operating income and an operating margin rise from 3% to 7%.
Adjusted EBITDA stood at $57.7 million for Q1 2025, with the company projecting a 2025 adjusted EBITDA range of $230 to $260 million and total revenues between $1,420 and $1,615 million, CEO Chris Bradshaw affirming a positive outlook despite macroeconomic risks.
The outlook reflects Bristow's diverse geographic markets, stability in its Government Services, and Offshore Energy Services production support, while noting risks like supply chain issues, customer base shifts, and global economic uncertainties.

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