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Bristow Group Inc (BRS)

BRS on New York Consolidated

7.37USD
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Bristow Group Q1 adjusted loss per share $0.83
Thursday, 3 Aug 2017 04:52pm EDT 

Aug 3 (Reuters) - Bristow Group Inc ::Bristow Group reports first quarter fiscal year 2018 results.Q1 adjusted loss per share $0.83.Q1 loss per share $1.57.Q1 earnings per share view $-1.08 -- Thomson Reuters I/B/E/S.Qtrly gross revenue $352.1 million versus $369.4 million.Sees fy18 operating revenue about $1.3bln - $1.4 billion.  Full Article

Bristow Group announces suspension of quarterly dividend
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - Bristow Group Inc ::Bristow Group announces suspension of quarterly dividend.Bristow Group Inc - ‍ suspended its quarterly dividend of $0.07 per share, which will preserve approximately $10 million on an annualized basis​.  Full Article

Bristow says unit entered into an agreement to sell Sikorsky SAR S-92A model aircraft
Monday, 12 Jun 2017 04:53pm EDT 

June 12 (Reuters) - Bristow Group Inc :Bristow group says unit entered into an agreement to sell Sikorsky sar s-92a model aircraft to another helicopter operator for about $40.0 million in cash​.  Full Article

Bristow Group says announcing sale of a SAR S-92 for about $40 mln
Friday, 9 Jun 2017 10:32am EDT 

June 9 (Reuters) - Bristow Group Inc ::Says announcing sale of a SAR S-92 for approximately $40 million; expected to close next week​ - presentation.  Full Article

Bristow Group announces strategic and leadership changes
Thursday, 8 Jun 2017 05:28pm EDT 

June 8 (Reuters) - Bristow Group Inc :Bristow announces critical strategic and leadership changes for a competitive and profitable future.Bristow Group Inc - new bristow's europe hub includes africa, asia, australia, norway, uk, turkmenistan and middle east.Bristow Group Inc - new Bristow will have two primary geographical hubs in key areas of business, europe and americas.Bristow Group Inc - company's americas hub includes bristow academy, u.s. Gulf of mexico, suriname, guyana, trinidad, canada and brazil.Bristow Group Inc - anticipates that in 12 to 24 months, company will have higher quality revenue, which includes $2.3 billion uk sar contract.Bristow Group Inc - Alan Corbett has been named vice president europe, africa, middle east, asia (eamea).Bristow Group Inc - Rob Phillips has been named vice president americas.Bristow Group Inc - structural change into two primary hubs is expected to generate "significant cost savings", in part through lower g&a costs.Bristow Group Inc - Chet Akiri, senior VP and chief commercial officer, and Bill Collins, senior VP global operations, have departed company.Bristow Group Inc - Bristow plans to bid on approximately 30-40 contracts this fiscal year, many of which are currently held by competitors.  Full Article

Senvest Management reports 5.28 pct passive stake in Bristow Group
Monday, 5 Jun 2017 05:19pm EDT 

June 5 (Reuters) - Bristow Group Inc ::Senvest Management reports a 5.28 percent passive stake in Bristow Group as of may 30 - sec filing.  Full Article

Bristow Group Q4 adjusted loss per share $1.15
Tuesday, 23 May 2017 04:45pm EDT 

May 23 (Reuters) - Bristow Group Inc :Bristow group reports fiscal fourth quarter and full fiscal year 2017 results.Q4 adjusted loss per share $1.15.Q4 gaap loss per share $2.22.Q4 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S.Bristow group inc - expect fiscal year 2018 results to be impacted by continued offshore oil and gas industry downturn.Bristow group inc - "industry conditions in march 2017 quarter are expected to continue into fiscal year 2018".Bristow group inc - fiscal year 2018 results are expected to be better than annualized q4 fiscal year 2017 results.Bristow group inc - anticipate sequential quarterly improvement beginning in second half of fiscal year.Bristow group inc - qtrly operating revenue $323.7 million versus. $375.3 million.Q4 earnings per share view $-0.48, revenue view $326.2 million -- Thomson Reuters I/B/E/S.Bristow group inc - march 2017 quarter and fiscal year 2017 results were impacted by costs incurred resulting from grounding of airbus h225 fleet.Bristow group inc - march 2017 quarter and fiscal year 2017 results were also impacted by depreciation of british pound sterling.  Full Article

Lockheed Martin says Sikorsky and Bristow working to enter into long-term agreement
Tuesday, 7 Mar 2017 09:00am EST 

Bristow Group Inc : Lockheed Martin Corp - Sikorsky and Bristow group working to enter into a long-term agreement . Lockheed Martin Corp - following completion of agreement, training courses are expected to begin later this year . Lockheed Martin-intent of agreement to allow Sikorsky Blackhawk,S-70I,S-92, S-76, light helicopter customers to complete Sikorsky-certified training curriculum .Lockheed Martin- agreement establishes Bristow as Sikorsky's preferred supplier for AB initio pilot training for Sikorsky aircraft customers.  Full Article

Bristow Group's unit entered into a term loan credit agreement - SEC Filing
Thursday, 2 Feb 2017 05:29pm EST 

Bristow Group Inc : Bristow Group Inc- On February 1, 2017 unit entered into a term loan credit agreement - SEC Filing . Bristow Group Inc- Pursuant to agreement, lenders provided commitments to make a term loan in amount of $200 million .Bristow Group Inc- 2017 term loan will bear interest at an interest rate equal to Ice Benchmark Administration Limited LIBOR plus 5.35% per annum.  Full Article

Bristow Group Q3 adjusted loss per share $0.29
Thursday, 2 Feb 2017 04:56pm EST 

Bristow Group Inc : Bristow group reports third quarter fiscal year 2017 results . Q3 adjusted loss per share $0.29 . Q3 gaap loss per share $0.62 . Q3 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S . Bristow Group Inc - decline in oil and gas industry started in fiscal year 2015 and has continued into fiscal year 2017 . Bristow Group - in february 2017, co's unit entered into a term loan credit agreement for a $200 million five-year secured equipment financing . Bristow Group - proceeds from secured equipment financing expected to be used to repay amounts due under existing term loans . Bristow Group - in Feb 2017, executed commitment letter for about 6-year, $230 million secured equipment financing with PK Transportation Finance Ireland .Qtrly operating revenue $324.35 million versus $395.12 million.  Full Article

BRIEF-Bristow Group Q1 adjusted loss per share $0.83

* Bristow Group reports first quarter fiscal year 2018 results