Bristow Q1 FY26 net income falls 28.9% to USD 13.1 million; revenue rises 3% to USD 388.7 million

Bristow Group Inc

Bristow Group Inc

VTOL

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  • Bristow posted Q1 2026 net income of USD 13.1 million, down from USD 18.4 million in Q4 2025; diluted EPS slipped to USD 0.44 from USD 0.61.
  • Revenue rose 3% to USD 388.7 million, while operating income increased to USD 34.7 million from USD 32.1 million.
  • Net cash used in operating activities was USD 8.3 million versus cash provided of USD 76.9 million in the prior quarter, due to working-capital changes including higher accounts receivable.
  • Liquidity totaled USD 393.6 million, including USD 342.1 million in unrestricted cash; Bristow affirmed its 2026 adjusted EBITDA outlook range of USD 295 million-USD 325 million.
  • CEO Chris Bradshaw said 2026 is expected to be a “transformational year,” citing increased defense spending, energy security, and electrification as key drivers of organic and inorganic growth opportunities.


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