Bristow Group COO Alan Corbett Announces Retirement Plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 20 2026
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Should l Buy VTOL?
Source: Newsfilter
- Leadership Transition: Bristow Group's COO Alan Corbett has announced his retirement at the end of the year, although he will remain in his role to assist with the appointment of a successor, reflecting the company's commitment to stable leadership.
- Contribution to Business Growth: Since joining Bristow in 2014, Corbett has held several senior leadership roles, particularly in Government Services, where under his leadership, the company secured significant long-term contracts, including the UK Search and Rescue Second-Generation program, enhancing its market position.
- Global Search Process Initiated: The company has engaged an experienced international executive search firm to support a comprehensive global search for Corbett's successor, demonstrating Bristow's focus on future leadership and strategic planning.
- Expansion of Government Services: During Corbett's tenure, Bristow significantly expanded its Government Services portfolio, successfully signing contracts with the Irish Coast Guard and the Netherlands and Dutch Caribbean Coast Guard, further solidifying the company's position as a trusted partner to government agencies.
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Analyst Views on VTOL
Wall Street analysts forecast VTOL stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 48.900
Low
45.00
Averages
48.50
High
52.00
Current: 48.900
Low
45.00
Averages
48.50
High
52.00
About VTOL
Bristow Group Inc. is a provider of vertical flight solutions. The Company primarily provides aviation services to a broad base of offshore energy companies and government entities. Its aviation services include personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, unmanned systems, and ad-hoc helicopter services. Its business consists of three operating segments: Offshore Energy Services, Government Services and Other Services. Its energy customers charter its helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Its government customers primarily outsource SAR activities whereby the Company operates specialized helicopters and provides highly trained personnel. Its other services include fixed-wing transportation services through a regional airline and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bristow Group Q1 2026 Earnings Call Insights
- Financial Performance Outlook: Bristow Group anticipates total revenues between $1.6 billion and $1.7 billion for 2026, with adjusted EBITDA ranging from $295 million to $325 million, reflecting a robust growth potential of approximately 25% year-over-year, indicating a strong trajectory in a transformational year.
- Revenue Growth Drivers: Total revenues increased by $11.4 million compared to Q4 2025, primarily driven by heightened activity in Government Services and increased rates in key Offshore Energy Services, showcasing the company's positive performance amid recovering market demand.
- Depreciation Impact: The company recognized an additional $6.4 million in noncash depreciation expense in Q1 related to S76D medium helicopters, with an expected additional $24 million through early 2027, indicating a significant impact on future financial performance due to the transition to newer models.
- Liquidity and Shareholder Returns: As of March 2026, Bristow reported an unrestricted cash balance of $342 million and total liquidity of approximately $394 million, while also paying $3.7 million in dividends during the quarter, demonstrating the company's ability to maintain financial health and return value to shareholders.
See More
Bristow Group Reports Q1 2026 Financial Highlights
- Net Income Decline: Bristow Group reported a net income of $13.1 million for Q1 2026, translating to $0.44 per diluted share, down from $18.4 million and $0.61 per share in Q4 2025, indicating cost pressures despite revenue growth.
- Revenue Growth: Total revenues reached $388.7 million in Q1, a 3.0% increase from $377.3 million in the previous quarter, with offshore energy services revenue rising by $6.9 million, primarily driven by higher utilization rates in the U.S. and Trinidad.
- Operating Income Fluctuation: Operating income from offshore energy services was $35.7 million, down 15.3% from the previous quarter, mainly due to a $6.0 million increase in depreciation and amortization expenses, highlighting challenges in asset management and cost control.
- Future Outlook: Bristow anticipates total revenues for 2026 to range between $1.58 billion and $1.69 billion, reflecting a positive outlook on market demand, particularly in the context of increasing defense spending and energy security concerns.
See More
Bristow Group to Announce Q1 Earnings on May 5th
- Earnings Announcement: Bristow Group is set to release its Q1 2023 earnings on May 5th after market close, with consensus EPS estimated at $1.10 and revenue expected to reach $384.47 million, reflecting a 9.7% year-over-year growth, which will provide investors with an updated view of the company's financial health.
- Earnings Estimate Changes: Over the past three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates experienced one upward and one downward revision, indicating some uncertainty in market expectations regarding Bristow's profitability, which could impact investor confidence.
- Long-Term Financial Guidance: Bristow has affirmed its adjusted EBITDA guidance for 2026 in the range of $295 million to $325 million, demonstrating the company's confidence in its future financial performance while providing investors with clear earnings expectations.
- Dividend Program Launch: The announcement of a dividend program by Bristow Group aims to reward shareholders and enhance investor appeal, a move that could potentially boost the company's stock market performance and attract more long-term investors.
See More
Bristow Group Declares Cash Dividend
- Cash Dividend Announcement: Bristow Group has declared a cash dividend of $0.125 per share, payable on May 29, 2026, reflecting the company's commitment to returning value to shareholders.
- Record Date for Shareholders: The record date for this dividend is set for May 15, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby boosting investor confidence.
- Future Dividend Plans: The company intends to pay regular quarterly cash dividends in the foreseeable future, although subsequent dividends and related dates are subject to final determination by the Board after reviewing financial performance, indicating a focus on financial health.
- Business Overview: Bristow Group is a leading global provider of innovative vertical flight solutions, primarily serving offshore energy companies and government entities with aviation services including personnel transport, search and rescue, and medevac, highlighting its significant role in the industry.
See More
Bristow Group to Release Q1 2026 Financial Results
- Earnings Release Schedule: Bristow Group plans to release its Q1 2026 financial results after market close on May 5, 2026, which is expected to provide investors with the latest financial data and business performance insights.
- Conference Call Timing: The company has scheduled a conference call for May 6, 2026, at 10:00 a.m. ET, allowing investors to participate via an early registration link to gain further insights into the financial results and future outlook.
- Replay Availability: A replay of the conference call will be available until May 27, 2026, and investors can access the replay using the same link, ensuring that those unable to attend live can still obtain key information.
- Investor Presentation: Alongside the earnings release, Bristow will provide a related investor presentation on its website's investor section, aiding investors in better understanding the company's financial status and strategic direction.
See More
Bristow Group COO Alan Corbett to Retire by Year-End
- Executive Retirement Announcement: Bristow Group's COO Alan Corbett announced his intention to retire by year-end, while he will remain in his role until a successor is appointed, ensuring a smooth leadership transition and operational continuity for the company.
- Extensive Leadership Experience: Since joining Bristow in 2014, Corbett has held several senior leadership positions, including Region Director for the Europe Business Unit and Vice President of EAMEA, showcasing his deep experience in international operations that aids the company's strategic positioning in global markets.
- Recent Appointment: Corbett was appointed as COO of Government Services in February 2023, responsible for driving the company's business in government contracts, and his successor will face the challenge of continuing this strategic direction.
- Future Outlook: Bristow Group affirms its adjusted EBITDA guidance for 2026 at $295 million to $325 million while launching a dividend program, indicating a stable financial outlook during the executive transition period.
See More
Bristow Group Q1 2026 Earnings Call Insights
- Financial Performance Outlook: Bristow Group anticipates total revenues between $1.6 billion and $1.7 billion for 2026, with adjusted EBITDA ranging from $295 million to $325 million, reflecting a robust growth potential of approximately 25% year-over-year, indicating a strong trajectory in a transformational year.
- Revenue Growth Drivers: Total revenues increased by $11.4 million compared to Q4 2025, primarily driven by heightened activity in Government Services and increased rates in key Offshore Energy Services, showcasing the company's positive performance amid recovering market demand.
- Depreciation Impact: The company recognized an additional $6.4 million in noncash depreciation expense in Q1 related to S76D medium helicopters, with an expected additional $24 million through early 2027, indicating a significant impact on future financial performance due to the transition to newer models.
- Liquidity and Shareholder Returns: As of March 2026, Bristow reported an unrestricted cash balance of $342 million and total liquidity of approximately $394 million, while also paying $3.7 million in dividends during the quarter, demonstrating the company's ability to maintain financial health and return value to shareholders.
See More
Bristow Group Reports Q1 2026 Financial Highlights
- Net Income Decline: Bristow Group reported a net income of $13.1 million for Q1 2026, translating to $0.44 per diluted share, down from $18.4 million and $0.61 per share in Q4 2025, indicating cost pressures despite revenue growth.
- Revenue Growth: Total revenues reached $388.7 million in Q1, a 3.0% increase from $377.3 million in the previous quarter, with offshore energy services revenue rising by $6.9 million, primarily driven by higher utilization rates in the U.S. and Trinidad.
- Operating Income Fluctuation: Operating income from offshore energy services was $35.7 million, down 15.3% from the previous quarter, mainly due to a $6.0 million increase in depreciation and amortization expenses, highlighting challenges in asset management and cost control.
- Future Outlook: Bristow anticipates total revenues for 2026 to range between $1.58 billion and $1.69 billion, reflecting a positive outlook on market demand, particularly in the context of increasing defense spending and energy security concerns.
See More
Bristow Group to Announce Q1 Earnings on May 5th
- Earnings Announcement: Bristow Group is set to release its Q1 2023 earnings on May 5th after market close, with consensus EPS estimated at $1.10 and revenue expected to reach $384.47 million, reflecting a 9.7% year-over-year growth, which will provide investors with an updated view of the company's financial health.
- Earnings Estimate Changes: Over the past three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates experienced one upward and one downward revision, indicating some uncertainty in market expectations regarding Bristow's profitability, which could impact investor confidence.
- Long-Term Financial Guidance: Bristow has affirmed its adjusted EBITDA guidance for 2026 in the range of $295 million to $325 million, demonstrating the company's confidence in its future financial performance while providing investors with clear earnings expectations.
- Dividend Program Launch: The announcement of a dividend program by Bristow Group aims to reward shareholders and enhance investor appeal, a move that could potentially boost the company's stock market performance and attract more long-term investors.
See More
Bristow Group Declares Cash Dividend
- Cash Dividend Announcement: Bristow Group has declared a cash dividend of $0.125 per share, payable on May 29, 2026, reflecting the company's commitment to returning value to shareholders.
- Record Date for Shareholders: The record date for this dividend is set for May 15, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby boosting investor confidence.
- Future Dividend Plans: The company intends to pay regular quarterly cash dividends in the foreseeable future, although subsequent dividends and related dates are subject to final determination by the Board after reviewing financial performance, indicating a focus on financial health.
- Business Overview: Bristow Group is a leading global provider of innovative vertical flight solutions, primarily serving offshore energy companies and government entities with aviation services including personnel transport, search and rescue, and medevac, highlighting its significant role in the industry.
See More
Bristow Group to Release Q1 2026 Financial Results
- Earnings Release Schedule: Bristow Group plans to release its Q1 2026 financial results after market close on May 5, 2026, which is expected to provide investors with the latest financial data and business performance insights.
- Conference Call Timing: The company has scheduled a conference call for May 6, 2026, at 10:00 a.m. ET, allowing investors to participate via an early registration link to gain further insights into the financial results and future outlook.
- Replay Availability: A replay of the conference call will be available until May 27, 2026, and investors can access the replay using the same link, ensuring that those unable to attend live can still obtain key information.
- Investor Presentation: Alongside the earnings release, Bristow will provide a related investor presentation on its website's investor section, aiding investors in better understanding the company's financial status and strategic direction.
See More
Bristow Group COO Alan Corbett to Retire by Year-End
- Executive Retirement Announcement: Bristow Group's COO Alan Corbett announced his intention to retire by year-end, while he will remain in his role until a successor is appointed, ensuring a smooth leadership transition and operational continuity for the company.
- Extensive Leadership Experience: Since joining Bristow in 2014, Corbett has held several senior leadership positions, including Region Director for the Europe Business Unit and Vice President of EAMEA, showcasing his deep experience in international operations that aids the company's strategic positioning in global markets.
- Recent Appointment: Corbett was appointed as COO of Government Services in February 2023, responsible for driving the company's business in government contracts, and his successor will face the challenge of continuing this strategic direction.
- Future Outlook: Bristow Group affirms its adjusted EBITDA guidance for 2026 at $295 million to $325 million while launching a dividend program, indicating a stable financial outlook during the executive transition period.
See More
