VTOL

Collaboration for Zero-Emission Aviation: Avinor and the Civil Aviation Authority of Norway have partnered to establish Norway as a test arena for zero- and low-emission aviation, signing an agreement with BETA Technologies and Bristow Norway for demonstration cargo flights using electric aircraft starting in late summer 2025.

Government Support and Infrastructure Development: The Norwegian government aims to accelerate the transition to sustainable aviation by allocating one billion kroner for initiatives outlined in the National Transport Plan, which includes developing necessary infrastructure such as fast chargers at airports to support the new technologies.

Insider Trading Activity: Solus, a 10% owner of $VTOL, sold 8,323 shares for approximately $272,281, marking a 0.3% reduction in their holdings; all recent insider trades have been sales with no purchases in the last six months.

Institutional Investor Movements: In the latest quarter, 81 institutional investors increased their positions in $VTOL stock while 63 decreased theirs, indicating mixed sentiment among institutional stakeholders.

Analyst Ratings: Jason Bandel from Evercore ISI maintains a Buy rating on Bristow Group (VTOL) with a price target of $47.00, while the analyst consensus suggests a Moderate Buy with an average price target of $48.50, indicating potential upside.

Insider Activity: Recent corporate insider sentiment for VTOL is negative, with an increase in share sales by insiders, including a notable sale by Director Brian Truelove, raising concerns about future performance despite positive earnings reports.

Earnings Performance: Bristow Group reported a Q4 GAAP EPS of $1.07, exceeding expectations by $0.69, while revenue reached $353.53 million, marking a 4.6% year-over-year increase but falling short of estimates by $13.47 million.

Future Outlook: The company has surpassed the top end of its 2024 outlook and has confirmed its projections for 2025 and 2026.

Tether Holdings and Carlos Slim's Investments: Tether Holdings increased its stake in Bitdeer Technologies to 28.8% by purchasing over 4 million shares, while Carlos Slim raised his holdings in PBF Energy to 22.8% with the acquisition of 1.2 million shares.

Stake Reductions by Various Firms: South Dakota Investment Council, Sylebra Capital, Avalon Ventures XI, and Opko Health all reduced their stakes in Bristow Group, Impinj, Janux Therapeutics, and GeneDX Holdings respectively, with notable share price increases for Janux and GeneDX in 2024.

Long-term Support Agreement: Bristow Group and Leonardo have finalized a long-term support package for the AW139 and AW189 helicopter fleets, enhancing maintenance efficiency and introducing new training capabilities with an AW139 simulator in Aberdeen by 2026.

Fleet Expansion: Bristow plans to add four new AW189 helicopters to its offshore energy services fleet by 2025 and 2026, aligning with its strategic growth objectives and operational demands.

Long-term Support Agreement: Bristow Group and Leonardo have finalized a long-term support package for the AW139 and AW189 helicopter fleets, enhancing maintenance efficiency and introducing new training capabilities with an AW139 simulator in Aberdeen by 2026.

Fleet Expansion: Bristow plans to add four new AW189 helicopters to its offshore energy services fleet by 2025 and 2026, aligning with its strategic growth objectives and operational demands.

Financial Performance: Bristow Group reported total revenues of $365.1 million in Q3 2024, a slight increase from $359.7 million in Q2 2024, with net income remaining stable at $28.2 million but slightly lower earnings per diluted share at $0.95 compared to $0.96 in the previous quarter.

Adjusted EBITDA Outlook: The company raised its full-year 2024 Adjusted EBITDA guidance range to $220-$230 million, driven by growth in government services and offshore energy sectors, despite facing higher operating expenses and fluctuations in revenue from different service lines.

Financial Results Announcement: Bristow Group Inc. will release its third quarter 2024 financial results on November 5, 2024, followed by a conference call on November 6, 2024, at 10:00 a.m. ET.

Company Overview: Bristow Group is a leading provider of vertical flight solutions, offering aviation services primarily to offshore energy companies and government entities across various countries.

Bristow Group Announcement: Bristow Group Inc. will have its CEO, Chris Bradshaw, participate in a fireside chat at a conference on September 24, 2024, and engage in investor meetings throughout the day.

Company Overview: Bristow Group is a leading provider of sustainable vertical flight solutions, offering aviation services to offshore energy companies and government entities across various countries.

Bristow Group Participation: Bristow Group Inc. will attend the Barclays 38th Annual CEO Energy-Power Conference on September 3, 2024, with CEO Chris Bradshaw and CFO Jennifer Whalen participating in investor meetings.

Company Overview: Bristow is a leading provider of sustainable vertical flight solutions, offering aviation services to offshore energy companies and government entities across various countries.

Bristow Group CEO Participation: Chris Bradshaw, President and CEO of Bristow Group Inc., will engage in a fireside chat with James West from Evercore ISI on September 4, 2024, at 11 a.m. Eastern Time, with registration available for investors.

Company Overview: Bristow Group is a leading provider of vertical flight solutions, offering various aviation services to offshore energy companies and government entities across multiple countries.

Financial Performance: Bristow Group reported total revenues of $359.7 million in Q2 2024, a significant increase from $337.1 million in Q1 2024, with net income rising to $28.2 million compared to $6.6 million in the previous quarter. Adjusted EBITDA also improved to $71.3 million from $47.5 million.

Outlook and Growth: The company has raised its Adjusted EBITDA guidance for 2024 to a range of $210-$230 million and for 2025 to $230-$260 million, citing strong growth potential in government services and offshore energy sectors as key drivers for future performance.

Financial Results Announcement: Bristow Group Inc. will release its second quarter 2024 financial results on August 6, 2024, followed by a conference call on August 7, 2024, at 10 a.m. ET.

Company Overview: Bristow Group is a leading provider of vertical flight solutions, offering aviation services to offshore energy companies and government entities across various countries.

Albion River Management's Investment in Ducommun: Albion River Management increased its stake in Ducommun to 9.2% by purchasing additional shares, while also making cash offers to acquire all outstanding shares, which were rejected by Ducommun.

Stake Reductions by Various Firms: Several investment firms, including Pershing Square Capital and Smiths Group, reduced their stakes in companies like Restaurant Brands International and ICU Medical, with varying impacts on their ownership percentages and stock performance throughout the year.

• Released its third annual Sustainability Report emphasizing responsible growth and sustainable practices.
• Focus on minimizing environmental footprint, maintaining operational resilience, and inclusive workforce.
• Achieved a 50% reduction in Lost Work Cases and a 39% decrease in Total Recordable Incident Rate in 2023.
• Making strides in Advanced Air Mobility (AAM) with partnerships for electric and hybrid propulsion technologies.
• Reinforced commitment to ethical business practices, human rights, and governance excellence.