New insider activity at Bristow Group ( (VTOL) ) has taken place on March 4, 2025.
Director Lorin L. Brass has made a notable transaction by selling 2,700 shares of Bristow Group stock, amounting to a total value of $99,900.
Recent Updates on VTOL stock
Bristow Group Inc. reported strong financial results for Q4 and the full year 2024, exceeding its revised outlook. The company’s net income increased due to cost reductions and new government contracts in Ireland and the UK, despite decreased revenues from lower utilization and unfavorable exchange rates. Bristow announced a new capital allocation framework focusing on debt reduction, growth opportunities, and returning capital to shareholders through dividends and share buybacks. The company plans to reduce its debt to $500 million by 2026 and initiate a quarterly dividend program. Challenges such as aviation safety incidents, supply chain issues, and foreign exchange losses were also highlighted. The government services segment is expected to grow, driven by stable long-term cash flows from high-credit-quality customers.
More about Bristow Group
YTD Price Performance: 4.93%
Average Trading Volume: 122,182
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.06B