New insider activity at Bristow Group ( (VTOL) ) has taken place on March 22, 2025.
Significant shareholder Solus Alternative Asset Management Lp has sold 14,043 shares of Bristow Group stock, amounting to a sale worth $450,692.
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 a decrease in quarterly 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 introduce a quarterly dividend program. Challenges faced include supply chain issues affecting aircraft availability, foreign exchange losses, and a tragic aviation safety incident. However, Bristow remains optimistic about growth prospects in the offshore energy and government services segments.
More about Bristow Group
YTD Price Performance: -9.43%
Average Trading Volume: 111,584
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $897M