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In a recent transaction, Bristow Group Inc. (NYSE:VTOL) director Lorin L. Brass sold 2,700 shares of the company’s common stock. The shares were sold at a price of $37.00 each, totaling $99,900. Following this sale, Brass now holds 28,104 shares directly. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission on March 3, 2025. The stock currently trades at $34.17, with analysts setting price targets between $47 and $50, suggesting potential upside. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score. Bristow Group Inc., headquartered in Houston, Texas, operates in the non-scheduled air transportation sector. With a market capitalization of $978 million and a P/E ratio of 10.5, the company has demonstrated strong profitability, generating $215 million in EBITDA over the last twelve months. Discover more insights and 6 additional key ProTips with InvestingPro’s comprehensive research report.
In other recent news, Bristow Group Inc. reported its fourth-quarter 2024 financial results, significantly surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.07, well above the projected $0.61, and reported revenues of $353.53 million, slightly exceeding the anticipated $349.85 million. These results reflect a strong performance in offshore energy services and government contracts. Additionally, Bristow Group’s adjusted EBITDA saw a 39% year-over-year increase, contributing to a substantial rise in operating cash flows. The company’s financial strength is further underscored by a marked increase in adjusted free cash flows to $161 million in 2024, up from $28 million in 2023. Bristow projects 2025 revenues between $1.4 billion and $1.6 billion, with adjusted EBITDA expected to range from $230 million to $260 million. The company is also focusing on growth opportunities in advanced air mobility and government services, with expectations for a 25% increase in the latter by 2026. These developments highlight Bristow Group’s strong market position and operational efficiency.
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