Fed Governor Adriana Kugler to resign
Maryanne Miller, a director at Bristow Group Inc. (NYSE:VTOL), sold 2,200 shares of the company’s common stock on March 19, 2025. The shares were sold at a price of $32.15 each, amounting to a total transaction value of $70,730. According to InvestingPro data, the company currently trades at an attractive P/E ratio of 9.7x and maintains a "GOOD" financial health score. Following this sale, Miller retains ownership of 19,173 shares in Bristow Group. The transaction was disclosed in a filing with the Securities and Exchange Commission. Bristow Group, headquartered in Houston, Texas, operates in the non-scheduled air transportation sector. The company has been profitable over the last twelve months, with analysts setting price targets between $47-50. InvestingPro analysis reveals 5+ additional key insights about VTOL’s financial position and growth prospects.
In other recent news, Bristow Group Inc. reported its fourth-quarter 2024 financial results, exceeding analysts’ expectations with an earnings per share (EPS) of $1.07, significantly higher than the forecasted $0.61. The company also reported revenues of $353.53 million, slightly above the predicted $349.85 million. This strong performance was driven by robust growth in offshore energy services and government contracts. Bristow’s financial results included a 39% year-over-year increase in adjusted EBITDA and a substantial rise in operating cash flows. The company has ambitious revenue and EBITDA targets for 2025, projecting revenues between $1.4 billion and $1.6 billion.
Additionally, Bristow plans to capitalize on growth opportunities in advanced air mobility and government services. The company has announced a new capital allocation framework, prioritizing debt reduction, high-return growth opportunities, and returning capital to shareholders. This includes a quarterly dividend program set to commence in the first quarter of 2026. Furthermore, Bristow’s stock received a positive market reaction following the earnings announcement, reflecting investor confidence in its operational strength. The company continues to focus on expanding its presence in key markets such as West Africa, Brazil, and the Caribbean.
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