Bristow Group (BRS) Tops Q4 EPS by 12c, Offers Guidance

May 21, 2014 5:19 PM

Bristow Group (NYSE: BRS) reported Q4 EPS of $1.35, $0.12 better than the analyst estimate of $1.23. Revenue for the quarter came in at $440 million versus the consensus estimate of $438.8 million.

Bristow Group sees FY2014 EPS of $4.70-$5.20, versus the consensus of $5.23.

"Our continued improvement in operating and commercial performance has delivered strong twelve month year-to-date financial results, as seen in the 18% growth in adjusted EPS for fiscal year 2014 compared to fiscal year 2013," said Jonathan E. Baliff, Senior Vice President and Chief Financial Officer of Bristow Group. "We were able to deliver adjusted EPS of $4.45 per share in fiscal year 2014, which is above the midpoint of our revised adjusted EPS guidance range of $4.25 to $4.55 for fiscal year 2014 that we reaffirmed on our last third quarter earnings call."

"The ability for Bristow to deliver on our annual financial guidance these past number of years and more than double our quarterly dividend in the face of industry challenges reinforces our confidence in the previously provided long term average adjusted earnings growth rate of 10-15% per year and the adjusted EPS guidance range for fiscal year 2015 of $4.70 to $5.20 that we are providing today."

As a reminder, our adjusted diluted earnings per share guidance excludes the effect of special items and asset dispositions because their timing and amounts are more variable and less predictable. Further, this guidance is based on current foreign currency exchange rates. In providing this guidance, we have not included the impact of any changes in accounting standards or significant acquisitions and divestitures. Events or other circumstances that we do not currently anticipate or cannot predict, including any issues involved with the return to full revenue service of the EC225 aircraft and changes in the market and industry, could result in earnings per share for fiscal year 2015 that are significantly above or below this guidance. Factors that could cause such changes are described below under the Forward-Looking Statements Disclosure and the Risk Factors in our annual report on Form 10-K for the fiscal year ended March 31, 2014.

For earnings history and earnings-related data on Bristow Group (BRS) click here.


Earnings Guidance