Bristow Group (BRS) Misses Q2 EPS by 36c, Maintains FY Guidance
Bristow Group (NYSE: BRS) reported Q2 EPS of $0.87, $0.36 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $475.64 million versus the consensus estimate of $466.8 million.
Bristow Group sees FY2015 EPS of $4.70-$5.20, versus the consensus of $4.98.
"Our fiscal second quarter of 2015 was impacted by a number of costs and foreign exchange impacts, resulting in a decrease in earnings per share year over year and sequentially. Nevertheless, our management team continues to be focused on our annual performance, and we currently expect a stronger second half of the year," said John H. Briscoe, Senior Vice President and Chief Financial Officer of Bristow Group. "Our global business continues to deliver robust increases in gross cash flow returns and BVA, while growing our business and creating a balanced return to our shareholders. Our global team is raising the bar with significant optimization and transformational efforts underway including a new global ERP system, the first phase of which went live in October. Our dedicated employees have stepped up to the challenge, while remaining focused on safety and our clients."
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