Bristow Group (BRS) Misses Q4 EPS by 33c, FY16 EPS Guidance Misses

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Bristow Group Reports Financial Results For Its 2015 Fiscal Fourth Quarter And Year Ended March 31, 2015

May 20, 2015 5:05 PM EDT

HOUSTON, May 20, 2015 /PRNewswire/ -- Bristow Group Inc. (NYSE: BRS) today reported net income for the March 2015 fiscal fourth quarter of $15.1 million, or $0.43 per diluted share, compared to net income of $30.3 million, or $0.83 per diluted share, in the same period a year ago.

Adjusted net income, which excludes special items and asset disposition effects, decreased 35.3% to $31.8 million, or $0.91 per diluted share, for the March 2015 quarter, compared to $49.1 million, or $1.35 per diluted share, in the March 2014 quarter.

Operating revenue was $418.9 million for the March 2015 quarter compared to $404.6 million a year... More