Bristow Group (BRS) Reports Q2 EPS of 4c, Updates FY EPS Guidance

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Bristow Group Reports Financial Results For Its 2016 Fiscal Second Quarter And Six Months Ended September 30, 2015

November 5, 2015 5:15 PM EST

HOUSTON, Nov. 5, 2015 /PRNewswire/ -- Bristow Group Inc. (NYSE: BRS) today reported a GAAP net loss for the September 2015 quarter of $47.1 million, or $1.21 per diluted share, compared to net income of $26.1 million, or $0.73 per diluted share, in the same period a year ago.

Adjusted net income, which excludes $37.6 million of special items and $10.8 million of losses on asset dispositions, decreased 96% to $1.3 million, or $0.04 per diluted share, for the September 2015 quarter, compared to adjusted net income of $31.1 million, or $0.87 per diluted share, in the September 2014 quarter.

Adjusted earnings before interest, taxes, depreciation,... More