Bristow Group reports 335m in Q2 FY 2018 revenue

Bristow Group Inc. (NYSE: BRS) has reported USD 334,711,000 in second quarter 2018 operating revenue, compared to USD 357,992,000 in the same quarter of 2017, a decrease of (6.5)%, the company said.

Net loss in the second quarter 2018 was USD 144.2 million, compared to a net loss of USD 31.2 million for the same quarter in 2017.

Diluted loss per share in the quarter was (4.03), compared to a loss in the same quarter 2017 of (0.88), a decrease of 358%.

Adjusted EBITDA was USD 2.13m, compared to USD 3.238m, a 34.2% decrease from the same quarter 2017.

Adjusted net loss was USD (28m), compared to USD (11.6m), a decrease of 141.3%.

Operating cash flow was USD 17.2, compared to 15.9m in the second quarter 2017, an increase of 8.7%.

Bristow Group Inc. is the leading global industrial aviation services provider offering helicopter transportation, search and rescue (SAR) and aircraft support services to government and civil organizations worldwide.