Bristow reports Q2 FY 2017 USD12m net loss

Bristow Group Inc. (NYSE: BRS) has reported an adjusted net loss of USD12.3 million in the third quarter of fiscal year 2016 or adjusted diluted loss per share of USD0.35 for the quarter, compared to adjusted net income of USD1.3 million or adjusted diluted earnings per share of $0.04 for the quarter ended September 30, 2015, the company said.

The company reported a GAAP net loss of USD29.8 million or a diluted loss per share of USD0.85 compared to a GAAP net loss of USD47.1 million or diluted loss per share of USD1.21 for the September 2015 quarter.

For the September 2016 year-to-date period, the company reported a GAAP net loss of USD70.6 million or diluted loss per share of USD2.02 compared to a GAAP net loss of USD50.4 million or diluted loss per share of USD1.49 for the September 2015 year-to-date period. The company reported an adjusted net loss of USD24.3 million or adjusted diluted loss per share of USD0.69 for the September 2016 year-to-date period compared to adjusted net income of USD19.9 million or adjusted diluted earnings per share of USD0.56 for the September 2015 year-to-date period.