Bristow Group, Inc. (NYSE:BRS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Bristow Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 83.64% to $1.01 in the quarter versus EPS of $0.55 in the year-earlier quarter.
Revenue: Rose 9.28% to $391.64 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bristow Group, Inc. reported adjusted EPS income of $1.01 per share. By that measure, the company missed the mean analyst estimate of $1.02. It beat the average revenue estimate of $380.56 million.
Quoting Management: “Fiscal year 2013 was an excellent financial year for Bristow with record revenue, cash flow and bottom line earnings,” said William E. Chiles, President and Chief Executive Officer of Bristow Group. “We benefitted from increased activity in most of our business units driven by increased demand from our clients for our services and improved contract terms. This increased activity is being fueled by our clients’ exploration success which continues to unlock new plays in deep water and harsh environment areas.”
Key Stats (on next page)…