Bristow Q3 Revenue Rises to $437.9M; Net Income Hits $27.7M
HOUSTON – November 03, 2026 -- Bristow Group Inc. (NYSE: VTOL) reported third-quarter 2026 net income of $27.7 million, or $0.93 per diluted share, up from $21.2 million, or $0.70 per share, in the preceding quarter. Total revenues rose to $437.9 million from $411.8 million, and Adjusted EBITDA increased to $89.6 million from $79.8 million. The company affirmed the midpoint of its 2026 Adjusted EBITDA guidance.
Supply chain delays depress margins on search and rescue contracts
CEO Chris Bradshaw said persistent industry supply chain problems are delaying aircraft modification programs for Bristow's new search and rescue contracts. The knock-on effects are weighing on margins in Government Services. Bradshaw expects the issues to stabilize during 2027, allowing a return to historically strong margins on these long-term government contracts.