$BRS (Bristow Group, Inc.)

$BRS {{ '2016-02-09T11:31:03+0000' | timeago}} • Announcement

Helicopter services provider $BRS said it has invested $4.2MM in Sky-Futures, a drone inspection services provider for the oil and gas industry. This investment gives $BRS access to Sky-Futures' UAV operational expertise, data capturing and analysis technology, and training capabilities. $BRS will have one representative on Sky-Futures' board.

$BRS {{ '2017-12-14T13:16:46+0000' | timeago}} • Announcement

$BRS announced the pricing of its underwritten offering of $125MM aggregate principal amount of 4.50% convertible senior notes due 2023. The notes will bear interest at a rate of 4.50% per annum, payable semi-annually on June 1 and Dec 1 of each year, beginning June 1, 2018. The company expects net proceeds from the offering to be $121.4MM.

$BRS {{ '2017-12-12T22:05:22+0000' | timeago}} • Announcement

Aviation services provider $BRS is planning to offer $125MM aggregate principal amount of convertible senior notes due 2023, with an option to purchase up to an additional $18.75MM principal amount of notes to cover over-allotments. The company intends to use a part of the proceeds to repay debt and to pay the cost of its hedge transactions.

$BRS {{ '2017-09-25T12:28:31+0000' | timeago}} • Announcement

$BRS said Bruce Stover and David Gompert will step down from its BoD in March 2018. $BRS appointed Gaurdie Banister Jr. to its BoD, effective Oct. 1, 2017. The board will downsize to 10 directors in March 2018 from its current 11 members. The board is also lowering annual cash fee paid to non-employee directors by 10%, effective Oct. 1, 2017.

$BRS {{ '2017-09-25T12:26:31+0000' | timeago}} • Announcement

$BRS said Bruce Stover will step down from its BoD in March 2018 following eight years of service to the company, including serving as chairman of the compensation committee for four years. Also departing $BRS' board in March 2018 is David Gompert. $BRS appointed Gaurdie Banister Jr. to its BoD, effective Oct. 1, 2017.

$BRS {{ '2017-09-05T15:03:44+0000' | timeago}} • Announcement

$BRS appointed Timothy Knapp to SVP, general counsel, responsible for all legal aspects of the business, corporate compliance and insurance, effective Sept. 26, 2017. Knapp assumes the role from David Searle, who has been serving as interim general counsel since June 2017.

$BRS {{ '2017-08-04T18:24:27+0000' | timeago}} • Announcement

Industry downturn has forced $BRS, an industrial aviation services provider, to suspend its quarterly dividend of $0.07 per share, which will preserve approx. $10MM on an annualized basis.

$BRS {{ '2017-06-09T10:06:07+0000' | timeago}} • Announcement

Alan Corbett has been named VP of $BRS EAMEA operations and will be responsible for commercial development in those areas. Rob Phillips has been named VP Americas. Separately, Chet Akiri, Chief Commercial Officer, and Bill Collins, SVP global operations, have departed the company and their respective positions have been eliminated.

$BRS {{ '2017-05-24T18:54:52+0000' | timeago}} • Webcast

$BRS now sees total operating revenue of $1.3-1.4Bil generating adjusted EBITDA of $15-50MM, with a total rent of about $225-235MM in FY18.

$BRS {{ '2017-05-24T18:46:48+0000' | timeago}} • Webcast

As $BRS posted 4Q17 results, the helicopter transport services company expects offshore E&P to be down again in FY18. Bristow sees increasingly challenging market conditions for the entire offshore OFS sector going forward.

$BRS {{ '2017-05-23T22:25:45+0000' | timeago}} • Announcement

$BRS announced that its Board of Directors approved a $0.07 per share quarterly dividend, payable on June 22, 2017 to stockholders of record on June 7, 2017.

$BRS {{ '2017-05-23T21:12:35+0000' | timeago}} • Announcement

$BRS BoD approved a quarterly dividend of $0.07 per share. The dividend will be payable on June 22, 2017 to stockholders of record at the close of business on June 7, 2017.

$BRS {{ '2017-05-23T21:10:43+0000' | timeago}} • Announcement

$BRS' biggest region, Europe Caspian, 4Q17 operating revenue declined 21.3%, due to the impact of the downturn in the oil and gas industry. Africa revenue rose 0.8% due to temporary operational suspension of the S-76 fleet. Americas revenue fell 20.1%, while Asia Pacific revenue increased 8.2% due to the early cancellation of a contract.

$BRS {{ '2017-05-23T21:05:07+0000' | timeago}} • Announcement

Helicopter transport services company $BRS reported widened 4Q17 loss, hurt by lower operating revenue and margin declines in the oil and gas operations. 4Q17 net loss was $78.04MM or $2.22 loss per diluted share versus net loss of $25.25MM or $0.72 loss per diluted share in 4Q16. Operating revenue fell 13.75% to $323.65MM in the quarter.

$BRS {{ '2017-02-03T14:49:48+0000' | timeago}} • Announcement

$BRS' BoD approved a $0.07 per share quarterly dividend. The dividend will be payable on March 15, 2017 to stockholders of record on March 1, 2017. There were 35.09MM shares of $BRS common stock issued and outstanding as of Jan. 27, 2017.

$BRS {{ '2016-11-14T13:34:53+0000' | timeago}} • Announcement

$BRS and its subsidiaries announced today that it has entered into two seven-year GBP denominated secured equipment financings for an aggregate $200MM equivalent with Lombard, part of The Royal Bank of Scotland. The proceeds from the financings will be used to finance eight search and rescue helicopters.

$BRS {{ '2016-07-06T16:18:55+0000' | timeago}} • Announcement

$BRS said Hilary Ware, SVP and CAO, has left the company for personal reasons, following a brief leave of absence. The company's senior management and BoD are well underway in the reorganization of CAO role and responsibilities. Changes will come by end of August. In meantime, Mary Wersebe will serve in role of acting CAO on interim basis.

$BRS {{ '2016-05-26T19:16:39+0000' | timeago}} • Webcast

$BRS said the company continues to intent to pursue its diversification strategy as well as the const reduction strategy. This includes expanding the company's suite of services, including search and rescue by leveraging the core competencies as new opportunities present themselves.

$BRS {{ '2016-05-26T19:02:34+0000' | timeago}} • Webcast

Industrial aviation services provider $BRS said the company ended 4Q16 with robust liquidity of $360MM, up 20% sequentially, driven by strong operating cash flow of $64MM during the quarter, along with the proceeds of about $30MM from sale leaseback of three AW-139s.

$BRS {{ '2016-05-26T09:19:17+0000' | timeago}} • Announcement

On May 23, 2016, $BRS' BoD approved a dividend of $0.07 per share, or about $2.4MM in total, to be paid on June 29, 2016 to shareholders of record on June 14, 2016.

$BRS {{ '2016-05-26T09:06:15+0000' | timeago}} • Announcement

$BRS' biggest region, Europe Caspian, 4Q16 operating revenue rose 15.3% due to startup of 7 UK SAR bases in FY16. Africa revenue fell 41.9% due to decline in oil and gas activity. Americas revenue fell 23.8% due to decline in US Gulf of Mexico operations and Asia Pacific revenue fell 16% due to decline in Australian oil and gas activity.

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