Bristow Group Q1 Profit Rises; Reaffirms Full Year Adj. EPS Guidance

(RTTNews) - Bristow Group Inc. (BRS) reported first-quarter net income to company of $44.1 million, or $1.23 per share, compared to $26.9 million, or $0.74 per share, a year ago. Adjusted net income was $47.4 million, or $1.32 per share, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.08 for the quarter. Analysts' estimates typically exclude special items.

Operating revenue increased 22% to $437.3 million compared to $359.5 million in the same period a year ago. Gross revenue increased to $472.54 million from $398.99 million. Analysts expected revenue of $451.31 million for the quarter.

The company reaffirmed its adjusted earnings per share guidance for the full fiscal year 2015 of $4.70 to $5.20. Analysts expect the company to report full year earnings per share of $5.05.