Bristow Group Reports Q3 2026 Revenue Growth Driven by Special Mission Acquisition
Bristow Group (VTOL) reported third-quarter 2026 revenues of $437.9 million, a $26.1 million increase over the previous quarter. This growth was primarily driven by the acquisition of Bristow Special Mission (formerly Berry Aviation), which contributed $16.9 million to government services revenue. The company also saw improved operational efficiency and higher utilization in the Americas, resulting in net income of $27.7 million or $0.93 per diluted share. Despite strong top-line growth, the company faces headwinds from persistent supply chain disruptions, noting a 20% decline in on-time deliveries from original equipment manufacturers since 2020. These delays have increased inventory levels and maintenance costs, particularly affecting aircraft modification programs. However, the Offshore Energy Services segment showed margin expansion to 27%, supported by an expected $110 billion in offshore project final investment decisions (FIDs) for the year.
Topics: acquisition impact EBITDA guidance net income revenue growth share repurchases