Rotorcraft
Bristow CEO Reports Slow Ascent in Revenue
Helicopter services company Bristow Group quadruples net income on modest revenue gains.
Bristow Group CEO Chris Bradshaw said the previous quarter's results represented an upward trend for the company reflective of an improving environment for the offshore helicopter market. (Photo: Bristow Group)
Bristow Group CEO Chris Bradshaw said the previous quarter's results represented an upward trend for the company reflective of an improving environment for the offshore helicopter market. (Photo: Bristow Group)

Helicopter services company Bristow Group quadrupled fiscal second-quarter net income compared to the previous quarter while posting modest revenue gains. In the quarter, Bristow reported $307.3 million in revenues, up $5.6 million from the previous quarter, while net income quadrupled to $16.5 million. Much of the increase can be traced to lower income taxes, which dropped by $8 million quarter-over-quarter, and a net gain of $3.4 million from disposal of three aircraft. 


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