Bristow Provides Higher FY24 Outlook
Portfolio Pulse from Lekha Gupta
Bristow Group Inc (NYSE: VTOL) provided higher FY24 financial guidance, expecting operating revenues of $1.295 billion - $1.465 billion (+10% vs. 2023 guidance) and adjusted EBITDA of $190 million-$220 million (+25% vs. 2023 outlook). The company's 2023 guidance remains unchanged.
June 21, 2023 | 9:34 am
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Bristow Group Inc (VTOL) provided higher FY24 financial guidance, expecting operating revenues of $1.295 billion - $1.465 billion (+10% vs. 2023 guidance) and adjusted EBITDA of $190 million-$220 million (+25% vs. 2023 outlook).
Bristow Group Inc (VTOL) provided higher FY24 financial guidance, which is a positive signal for investors. The company expects a 10% increase in operating revenues and a 25% increase in adjusted EBITDA compared to 2023 guidance. This news is likely to have a positive short-term impact on VTOL's stock price as it indicates the company's growth and improved financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100