Bristow Group: Shareholder Capital Returns Coming Into Sight, Buy
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Bristow Group reported mixed Q3/2024 results with higher operating expenses impacting profitability and revenues slightly below expectations. However, cash flow from operations reached multi-year highs, and management raised full-year expectations. Capital returns to shareholders are anticipated in the second half of next year.
November 26, 2024 | 2:30 am
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Bristow Group's Q3/2024 results were mixed, with profitability impacted by higher expenses and revenues slightly below expectations. However, cash flow from operations reached multi-year highs, and management raised full-year expectations. Capital returns to shareholders are anticipated in the second half of next year.
Despite mixed earnings with higher expenses and slightly lower revenues, Bristow Group's strong cash flow and raised full-year expectations are positive indicators. The anticipation of capital returns to shareholders next year suggests a positive outlook, likely boosting investor sentiment and stock price in the short term.
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