The Bristow Group reports strong second quarter FY22-23

The Bristow Group released its financial report for Q2, FY22-23, reporting a strong net income of $16.5 million as compared to $4.0 million in the last quarter. The company reported operating revenue of $299.4 million, showing an increase of $3.3 million compared to Q1 of FY22-23. Bristow Group reported earnings before interest, taxes, depreciation, and amortization (EBITDA) as $42.7 million in Q2 compared to $39.0 million in the preceding quarter. EBITDA adjusted to exclude special items, gains or losses on asset dispositions and foreign exchange gains was $33.9 million in the Q2 compared to $37.1 million in the last quarter. Chris Bradshaw, President, and CEO of Bristow Group,