Bristow Group Inc. (NYSE:VTOL) Q3 2023 Results Conference Call March 9, 2023 10:00 AM ET
Company Participants
Red Tilahun - IR
Chris Bradshaw - CEO
Jennifer Whalen - CFO
Conference Call Participants
Chris Lee - Evercore ISI
Josh Sullivan - Benchmark Company
Steve Silver - Argus Research
Operator
Good day, everyone, and welcome to the December Quarter 2022. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note this call may be recorded.
It is now my pleasure to turn the call over to Red Tilahun. Please go ahead.
Red Tilahun
Thank you, Nicky. Good morning, everyone, and welcome to Bristow Group's December quarter and 2022 earnings call. I am joined on the call today with our President and Chief Executive Officer, Chris Bradshaw; and Senior Vice President and Chief Financial Officer, Jennifer Whalen.
Before we begin, I'd like to take this opportunity to remind everyone that during the course of this call, management may make forward-looking statements that are subject to risks and uncertainties that are described in more detail on Slide 3 of our investor presentation. You may act to our investor presentation on our website. We will also reference certain non-GAAP financial measures such as EBITDA and free cash flow. A reconciliation of such measures to GAAP is included in the earnings release and our investor presentation.
I will now turn the call over to our President and CEO. Chris?
Chris Bradshaw
Thank you, Red, and welcome to the call, everyone. As always, I will begin our prepared remarks with a note on safety, which is Bristow's most important core value and our highest operational priority. The Company once again achieved very good safety performance in the December quarter and calendar 2022.
Over the recent quarters, the total number of lost workdays has decreased by more than 50%. I want to thank and commend all of our Bristow team members around the world for their continued dedication to our mission and Bristow's Target Zero Safety culture. Thank you.
Turning now to recent operational highlights. During the fourth quarter, Bristow successfully launched operations on new government contracts to provide search and rescue helicopter services for the Netherlands, and separately for the Dutch Caribbean Coast Guard.
The Netherlands work is a 10-year contract, delivering critical SAR operations, utilizing AW189 helicopters at the Den Helder and Midden-Zeeland Airport on behalf of the Netherlands post park.