Bristow Group Inc. (NYSE:VTOL) Q3 2023 Earnings Call November 2, 2023 10:00 AM ET

Company Participants

Red Tilahun - Investor Relations

Christopher Bradshaw - President and Chief Executive Officer

Jennifer Whalen - Senior Vice President and Chief Financial Officer

Conference Call Participants

Josh Sullivan - The Benchmark Company

Eddie Kim - Barclays

Savi Syth - Raymond James

David Smith - Pickering Energy Partners

Chris Lee - Evercore ISI

Steve Silver - Argus Research

Edison Yu - Deutsche Bank

Operator

Good day, everyone, and welcome to today's Bristow Group Reports Third Quarter of 2023 Earnings Call. Today's call is being recorded. 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]

At this time, I would like to turn the call over to Red Tilahun, Senior Manager of Investor Relations and Financial Reporting. Red?

Red Tilahun

Thank you, Dan. Good morning, everyone, and welcome to Bristow Group's third quarter of 2023 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 three of our investor presentation. You may access 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?

Christopher 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 number one core value and our highest operational priority.

The company has achieved our target of zero air accidents through the first 10 months of 2023. With respect to workplace safety, we are pleased that our total recordable incident rate has declined and we have experienced fewer incidents resulting in loss work times. While this represents excellent safety performance year-to-date, we of course, understand that our safety record must be earned anew each and every day. I want to thank and commend all our team members around the world for their continued dedication to Bristow's target zero safety culture.