Bristow Group Inc. (NYSE:VTOL) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET

Company Participants

Red Tilahun - Senior Manager of IR
Chris Bradshaw - President and CEO
Jennifer Whalen - SVP and CFO

Conference Call Participants

Josh Sullivan - The Benchmark Company

Chris Lee - Evercore ISI

Steve Silver - Argus

Patrick Fitzgerald - Baird

Josh Jayne - Daniel Energy Partners

Operator

Good day, everyone, and welcome to Bristow Group Reports Second Quarter 2024 Investor Call. Today's call is being recorded. After the speakers’ remarks, there will be a 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 Tilahun

Thank you, Robbie. Good morning, everyone, and welcome to Bristow Group's second quarter of 2024 earnings call. I'm 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 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'll now turn the call over to our President and CEO. Chris?

Chris Bradshaw

Thank you, Red. I want to begin by thanking all the Bristow team members around the world for their continued focus on safety, our number one core value, and highest operational priority, which resulted in very good safety performance in the second quarter. I also want to thank our global team for their contributions to Bristow's strong financial results in Q2, highlighted by the 50% sequential quarter increase in adjusted EBITDA.

In conjunction with these results, we are pleased to raise the company's for full year 2024 and 2025. This builds on the outlook we shared last quarter, and is aligned with our conviction that we are in the early stages of a multi-year growth cycle.

I will now hand it over to our CFO for a more detailed review of Q2 results and our increased guidance ranges. Jennifer?