Bristow Group, Inc. (BRS) Wednesday said its fourth quarter profit decreased to $14.2 million or $0.39 per share from $30.9 million or $0.84 per share in the same period a year ago.
Fourth-quarter profit was negatively affected by an impact of $30.7 million related to aircraft sales activities, including a loss on disposal of assets of $28.6 million and other expenses. Direct costs and general and administrative expenses also increased $31.0 million year-over-year.
Adjusted earnings, which excludes special items and asset disposition effects, was $44.6 million or $1.22 per share, compared to $31.7 million or $0.86 per share last year.
On average, five analysts polled by Thomson Reuters expected the company to earn $1.00 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Operating revenue for the quarter increased 16 percent to $318.7 million from $273.7 million last year. Analysts expected revenues of $326.43 million for the quarter.
Looking ahead to the fiscal year 2013, the company forecast earnings in the range of $3.25 to $3.55 per share. Analysts currently expect the company to earn $4.28 per share for 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.