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Bristow Group, Inc.
11/4/2020
Good day, and welcome to the Bristow Group Reports Fiscal Quarter 2, 2021 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Senior Vice President, General Counsel, Crystal Gordon. Please go ahead, ma'am.
Thank you, Connor, and good morning, everyone. Welcome to Bristow Group's second quarter fiscal year 2021 earnings call. I'm joined on the phone today with our President and Chief Executive Officer, Chris Bradshaw. and Senior Vice President, Chief Financial Officer, Jennifer Whalen. Let me remind everyone during the call, management may make forward-looking statements that are subject to risk and certainties 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. The reconciliation of such measures to GAAP is included in the earnings relief and investor slides. I'll now turn the call over to our President and CEO, Chris.
Thank you, Crystal, 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. Despite the numerous potential distractions, we have achieved our target of zero air accidents thus far in FY21. I want to thank all of our Bristow team members for their continued devotion to place safety first. We remain committed to achieving the highest safety standards to ensure that all of our customers and employees return home safely every day. On the financial front, Bristow generated a substantial amount of free cash flow in Q2, which further increased our robust cash balance to more than $300 million. with total liquidity of almost $360 million at quarter end. The company's financial strength facilitated the return of capital to shareholders as we repurchased approximately 1% of the previously outstanding shares at an average price of $21.93 per share in the month of September. I will now turn it over to our CFO for a more detailed review of financial results. Jennifer.
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