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Bristow Group, Inc.
8/7/2024
Good day, everyone, and welcome to Bristow Group Report's second quarter 2024 investor call. Today's call is being recorded. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press star followed by the number five on your telephone keypad. At this time, I would like to turn the call over to Red Tillohan, Senior Manager of Investor Relations and Financial Reporting.
Thank you, Robbie. Good morning, everyone, and welcome to Bristow Group's second quarter of 2024 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 of our investor presentation. I will now turn the call over to our President and CEO. Chris?
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 financial guidance 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.
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