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Bristow Group, Inc.
11/6/2024
Good day, everyone, and welcome to Bristow Group Reports third quarter 2024 earnings 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 third 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 risk and uncertainties, that are described in more detail on slide three of our investor presentation. You may access the 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 the investor presentation. I'll now turn the call over to our President and CEO.
Chris? Thank you, Red. And thanks, everyone, for joining the call on an otherwise slow news day. I want to thank all the Bristow team members around the world for their continued focus on safety, which resulted in very good performance in the third quarter. As always, safety remains Bristow's number one core value and our highest operational priority. In conjunction with the company's strong Q3 financial results, we are pleased to raise Bristow's adjusted EBITDA guidance for full year 2024 to $220 to $230 million. Positive demand trends, coupled with a tight supply of offshore helicopters, support good visibility for significant improvements in the company's margins, free cash flow, and capital returns. I will now hand it over to our CFO for a more detailed review of Q3 results. Jennifer?
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