Bristow Group, Inc.

Good day, everyone, and welcome to Bristow Group Reports' fourth quarter and full year 2024 earnings call. Today's call is being recorded. After the prepared 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 Rud Tilchen. Senior Manager of Investor Relations and Financial Reporting.

Thank you, Angela. Good morning, everyone, and welcome to Bristow Group's fourth quarter and full year 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 and our investor presentation. I'll now turn the call over to our President and CEO.

Chris? Thank you, Red. I want to thank all the Bristow team members around the world for their continued focus on safety, which is Bristow's number one core value and our highest operational priority. In terms of workplace safety, the company delivered a 32% decrease in lost workdays in 2024 compared to the prior year, which represents a significant HSE performance improvement. With respect to aviation safety, as a reminder, we experienced a tragic air accident during a search and rescue training exercise offshore Norway on February 28, 2024, with six crew members on board. While five crew members were rescued, we tragically experienced one fatality as a result of the accident, and we will carry this loss with us always. The investigation process is ongoing, and we will refer you to the preliminary reports published by the authorities in Norway. We continue to fully cooperate in the investigation process. We do not have any other material updates at this time. While always a difficult transition to make, I will now turn our comments to the company's operational and financial performance. We are pleased to report very strong fourth quarter financial results. which exceeded the upwardly revised outlook range for Q4 and full year 2024. This outperformance was driven by strong growth in our offshore energy services business, where industry fundamentals remain positive, and we continue to believe that we are in the midst of a multi-year upcycle. In our government services business, we are focused on the ongoing launch of SAR services for the Irish Coast Guard, and the transition of operations to the UK SAR2G contract in the United Kingdom. Those are large and complex projects with extended transition timelines running through the second half of 2025 in Ireland and through the end of 2026 for UK SAR2G. While we are facing challenges along the way with unexpected regulatory and supply chain delays, Our commitment to delivering successful outcomes for the governments and communities we serve remains unwavering. I will now hand it over to our CFO for a more detailed discussion of financial results and guidance. Jennifer?