Bristow Group, Inc.

Good day, everyone, and welcome to Bristow Group Report's first quarter 2025 earnings call. Today's call is being recorded. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during that time, simply press star followed by the number five on your telephone keypad. At this time, I'd like to turn over the call to Red Tillohan, Senior Manager of Investor Relations and Financial Reporting.

Thank you, Luke. Good morning, everyone, and welcome to Bristow Group's first quarter 2025 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 risks 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, Brist.

Thank you, Red. I will begin with a note on safety, which is Bristow's number one core value and our highest operational priority. The company achieved our target of zero air accidents in Q1 2025. In terms of workplace safety, we experienced fewer recordable injuries and fewer lost work days than the first quarter of 2024, and we are currently on track to achieve the company's workplace safety targets for 2025. I want to thank all the Bristow team members around the world for their continued focus on placing safety first every day. Turning to financial performance and outlook for the company, we are pleased to report very strong first quarter financial results and to affirm Bristow's financial guidance for both 2025 and 2026. We recognize that macroeconomic risks and uncertainty have increased significantly since the beginning of the year, and I want to briefly address the potential impact on Bristow's business. Recently implemented U.S. tariffs on steel and aluminum imports, including some aircraft parts, introduce incremental costs and additional complexities into the industry's already complex supply chain. The new tariff regime has negative implications for repairs and maintenance costs on our U.S.-based aircraft fleet and introduces additional uncertainty for a component delivery timeline. Having said that, in the scope of our overall financial guidance, we do not expect the direct impact of these costs to have a material impact on the company's financial performance. The greater risks relate to concerns about slowing economic activity, which could result in decreased demand for crude oil and natural gas. These demand concerns, combined with an increased supply of crude oil, as OPEC Plus has announced additional supply increases sooner than previously contemplated, have resulted in a significant reduction in the price of oil, which has adverse implications for our customers' spending plans. Despite these adverse developments, we continue to have a positive outlook for Bristow's offshore energy services business. Deepwater projects remain favorably positioned within oil and gas company portfolios, and the attractive full-cycle economic returns from these projects are likely to drive continued investment in offshore activity for the foreseeable future. In summary, we are confident in affirming the company's financial guidance. This belief is further supported by the stability of our government services business, the heavy weighting of our offshore energy services business to production support activities, and the breadth and diversity of the geographic markets we serve. I will now hand it over to our CFO for a more detailed discussion of Q1 financial results and our financial outlook. Jennifer.