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Bristow Group Inc (VTOL) Q1 2022 Earnings Call Transcript

Bristow Group Inc (VTOL) Q1 2022 Earnings Call Transcript
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Bristow Group Reports First Quarter Fiscal Year 2022 Results

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Since the commencement of the Board-authorized stock repurchase plan in September 2020, Bristow has repurchased approximately 1.9 million shares for gross consideration of $50 million, representing an average repurchase price of $25.92 per share, said Chris Bradshaw, President and Chief Executive Officer of Bristow. We continue to believe that Bristow s strong balance sheet and robust free cash flow generation provide multiple avenues to create value for shareholders.
Sequential Quarter Results
Operating revenues in the current quarter were $6.8 million higher compared to the preceding quarter.
Operating revenues from oil and gas services were $4.0 million higher primarily due to higher utilization in the Europe region. Operating revenues from government services were $3.4 million higher primarily due to increased flight hours and the strengthening of the British pound sterling relative to the U.S. dollar. Operating revenues from fixed wing services wer ....

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