On May 15, David F Stepanek, Executive Vice President at Bristow Group (NYSE:VTOL) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: Stepanek’s recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, involves purchasing 9,726 shares of Bristow Group. The total transaction value is $330,684.
In the Wednesday’s morning session, Bristow Group’s shares are currently trading at $36.01, experiencing a up of 0.45%.
Unveiling the Story Behind Bristow Group
Bristow Group Inc is the provider of vertical flight solutions. It provides aviation services to a broad base of integrated, national, and independent energy companies. The company provides commercial search and rescue (SAR) services in multiple countries and public sector SAR services in the United Kingdom on behalf of the Maritime & Coastguard Agency (MCA). Additionally, it offers fixed-wing transportation and other aviation-related solutions. Its energy customers charter its helicopters to transport personnel to, from, and between onshore bases and offshore production platforms, drilling rigs, and other installations. It has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K. and the United States.
Financial Milestones: Bristow Group’s Journey
Revenue Growth: Over the 3 months period, Bristow Group showcased positive performance, achieving a revenue growth rate of 11.61% as of 31 March, 2024. This reflects a substantial increase in the company’s top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Interpreting Earnings Metrics:
Gross Margin: With a high gross margin of 58.93%, the company demonstrates effective cost control and strong profitability relative to its peers.
Earnings per Share (EPS): With an EPS below industry norms, Bristow Group exhibits below-average bottom-line performance with a current EPS of 0.23.
Debt Management: Bristow Group’s debt-to-equity ratio is below the industry average. With a ratio of 1.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by…
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