Bristow Group, Inc. (VTOL) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 th...