Net income for the quarter reached $21.2 million, or $0.70 per diluted share, up from $13.1 million, or $0.44 per diluted share, in the first quarter of 2026. Adjusted EBITDA rose to $79.8 million, compared to $59.3 million in the prior period. CEO Chris Bradshaw confirmed the company's full-year 2026 Adjusted EBITDA outlook of $295 million to $325 million, citing the resilience of its diversified business model despite ongoing supply chain constraints and macroeconomic volatility.
In section Releases
Bristow Group Reports Revenue Growth and Berry Aviation Acquisition
Bristow Group posted $411.8 million in revenue for the second quarter of 2026, a notable increase from the $388.7 million recorded in the preceding quarter. The aviation services firm also finalized its $105 million acquisition of Berry Aviation, a move designed to bolster its government and defense-related mission capabilities.
The Offshore Energy Services segment served as a primary revenue driver, contributing $261.6 million to the quarterly total. While revenues in this sector grew, the Government Services segment faced challenges, reporting an operating loss of $2.1 million compared to an operating income of $0.9 million in the previous quarter. Management attributed this dip to increased personnel costs and contract transition expenses, alongside penalties related to aircraft availability. The integration of Berry Aviation is expected to provide a more balanced portfolio by adding special mission capabilities and intelligence, surveillance, and reconnaissance services to the company’s existing government offerings.
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