Supply chain issues have had an adverse impact on Bristow’s normally strong Government Services Business Photo: Bristow
Bristow Group have recorded an adjusted earnings before interest taxation depreciation and amortisation (Adj EBITDA) of USD89.6 million on revenues of USD437.9m in the third quarter this compares with USD79.8m and USD411m in the second quarter.
“We are pleased to announce strong financial results for the third quarter and to reaffirm the midpoint for Bristow’s full-year 2026 Adjusted EBITDA guidance,” said Chris Bradshaw, President and CEO of Bristow Group. “The business is performing well despite significant, adverse impacts from persistent industry supply chain challenges. While we are experiencing these challenges across Bristow’s business, the most acute impacts can be seen in delayed aircraft modification programs for the Company’s new search and rescue contracts. These delays, and their associated knock-on effects, are depressing current margins in Bristow’s Government Services business. We expect these supply chain issues to stabilise during 2027, facilitating a return to historically strong margins on these long-term government contracts. Meanwhile, the balance of Bristow’s portfolio is performing well, and we maintain a very positive outlook for the business. Bristow Special Missions, formerly known as Berry Aviation, has contributed strong financial results since the acquisition closed in July, and we expect this growth to accelerate in the fourth quarter and full-year 2027. Bristow’s Offshore Energy Services business has continued to demonstrate robust profitability, and we believe positive offshore energy fundamentals and the tight supply of relevant offshore helicopters combine for more favorable industry conditions than we’ve seen in more than a dozen years. Through the first nine months of 2026”.
