Bristow Group Q1 Profit Tops View - Quick Facts

(RTTNews) - Bristow Group Inc. (BRS) reported net income attributable to the company for the first quarter of $26.9 million or $0.74 per share, compared to $23.7 million or $0.65 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest first quarter was $36.5 million or $1.00 per share, up from $29.6 million or $0.81 per share in the prior year quarter. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.96 per share. Analysts' estimates typically exclude special items.

Operating revenue for the first quarter rose 12% to $398.99 million from $362.61 million a year ago, while six analysts expected revenue of $387.62 million for the first quarter.

Looking forward, the company is reaffirming its adjusted earnings guidance for fiscal year 2014 of $4.20 to $4.50 per share. Analysts currently expect the company to earn $4.43 per share for the fiscal year 2014.

On August 1, 2013, the company's Board of Directors approved a quarterly dividend of $0.25 per share, payable on September 13, 2013 to shareholders of record on August 30, 2013.