Bristow Group Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

The Company’s basic earnings (losses) per common share are computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding during the relevant period. Diluted earnings (losses) per common share of the Company are computed by dividing income available to common stockholders by the weighted average number of common shares issued and outstanding, inclusive of the effect of potentially dilutive securities (such as options to purchase common shares and restricted stock units and awards which were outstanding during the period but were anti-dilutive) through the application of the treasury method and/or the if-converted method, when applicable. The following table shows the computation of basic and diluted earnings per share (in thousands, except per share amounts):


	Three Months Ended March 31,
	2025		2024
Income:
Net income attributable to Bristow Group Inc.	$	27,359	$	6,605
Shares of common stock:
Weighted average shares of common stock outstanding – basic	28,667		28,332
Net effect of dilutive stock	1,200		907
Weighted average shares of common stock outstanding – diluted(1)	29,867		29,239

Earnings per common share - basic	$	0.95	$	0.23
Earnings per common share - diluted	$	0.92	$	0.23

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(1)Excludes weighted average shares of common stock of 42,511 and 111,233 for the three months ended March 31, 2025 and 2024, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.