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

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

The Company’s basic earnings 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 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 June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Income:
Net income attributable to Bristow Group Inc.	$	31,748	$	28,157	$	59,107	$	34,762
Shares of common stock:
Weighted average shares of common stock outstanding – basic	28,824		28,476		28,746		28,404
Net effect of dilutive stock	964		986		1,080		930
Weighted average shares of common stock outstanding – diluted(1)	29,788		29,462		29,826		29,334

Earnings per common share - basic	$	1.10	$	0.99	$	2.06	$	1.22
Earnings per common share - diluted	$	1.07	$	0.96	$	1.98	$	1.19

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(1)Excludes weighted average shares of common stock of 440,831 and 34,265 for the three months ended June 30, 2025 and 2024, respectively, and 301,988 and 150,114 for the six months ended June 30, 2025 and 2024, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.