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

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Income:
Net income attributable to Bristow Group Inc.	$	51,544	$	28,242	$	110,651	$	63,004
Shares of common stock:
Weighted average shares of common stock outstanding – basic	28,867		28,620		28,787		28,477
Net effect of dilutive stock	1,065		1,099		1,071		998
Weighted average shares of common stock outstanding – diluted(1)	29,932		29,719		29,858		29,475

Earnings per common share - basic	$	1.79	$	0.99	$	3.84	$	2.21
Earnings per common share - diluted	$	1.72	$	0.95	$	3.71	$	2.14

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(1)Excludes weighted average shares of common stock of 70,529 and 20,000 for the three months ended September 30, 2025 and 2024, respectively, and 59,828 and 20,000 for the nine months ended September 30, 2025 and 2024, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.