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, 2026

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 March 31,
	2026		2025
Income:
Net income attributable to Bristow Group Inc.	$	13,106	$	27,359
Shares of common stock:
Weighted average shares of common stock outstanding – basic	29,254		28,667
Net effect of dilutive stock	808		1,200
Weighted average shares of common stock outstanding – diluted(1)	30,062		29,867

Earnings per common share - basic	$	0.45	$	0.95
Earnings per common share - diluted	$	0.44	$	0.92

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(1)Excludes weighted average shares of common stock of 107,734 and 42,511 for the three months ended March 31, 2026 and 2025, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.