Bristow Group Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

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 and per share amounts):


	Twelve Months Ended December 31, 2024		Twelve Months Ended December 31, 2023		Nine Months Ended December 31, 2022
Income (loss):
Net income (loss) attributable to Bristow Group Inc.	$	94,797	$	(6,780)	$	13,528
Shares of common stock:
Weighted average shares of common stock outstanding – basic	28,515		28,139		28,066
Net effect of dilutive stock	1,037		—		508
Weighted average shares of common stock outstanding – diluted(1)	29,552		28,139		28,574

Earnings (losses) per common share - basic	$	3.32	$	(0.24)	$	0.48
Earnings (losses) per common share - diluted	$	3.21	$	(0.24)	$	0.47

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(1)Excludes weighted average common shares of 28,378 for the twelve months ended December 31, 2024, 1,920,901 for the twelve months ended December 31, 2023 and 1,276,783 for the nine months ended December 31, 2022 for certain share awards as the effect of their inclusion would have been antidilutive.