Bridger Aerospace Announces Record Third Quarter 2024 Results; Raises Revenue Guidance and Narrows Adjusted EBITDA Estimates
Bridger Aerospace Group Holdings, Inc. (BAER)
Company Research
Source: GlobeNewswire
BELGRADE, Mont., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported record results for the third quarter ended September 30, 2024, raising its 2024 revenue guidance and narrowing its Adjusted EBITDA guidance. Highlights: Achieved record quarterly revenue, net income, and Adjusted EBITDA of $64.5 million, $27.3 million and $47.0 million, respectively, in the third quarter of 2024, representing growth over the third quarter of 2023 of approximately 20%, 56% and 21%, respectively.The Company expects to generate positive free cash flow for 2024Bridger’s Super Scooper fleet experienced its highest level of utilization during the third quarter with multiple Super Scoopers flying into NovemberRecently acquired FMS Aerospace (“FMS”) contributed $1.6 million of revenue in the third quarter and is pursuing new business oppo
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- Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) had its price target raised by analysts at Canaccord Genuity Group Inc. from $5.25 to $5.75. They now have a "buy" rating on the stock.MarketBeat
- Bridger Aerospace Announces Schedule for its Third Quarter 2024 Earnings Release and Conference CallGlobeNewswire
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Analyst Actions
- 11/13/24 - Canaccord Genuity