Safety & Compliance Systems Coordinator

Bristow's (VTOL) profit nearly doubles while A government problem lingers. Published September 15, 2026 at 2:33 am EDT On August 4, Bristow Group (NYSE:VTOL) reported second-quarter results showing net income of $21.2 million, or $0.70 per diluted share, up sharply from $13.1 million, or $0.44 per share, in the first quarter. Total revenue climbed to $411.8 million from $388.7 million, and adjusted EBITDA jumped to $79.8 million from $59.3 million. The quarter also included the completed acquisition of Berry Aviation, a move that reshapes part of the company's government business. Here is what stands out. A quarter that compounded fast. The clearest story in the report is Offshore Energy Services, which still generates the bulk of Bristow's business. Revenue there rose to $261.6 million from $254.3 million, but the more telling number is operating margin, which expanded to 18% from 14% as repair and maintenance costs and Norwegian personnel costs came down. That kind of margin move on modest revenue growth points to a business getting more efficient rather than just riding higher rates. Bristow also closed its acquisition of Berry Aviation for $105.0 million in cash on July 13, adding special missions work, intelligence and reconnaissance operations, maintenance and repair services, training, unmanned aircraft systems development and on-demand cargo logistics to its Government Services segment. That is a meaningfully broader set of capabilities than the company had before, and management folded in a new business line while still affirming its full-year adjusted EBITDA guidance of $295 million to $325 million, unchanged from before the deal closed. The balance sheet backs up that confidence. Bristow ended the quarter with $312.3 million in unrestricted cash and $371.6 million in total liquidity, and operating cash flow flipped to a positive $41.1 million from negative $8.3 million in the first quarter. The company also declared a quarterly dividend of $0.125 per share on July 30, payable August 28, keeping its capital return program intact. Where the cracks show. Government Services tells a rockier story. Revenue rose to $112.2 million from $107.9 million as new UK search and rescue bases and an Irish Coast Guard base in Waterford ramped up, but the segment swung to an operating loss of $2.1 million from operating income of $0.9 million in the prior quarter. Bristow said penalties tied to aircraft availability, a problem it links to ongoing supply chain challenges, stayed elevated and cost the segment $3.6 million, while personnel and training costs tied to standing up the new bases added several million more. The corporate line also worked against results. Operating loss there widened by $6.6 million largely because the prior quarter had included $7.6 million in gains from selling two heavy helicopters, gains that did not repeat. Below the operating line, the company booked $8.9 million in other expense, driven mostly by $7.7 million in non-cash foreign exchange losses and $1.9 million in pension-related costs, a reminder that currency swings and legacy obligations can still eat into a quarter that otherwise beat the prior one on every headline metric. What the trading data shows. Hedge fund ownership counts slipped to 25 from 27 quarter over quarter, a modest pullback rather than a rush for the exits. Short interest sits at 4.77% of the float, a level that points to limited organized skepticism toward the stock. That combination suggests that investors are still working out how much credit to give the Berry Aviation deal against the ongoing Government Services penalties. The open question ahead. Bristow's current quarter numbers show a company executing well on the pieces it controls, while a structural problem in Government Services keeps showing up in the results. For the growth story to hold, the Berry Aviation integration needs to add capability without adding the kind of transition costs that just hit UKSAR2G and IRCG. For the caution to be warranted, the aircraft availability penalties tied to supply chain challenges need to persist long enough to offset the operating gains showing up everywhere else. Bristow affirmed its full-year guidance, so management is not signaling concern yet, but the segment-level split leaves room for either read to prove out.

Applied Industrial Technologies, a distributor of industrial products and services, is being highlighted as a profitable stock worth watching, with a trailing 12-month operating margin of 11.1%. The company, formerly known as The Ohio Ball Bearing Company, supplies products ranging from power tools to industrial valves across various industries. Meanwhile, two companies are facing headwinds. Petco is struggling with weak same-store sales trends and a high debt-to-EBITDA ratio of 6×, whilst Bristow Group, which operates helicopter transport services for offshore oil and gas platforms, has shown only 6.1% annual revenue growth over the past five years and maintains a low free cash flow margin of 0%.

Compliance Jobs Report: sept. 4. Another brisk Compliance Jobs Report as Radical Compliance head into the Labor Day Weekend! Radical Compliance has new hires at Bristow Group, Ulta Beauty, Morgan Stanley, ABB, and elsewhere; and unfortunately some cutbacks at Uber and Entain. Lots of promotions too, and job leads in market research, higher education, and pharmaceuticals. Radical Compliance gather the Jobs Report news items from LinkedIn, press releases, and wherever else Radical Compliance can find tips - and thank you to everyone who sends them in, you make the Jobs Report possible! If you have any gossip to share (even confidentially) email me at [email protected] or find me on LinkedIn. Compliance Jobs. This week Radical Compliance begin with the Bristow Group, which provides helicopter and other aviation services to the oil & gas industry; it just hired Daniel Elustondo as chief compliance officer. Elustondo joins the Houston-based company after seven years at Shell, where he had been senior legal counsel in the regulatory group. Next is an update on Melissa Clawson, who announced last week that she was stepping down as chief audit executive at restaurant chain Wendy's. Clawson has glammed up with a new gig at Ulta Beauty, where she will be chief audit executive. Envista Holdings Corp., a maker of dental equipment, has hired Matt Silverman as senior director of global trade compliance. Silverman was last seen at Caterpillar, where he was assistant general counsel of compliance until last year. Silverman also does a fair bit of writing and speaking about trade compliance, which probably keeps him quite busy these days. Rebekah Mihm has a new job as head of legal operations, ethics, and ESG at UFP Technologies, a maker of sterile packaging and other medical equipment. Mihm comes to UFP from Harman International, where she had been director of corporate sustainability and ESG until this past spring. Looks like a few folks have been exiting British betting business Entain lately. Karen Nightingale has stepped down as group director of ethics and compliance, a role she held at Entain since 2023. Anandee Chowdhury also separated from the company the other week after two years there; she had been a group ethics and compliance associate. (If anyone wants to leak any other news of Entain restructurings, you can always reach me at [email protected].) James Martinelli has turned up at Morgan Stanley, as an executive director on the Wall Street giant's financial crimes compliance team. Martinelli comes to Morgan Stanley from FinCEN, the U.S. anti-money laundering regulator, where he had been associate director of regulatory and strategic affairs. Aveanna Healthcare has hired Kristi Cuffe as a compliance manager, working from Tampa, Fla. Cuffe joins the Atlanta-based Aveanna after six years at Family First Homecare, most recently as a compliance specialist. Orba Capital, an asset management firm based in New York, has hired Colleen Kilfoyle as chief compliance officer. Kilfoyle comes to Orba after 11 years at Sculptor Capital Management, the last two of them as chief compliance officer. Sumanta Datta has left his job as global head of compliance for analytics firm Wood Mackenzie to join Petroleum Development Oman as a compliance executive. ABB has hired Angel Corbacho as lead investigator for the EMEA region. Corbacho previously worked at cybersecurity firm Cloudflare as senior counsel for legal compliance; he's based in Portugal. Wellspace Health has hired Daniel Goulart as compliance program specialist. Goulart comes to the California-based company after 10 years at Sutter Health, most recently as a privacy and information security consultant. Dana Cook just landed at Boeing Corp. as a senior manager in compliance risk management. Cook comes to Boeing after three years at McKinsey as a "manager of compliance capabilities," but Cook had worked at Boeing for nearly a decade before that in various compliance roles. M&T Bank in Buffalo, N.Y., has hired Victoria Komjathy as a senior specialist in AI governance. Komjathy joins the bank from Capital One, where she had been a senior risk manager since 2024. IBM subsidiary Confluent has hired Marina Kaganovich as global head of product regulatory compliance. Kaganovich comes to Confluent (a cloud services business) from Google, where she had worked in trust and compliance in the office of the CISO there. In Italy, Annette Amato has left Johnson & Johnson, where she had worked on assessment and consulting projects in healthcare compliance; to join orthopedics manufacturer DePuy Synthes as manager of compliance policies, training, and communication. Deepti Bhandari has joined Otis Elevator as director of ethics and compliance for the company's Asia-Pacific region. Bhandari comes to Otis from Abbott, where she had been head of the company's ethics and compliance office in Asia. Jennifer Scalise-Mullett has a new gig at Turbett Surgical, a small medical manufacturing business in upstate New York, as vice president of quality, regulatory, and compliance. Scalise-Mullett was last seen at Boston Pharmaceuticals as vice president of compliance until the end of 2025, when the company was acquired by GSK. Raytheon has hired Jen Zrilska as a compliance manager. Zrilska joins the defense contractor from Dow Jones, where she had been head of due diligence for the Americas region. Andrzej Bełza has been hired at Coloplast as a global trade and sanctions compliance manager, working from the company's offices in Poland. Bełza previously spent five years at Radiometer, where he had been a global trade compliance specialist. The Orix Group, a Japanese financial services conglomerate, has hired Junyeon Park as compliance counsel and global investigations lead. Park comes to Orix from the law firm Herbert Smith Freehills, where she had been counsel for several years. And incidentally, you may have seen news that Uber is cutting 3,000 jobs, or about 10 percent of its global workforce. I've noticed a small but steady stream of risk, compliance, and audit professionals at Uber subsequently announcing on LinkedIn that they've lost their jobs. If your organization is hiring or you can otherwise help out these folks, they're out there. Moving up the ladder. Mastercard has promoted Howard Fields from group head of AML, export control, and sanctions compliance to executive vice president of risk and compliance enterprise solutions. Tanya Rines has moved into a new role at Eli Lilly & Co., going from associate director of global ethics and compliance to associate director of trade sanctions compliance. Option Care Health in Chicago has promoted Ian O'Brien from senior director of compliance for business partners to vice president of the same. Cora Colvin has a new role within the Cencora corporate empire as chief compliance officer at Retina Consultants of America, recently acquired by Cencora. Previously Colvin had been a group compliance officer at Cencora. Brooke Nelson has a new role within Sanofi, as head of ethics and business integrity for global operations. Nelson had previously been vice president of ethics and business integrity for Sanofi's North America operations. She has also relocated from Boston to Paris! Ikea has promoted Michelle Ackerman from senior manager of third-party risk and compliance to operational risk management and compliance manager. The International Federation of Red Cross and Red Crescent Societies has promoted Tristan Lemelle from acting investigations manager to head of investigations. Construction equipment manufacturer CNH has promoted Sarochinee Klinhorm from Asia-Pacific regional head of compliance to regional head of compliance and data protection officer. Shepherd Insurance has promoted Kylie Fields from compliance manager to director of compliance. Brittany Foglia has moved up at U.S. Renal Care from divisional compliance officer to senior divisional compliance officer. And German logistics giant Kuehne+Nagel has promoted Alissa Carneiro from customs and authorizations expert to national customs compliance manager. Vendors & service providers. Joe Hill has left his job at Honeywell as general counsel for trade sanctions and AML compliance, to take up with FTI Consulting as a managing director (presumably advising on the same issues). Open req orders. Ionis Pharmaceuticals is looking for a vice president of compliance. Job is based in Carlsbad, Calif. (just outside San Diego) or can be remote for the right candidate. Salary range is listed at $280,000 to $350,000. Market research firm Circana has two early-career compliance roles open! First is a policy and training analyst job, salary range listed at $90,000 to $105,000. Second is a sustainability analyst job, salary range $85,000 to $100,000. Both jobs can be remote for the right candidate. Dartmouth College is seeking a chief compliance officer. Job is based in Hanover, N.H.; salary range not provided! #NotCool Compliance meme of the week. That's all for this week's report. As always, if you have a tip or want to brag about your new job, promotion, career milestone, or anything else, email me at [email protected] or find me on LinkedIn. I'm always happy to give credit to the many hard-working people here in its corner of the business universe. Posted in News