Latest news with #BridgerAerospace
Yahoo
4 days ago
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Bridger Aerospace Stock Plunges Despite Record Q2 Earnings and Profit
Shares of Bridger Aerospace Group Holdings, Inc. BAER have lost 10.9% since the company reported its earnings for the quarter ended June 30, 2025. This compares unfavorably to the S&P 500 Index's 0.5% gain over the same period. Over the past month, BAER has slipped 2.2%, while the broader market rose 2.1%. BAER's Financial Performance Snapshot Bridger Aerospace delivered its strongest second quarter in company history, with revenue climbing 136.3% year over year to $30.8 million from $13 million. Net income was $0.3 million against a $9.9 million loss a year earlier, and adjusted EBITDA surged to $10.8 million from $0.2 million. Loss per diluted share was $0.12, improving from a loss of $0.33 per share a year earlier. Excluding $5.1 million in revenues from return-to-service work on four Spanish Super Scoopers under its MAB Funding partnership, operational revenue still more than doubled to $25.7 million. The quarter benefited from early and full deployment of the fleet, with both Super Scoopers and surveillance aircraft seeing high utilization. Selling, general and administrative (SG&A) expenses fell 17.4% to $6.5 million from $7.9 million due to lower non-cash stock-based compensation and reduced earnout consideration, while cost of revenues rose 89.5% to $18.7 million from $9.9 million, partly due to $3.9 million in expenses for the Spanish aircraft program. Bridger Aerospace's Other Key Business Metrics Bridger Aerospace achieved 100% fleet deployment in the quarter, marking the earliest call-outs in its history. Two separate 120-day task orders for Super Scoopers from the U.S. Forest Service ensure deployment through mid-October, supporting the company's strategy for year-round revenue. Additionally, BAER dropped 4 million gallons of water across multiple states during the season to date. Cash and cash equivalents stood at $17 million at quarter-end, down from $39.3 million at the end of 2024, largely due to winter maintenance and training expenses. However, $18.3 million in receivables from early fire season activity is expected to boost cash in the coming months. Bridger Aerospace Group Holdings, Inc. Price, Consensus and EPS Surprise Bridger Aerospace Group Holdings, Inc. price-consensus-eps-surprise-chart | Bridger Aerospace Group Holdings, Inc. Quote BAER's Management Commentary CEO Sam Davis credited the performance to early deployments, expanded contracts, and the increasing recognition of the Super Scooper's effectiveness in initial attack operations. Davis noted that all six scoopers operated together in Alaska for the first time under U.S. Forest Service task orders. Management also highlighted ongoing integration of its Ignis Technologies platform with real-time sensor imagery to improve situational awareness for firefighters, and progress on the development of the FF72 firefighting aircraft in partnership with Positive Aviation, targeting a 2029 delivery. Factors Influencing Bridger Aerospace's Headline Numbers Bridger Aerospace's revenue surge was driven by significantly higher activity levels compared to 2024, aided by favorable wildfire conditions, expanded contracts and earlier deployments. While operational gains were strong, higher maintenance costs associated with the return-to-service program for the Spanish Scoopers weighed on margins. Lower SG&A helped offset these pressures, reflecting disciplined cost control. Interest expense remained relatively stable at $5.7 million. The shift to net profitability was primarily attributed to increased fleet utilization and operational leverage. BAER's Guidance Bridger Aerospace reaffirmed expectations to close 2025 at the higher end of its guidance — adjusted EBITDA between $42 million and $48 million on revenue of $105 million to $111 million. Guidance excludes potential contributions from the Spanish Scoopers. Management also anticipates continued improvement in cash flow from operating activities and plans to revisit forecasts after third-quarter results, historically the strongest period due to peak wildfire activity. Bridger Aerospace's Other Developments During the quarter, BAER signed a $46 million sale-leaseback agreement for its Bozeman, MT, campus and hangar facilities, with closing expected in third-quarter 2025. Proceeds will be used to reduce debt and interest expenses while retaining operational use under a 10-year lease. The return-to-service work on the four Spanish Scoopers remains on schedule, with two already certified and potential deployment in Europe under consideration. The remaining two are slated for completion later in 2025 and early 2026. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bridger Aerospace Group Holdings, Inc. (BAER): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
01-08-2025
- Business
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Bridger Aerospace Announces Schedule for its Second Quarter 2025 Earnings Release and Conference Call
Announces Participation in Upcoming Canaccord Conference BELGRADE, Mont., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. ('Bridger' or 'Bridger Aerospace'), (NASDAQ: BAER, BAERW), one of the nation's largest aerial firefighting companies, today announced that it will release financial results for the second quarter ended June 30, 2025 on Thursday, August 7, 2025, after the market close. Management will conduct an investor conference call on Thursday, August 7 at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time) to discuss these results and the business outlook. Interested parties can access the conference call by dialing 833-316-1983 or 785-838-9310. The conference call will also be broadcast live on the Investor Relations section of our website at An audio replay will be available through August 14, 2025, by calling 844-512-2921 or 412-317-6671 and using the passcode 11159552. The replay will also be accessible at Upcoming Canaccord Conference The Company also announced that management is scheduled to participate in the Canaccord Genuity Annual Growth Conference on August 12th in Boston. Management is scheduled to present at 9:00 a.m. Eastern Time. A live and archived webcast of the fireside chat will be accessible from the Investors section of the Bridger Aerospace website at Investors interested in participating should contact Bridger Aerospace Investor Relations or their Canaccord representative. About Bridger Aerospace Based in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nation's largest aerial firefighting companies. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation, as well as internationally. More information about Bridger Aerospace is available at Investor Contacts Alison Ziegler Darrow Associates 201-220-2678 aziegler@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-06-2025
- Business
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GOP senator lists Montana estate for over $10 million
Sen. Tim Sheehy (R-Mont.) is selling his Montana mansion on Flathead Lake for $10.25 million. According to the listing agent Connery & Co., the property has 7 acres with 2,400 feet of protected shoreline. It's also comprised of the holy trinity for hosting — a main house, a guest house and a guest cabin. The Sheehys bought the property called Bird Point in 2022. Bryce Connery, the listing agent, told the Wall Street Journal that the Sheehys originally intended to use the house for family reunions, as a retreat for wounded veterans and children with special needs. Sheehy attended the U.S. Naval Academy in 2008. There, he met his wife Carmen, who served as a U.S. Marine Corps Officer. He was then deployed as a Navy SEAL in Iran, Afghanistan, South America and the Pacific region. He was honorably discharged in 2019. During and after his time in the military, he also ventured into business. In 2014, Sheehy founded Bridger Aerospace which now has become a multi-million-dollar company, a major employer in Montana and is one of the few publicly traded companies in the state. He also founded a sister company Ascent Vision Technologies, which was sold to CACI for $350 million in 2020. He also owns a working cattle ranch and cattle feeder company, called Little Belt Cattle Company and Yellowstone Cattle Feeders. He is also a firefighter pilot and helped combat wildfires in the West. Tim was elected as Senator in November 2024, defeating incumbent Sen. Jon Tester, flipping the state from liberal to conservative. He was endorsed by then-candidate President Trump. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-05-2025
- Business
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Canaccord Genuity Hikes Bridger Aerospace (BAER) Price Target on New Financial Strategy
Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)'s bid to reduce its outstanding debt and bolster financial standing has caught the attention of analysts on Wall Street. On May 27, Canaccord Genuity analysts increased the stock's price target to $5.25 from $5 while maintaining a Buy rating. The revised target reflects substantial growth potential from the current price of $1.37. A shot of a prototype aircraft taking to the skies, the symbol of the companies innovation in aerospace & defense. The Buy rating comes on the company inking an agreement to sell and lease back its headquarters at the Bozeman Yellowstone International Airport. The $46 million the company will generate from the sale will help reduce the $202 million outstanding debt. The sale and debt settlement is part of Bridger Aerospace's financial management strategy. The transaction is also expected to lead to cash savings for the business. Bridger Aerospace expects net cash savings of about $1 million. That's partly because the annual interest expense stands at $4.5 million compared to a new yearly rent of $3.5 million on leasing the property. The bullish stance also comes on Bridger Aerospace delivering robust sales growth in Q1 2025. Revenue in the quarter was up 184% year-over-year to $15.6 million. The company has secured a $20.1 million five-year contract with the US Department of Interior. Consequently, it expects its full-year revenue to range between $105 million and $111 million. Bridger Aerospace Group Holdings, Inc. specializes in aerial wildfire surveillance, suppression, and relief across the U.S. It operates Viking CL-415EAF (Super Scooper) aircraft for rapid water drops and Air Attack planes for real-time fire intelligence and coordination. The company also provides maintenance, repair, and overhaul (MRO) services, offering upgrades and modifications for Spanish scoopers and other aircraft used in firefighting efforts. While we acknowledge the potential of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAER and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
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Bridger Aerospace Announces Signing of Sale Leaseback Transaction for its Headquarters Campus; Strengthening Balance Sheet and Reducing Annual Interest Expense
BELGRADE, Mont., May 27, 2025 (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 that it has signed a Purchase and Sale Agreement for a sale leaseback transaction for its Bozeman Yellowstone International Airport campus facilities in Belgrade, Montana, with an aggregate purchase price of at least $46 million. The net proceeds from the transaction will be used to repay a portion of the outstanding balance under the Company's debt facilities, lowering ongoing cash interest. The transaction is expected to close in the third quarter of 2025 and is subject to customary closing conditions. Concurrent with the closing of the transaction, Bridger will enter into a ten-year lease agreement with SR Aviation Infrastructure ('SRAI'), the Purchaser, for the hangar and office headquarter facilities, which the Company will continue to utilize as a base for its world class aerial firefighting operations. SRAI, an affiliate of SomeraRoad, is an investment platform focused on the acquisition, development, and leasing of aviation-related real estate. It includes airplane hangar space for corporate users, based aircraft, FBOs, MROs, flight schools, charter, and management companies across the United States. The platform addresses the existing supply and demand imbalance in the aviation-related real estate sector. The current portfolio additionally includes Quail Air Center in Las Vegas, Nevada; and the San Antonio International Airport private hangar complex in San Antonio, Texas. 'We are thrilled to have secured this agreement with SRAI to capitalize on the appreciated value of our real estate portfolio and materially reduce the Company's debt balance,' commented Sam Davis, Bridger's Chief Executive Officer. 'Bridger remains committed to the Bozeman area by entering a 10-year lease-back and the sale of our state-of-the-art facilities to a real estate investment firm will enable us to continue to grow and further enhance shareholder value.' About Bridger Aerospace Based in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nation's largest aerial firefighting companies. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation, as well as internationally. More information about Bridger Aerospace is available at Investor ContactsAlison ZieglerDarrow Associates201-220-2678aziegler@ Forward-Looking Statements Certain statements included in this press release are not historical facts but are forward-looking statements, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as 'believe,' 'may,' 'will,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'should,' 'would,' 'plan,' 'project,' 'forecast,' 'predict,' 'poised,' 'positioned,' 'potential,' 'seem,' 'seek,' 'future,' 'outlook,' 'target,' and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) the anticipated benefits from Bridger's proposed sale leaseback transaction; (2) Bridger's business and growth plans; (3) Bridger's future financial performance; (4) current and future demand for aerial firefighting services, including trends and/or changes in the duration or severity of any domestic or international wildfire seasons; and (5) anticipated investments in additional aircraft, capital resources, and research and development and the effect of these investments. These statements are based on various assumptions and estimates, whether or not identified in this press release, and on the current expectations of Bridger's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Bridger. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to: the ability of Bridger to successfully close the sale leaseback transaction; Bridger's ability to identify and effectively implement any current or future anticipated cost reductions, including any resulting impacts to Bridger's business and operations therefrom; the duration or severity of any domestic or international wildfire seasons; changes in domestic and foreign business, market, financial, political and legal conditions; Bridger's failure to realize the anticipated benefits of any acquisitions; Bridger's successful integration of any aircraft (including achievement of synergies and cost reductions); Bridger's ability to successfully and timely develop, sell and expand its services, and otherwise implement its growth strategy; risks relating to Bridger's operations and business, including information technology and cybersecurity risks, loss of requisite licenses, flight safety risks, loss of key customers and deterioration in relationships between Bridger and its employees; risks related to increased competition; risks relating to potential disruption of current plans, operations and infrastructure of Bridger, including as a result of the consummation of any acquisition; risks that Bridger is unable to secure or protect its intellectual property; risks that Bridger experiences difficulties managing its growth and expanding operations; Bridger's ability to compete with existing or new companies that could cause downward pressure on prices, fewer customer orders, reduced margins, the inability to take advantage of new business opportunities, and the loss of market share; the ability to successfully select, execute or integrate future acquisitions into Bridger's business, which could result in material adverse effects to operations and financial conditions; and those factors discussed in the sections entitled 'Risk Factors' and 'Cautionary Statement Regarding Forward-Looking Statements' included in Bridger's Annual Report filed with the U.S. Securities and Exchange Commission (the 'SEC') on March 14, 2025 for the fiscal year ended December 31, 2024 and in subsequent filings made by Bridger with the SEC from time to time. If any of these risks materialize or Bridger management's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The risks and uncertainties above are not exhaustive, and there may be additional risks that Bridger presently does not know or that Bridger currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Bridger's expectations, plans or forecasts of future events and views as of the date of this press release. Bridger anticipates that subsequent events and developments will cause Bridger's assessments to change. However, while Bridger may elect to update these forward-looking statements at some point in the future, Bridger specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Bridger's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements contained in this press release.
