BrightView Holdings, Inc. - BV STOCK NEWS

BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, has announced its participation in the upcoming CJS Securities 25th Annual New Ideas for the New Year Conference. The virtual event is scheduled for Tuesday, January 14, 2025, at 2:20 p.m. ET.

Key management team members participating include Dale Asplund, President and Chief Executive Officer, and Brett Urban, Executive Vice President and Chief Financial Officer. During the conference, management will reference the investor presentation available on BrightView's investor website at investor.brightview.com.

BrightView Holdings (NYSE: BV), the leading U.S. commercial landscaping services company, has declared a $9.0 million cash dividend on its Series A Preferred Stock. The dividend covers the period from September 30, 2024 to December 30, 2024, payable on January 2, 2025, to holders of record as of December 15, 2024.

This marks the fourth consecutive quarterly cash payment, reflecting the company's balance sheet flexibility. The Series A Preferred Stock, issued on August 28, 2023, consists of 500,000 shares sold for $500 million aggregate purchase price, convertible into common stock at $9.44 per share. Holders are entitled to a 7.0% annual dividend, compounding quarterly, payable either in cash or in kind.

BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, announces its upcoming Investor Day scheduled for February 19, 2025 in New York City. The event will feature President and CEO Dale Asplund along with executive management team members presenting the company's long-term strategy and financial objectives.

The presentation will be accessible via investor.brightview.com and will include formal presentations and Q&A sessions with senior leadership. The company aims to showcase its journey toward sustainable profitable growth, strategic priorities, and financial targets, emphasizing its commitment to employees, customers, and shareholder value.

BrightView Holdings reported mixed Q4 and full-year 2024 results. Q4 revenue decreased 2.0% to $728.7M, while net income increased 56.1% to $25.6M. Q4 Adjusted EBITDA reached a record $105.2M, up 3.5%. Full-year revenue declined 1.7% to $2.77B, but net income improved significantly from a loss of $7.7M to a profit of $66.4M. Operating cash flow increased 58.3% to $205.6M. The company provided FY2025 guidance projecting revenue of $2.75-2.84B and Adjusted EBITDA of $335-355M. Total net financial debt decreased to $736.9M, with debt-to-EBITDA ratio improving to 2.3x.

BrightView Holdings (NYSE: BV), the leading U.S. commercial landscaping services company, announced its management team's participation in the upcoming Craig-Hallum Capital Group Alpha Select Conference. The event will take place on Tuesday, November 19, 2024, in New York City. Dale Asplund, President and CEO, and Brett Urban, Executive Vice President and CFO, will attend the conference, which will feature one-on-one and small group meetings. An updated investor presentation will be available on BrightView's investor website.

Azenta (NASDAQ: AZTA) has appointed three new independent directors to its Board: William Cornog (former head of KKR Capstone), Quentin Koffey (Founder of Politan Capital Management, owning 9.4% of Azenta), and Alan Malus (former Executive VP of Thermo Fisher). The company established a new Value Creation Committee to focus on long-term value creation, growth initiatives, and capital deployment. The committee will be chaired by William Cornog and includes the new directors along with CEO John Marotta and current director Martin Madaus. Azenta has also reaffirmed its full-year 2024 financial guidance previously announced on August 6th, 2024.

BrightView Holdings (NYSE: BV) announced it will release its fourth quarter and fiscal year 2024 earnings after market close on November 13, 2024. The company will host a conference call to discuss results on November 14, 2024, at 8:30 a.m. EST. CEO Dale Asplund and CFO Brett Urban will lead the call. The earnings presentation and webcast will be available on the company's investor website, with replay access until November 28, 2024.

BrightView, the leading commercial landscaping company in the US, is distributing pink hats to all 21,000 team members nationwide for Breast Cancer Awareness Month in October. This initiative aims to raise awareness, promote early detection, and support ongoing research.

The pink hats will serve as a visible symbol of solidarity as employees work in communities across the country. Amanda Orders, Executive Vice President and Chief Human Resources Officer at BrightView, emphasized the company's commitment to leveraging its national presence for impact.

In addition to the pink hat initiative, BrightView will make a charitable contribution to Susan G. Komen for the Cure, a leading organization dedicated to breast cancer research, education, and advocacy. This effort underscores BrightView's dedication to making a difference in the fight against breast cancer.

BrightView Holdings (NYSE: BV), the leading U.S. commercial landscaping services company, has announced a $9.0 million cash dividend on its Series A Preferred Stock. This dividend covers the period from June 30, 2024 to September 29, 2024, and will be paid on October 1, 2024 to holders of record as of September 15, 2024. This marks the third consecutive quarterly cash payment, demonstrating the company's balance sheet flexibility and commitment to avoid dilutive impact.

BrightView issued 500,000 shares of Series A Convertible Preferred Stock on August 28, 2023, for a total of $500 million. These shares are convertible into common stock at $9.44 per share and carry a 7.0% annual dividend, compounding quarterly, which can be paid in kind or cash at the company's discretion.