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BrightView Holdings, Inc. (NYSE: BV) is the United States' leading commercial landscaping services provider. With over 20,000 dedicated team members, BrightView offers a comprehensive suite of landscaping and snow services, ensuring high-quality, dependable solutions for thousands of clients nationwide.
From initial design to ongoing maintenance and enhancements, BrightView serves the entire lifecycle of a property’s landscape. The company operates through two primary segments: Maintenance Services and Development Services. Maintenance Services, which generate the majority of the company's revenue, are self-performed through a national branch network and are route-based, providing consistent, reliable care. Development Services focus on the sophisticated design, coordination, and installation of landscapes at high-profile corporate, athletic, and university complexes.
Since its formation in 2014, through the merger of Brickman and ValleyCrest, BrightView has been a trusted partner across various industries, including housing communities, corporate campuses, healthcare facilities, universities, retail establishments, and resorts. The company prides itself on fostering collaborative relationships with clients to drive mutual success.
BrightView is committed to delivering exceptional landscapes through its extensive capabilities, making it a single-source solution for landscape needs. The company's recent projects and achievements underscore its dedication to quality and client satisfaction.
- Recent News: BrightView recently sold U.S. Lawns, a franchised provider of commercial landscaping and snow removal services, to EverSmith Brands. This strategic move allows BrightView to focus more on its core operations while U.S. Lawns continues to grow under new ownership.
BrightView remains dedicated to innovative growth and excellence in the landscaping industry, leveraging its comprehensive services and experienced team to meet and exceed client expectations.
BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, has announced its upcoming participation in the Loop Capital Markets 2025 Investor Conference. The virtual event is scheduled for Monday, March 10, 2025.
Key company executives participating include Dale Asplund, President and Chief Executive Officer, and Brett Urban, Executive Vice President and Chief Financial Officer. The format will consist of one-on-one and small group meetings. During these sessions, management will reference materials from the investor presentation available on BrightView's investor website at investor.brightview.com.
BrightView Holdings (NYSE: BV) reported Q1 fiscal 2025 results with total revenue decreasing 4.4% year-over-year to $599.2 million, primarily due to strategic reduction of non-core businesses. The company's net loss improved 36.6% to $10.4 million, while Adjusted EBITDA increased 11.6% to $52.1 million with margin expansion of 120 basis points.
The Maintenance Services segment saw a 7.5% revenue decline to $409.3 million, while Development Services revenue grew 3.5% to $191.8 million. Net cash provided by operating activities increased to $60.5 million, though adjusted free cash flow decreased to $4.4 million.
The company reaffirmed its fiscal 2025 guidance, projecting revenue between $2.750-$2.840 billion and Adjusted EBITDA of $335-$355 million. Total Net Financial Debt stood at $766.1 million with a debt-to-Adjusted EBITDA ratio of 2.3x.
BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, has announced its upcoming Investor Day scheduled for February 19, 2025, in New York City. The event will commence with an informal lunch at 12:00 p.m. EST, followed by opening remarks at 1:00 p.m. EST.
Interested participants must register by February 14th to attend in person. The event will also be accessible via live webcast, with recordings available afterward on BrightView's investor website at investor.brightview.com.
BrightView Holdings (NYSE: BV) has successfully completed a repricing of its $738 million senior secured term loan due 2029. The company reduced the applicable interest rate to Term SOFR plus 2.00%, down from the previous Term SOFR plus 2.50%. Combined with a previous repricing from May 2024, BrightView estimates cash interest expense savings of approximately $7.5 million annually and $35 million through maturity. CFO Brett Urban emphasized that this move aligns with their strategy of opportunistic balance sheet management and cost reduction to support profitable growth.
BrightView Holdings (NYSE: BV) has announced it will release its first quarter fiscal year 2025 earnings results after market close on Wednesday, February 5, 2025. The company will hold a conference call to discuss the results on Thursday, February 6, 2025, at 8:30 a.m. EST.
The conference call will be hosted by BrightView President and CEO Dale Asplund and EVP/CFO Brett Urban. A replay will be available until February 20, 2025, at 11:59 p.m. EST. The earnings presentation and webcast will be accessible on the company's investor website.
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.
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