Welcome to our dedicated page for BrightView Holdings news (Ticker: BV), a resource for investors and traders seeking the latest updates and insights on BrightView Holdings stock.
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, Inc. (NYSE: BV) will host its second quarter fiscal year 2023 earnings conference call on May 4, 2023, at 10 a.m. EST. A detailed press release regarding the financial results will be released ahead of the call. Participants can join via the United States dial-in number (888) 396-8049 or international number +1 (416) 764 8646 using the access code 96919339. Additionally, a webcast will be available, and recordings can be accessed until May 11, 2023. BrightView is recognized as the largest commercial landscaper in the U.S., providing extensive landscaping and snow removal services across various sectors. The call will feature CEO Andrew Masterman and CFO Brett Urban. More information is accessible on the Company’s investor website.
BrightView reported total revenue of $655.9 million for Q1 fiscal 2023, marking a 10.8% year-over-year growth, driven by 5.5% organic growth. Maintenance organic revenue grew 1.5%, while development organic revenue increased 5.9%. However, the company reported a net loss of $18.9 million, compared to a net loss of $12.8 million in the prior year, indicating a 70-basis point increase in loss margin. Adjusted EBITDA rose 14.1% to $48.6 million, with an expanding margin of 7.4%. Looking ahead, the company projects Q2 total revenue between $610 million and $650 million, with adjusted EBITDA of $33 million to $43 million.
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