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 reported a strong Q2 for fiscal 2021, with total revenue rising 16.6% to $651.9 million, driven by a 29.6% increase in Maintenance Services revenue. Net Income improved to $6.3 million, versus a $20.5 million loss last year. Adjusted EBITDA surged 71.7% to $66.8 million, showing a margin expansion to 10.2%. Despite challenges from COVID-19, the company remains optimistic about future growth and shareholder value creation.
BrightView Holdings, Inc. (NYSE: BV) will conduct its second quarter fiscal 2021 earnings conference call on May 6, 2021, at 10 a.m. EDT.
The detailed earnings report will precede the call. Interested parties can join via U.S. dial-in number (877) 273-7124 or international number (647) 689-5396. The conference will be hosted by CEO Andrew Masterman and CFO John Feenan. A recording of the call will be available until May 13, 2021. BrightView is known as the largest provider of commercial landscaping services in the U.S., serving a diverse range of clients.
BrightView Holdings, Inc. (NYSE: BV) announced the acquisition of Green Image, LLC (GTI), a leading landscaping entity based in Las Vegas. The acquisition, enhancing BrightView's presence in the western U.S., will add over 400 skilled team members to its operations. GTI, established in 2004, is known for its excellence in landscape maintenance and development. President and CEO Andrew Masterman highlighted the strategic advantage of GTI's experience in horticulture and engineering. No financial terms of the transaction were disclosed.
BrightView Holdings, Inc. (NYSE: BV) reported its first-quarter results for fiscal 2021, showing a 2.9% decrease in total revenue at $554.4 million year-over-year. Maintenance segment revenue remained stable, while development services revenue fell 10.1%. Despite a net loss of $12 million ($0.11 per share), adjusted EBITDA grew 1.4% to $52.4 million, marking a margin increase of 40 basis points. The company's acquisitions and cost containment strategies are seen as positive factors amidst ongoing COVID-19 challenges.
BrightView Holdings, Inc. (NYSE: BV) announced its first quarter fiscal 2021 earnings conference call scheduled for February 4, 2021, at 10 a.m. EST. Details will be released beforehand. Participants can join via designated U.S. and international numbers provided in the release. BrightView, the largest commercial landscaping service provider in the U.S., employs around 20,000 staff and serves various customers, including corporate properties and healthcare facilities. The call will feature CEO Andrew Masterman and CFO John Feenan, with a replay available until February 11, 2021.
BrightView Holdings, Inc. (NYSE: BV) announced the acquisition of Cutting Edge Property Maintenance, enhancing its commercial landscaping services portfolio. The transaction, whose terms remain undisclosed, brings over 110 skilled workers to BrightView from the Upper Midwest. Cutting Edge is recognized for its superior service and expertise in winter services, landscape maintenance, tree care, and irrigation. The acquisition aligns with BrightView's mission to provide comprehensive landscaping solutions across various market segments, reinforcing its position as a leader in the industry.
BrightView Holdings, Inc. (NYSE: BV) reported its fiscal Q4 and full-year results for 2020, revealing a 2.7% decrease in Q4 revenue to $608.1 million and a 2.4% decline in annual revenue to $2,346.0 million. The company faced a net loss of $6.1 million in Q4, compared to a net income of $25.1 million in the prior year. Adjusted EBITDA for the quarter was $90.0 million, slightly down from $91.9 million. BrightView generated strong cash flow, with Free Cash Flow up 61.9% to $77.4 million. The company anticipates continued challenges from COVID-19 but expects to return to positive growth in FY 2021.
BrightView Holdings, Inc. (NYSE: BV) announced a $6 million one-time bonus for over 13,500 frontline employees in recognition of their efforts during the COVID-19 pandemic. Eligible employees must have been with the company as of May 1, 2020, and remain until October 31, 2020, in various service sectors including Maintenance and Tree Care. BrightView's President and CEO, Andrew Masterman, emphasized the value of these workers who continued providing essential services during challenging times.
BrightView Holdings, Inc. (NYSE: BV) will hold its fourth quarter and full-year fiscal 2020 earnings conference call on November 18, 2020, at 10 a.m. EST. A detailed press release with the fiscal results will precede the call. Participants can join by dialing (877) 273-7124 for US callers and (647) 689-5396 for international callers. The call will be hosted by President and CEO Andrew Masterman and CFO John Feenan. The event will be available for replay until November 25, 2020, and can also be accessed via the company's investor website.
BrightView Holdings, Inc. (NYSE: BV) has announced the acquisition of WLE LLC, a commercial landscape maintenance firm based in Austin, Texas. WLE, founded in 2003, brings a 250-member team serving HOA, developer, commercial, and municipal clients in Central Texas. This acquisition aims to strengthen BrightView's presence in a key growth market, enhancing operational capabilities and service quality. Terms of the transaction have not been disclosed, but it is expected to yield synergies and capitalize on WLE's established reputation.
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