Earnings ·
Reports Q4 net income of $8.3 million on $677.3M revenue, introduces FY2027 guidance
BVBrightView Holdings, Inc.
BrightView Holdings reported fourth-quarter net service revenue decreased 3.6% year-over-year to $677.3 million, driven by a 17.8% drop in Development Services, partially offset by a 3.2% increase in Maintenance Services. Full-year net service revenue rose 1.5% to $2.7 billion. Net income fell 70.0% to $8.3 million for the quarter and plummeted 98.2% to $1.0 million for the full year, while Adjusted EBITDA declined 11.6% to $100.3 million in Q4. The company repurchased 1.2 million shares in the quarter. BrightView also introduced fiscal 2027 guidance projecting total revenue of approximately $2.5 billion to $2.7 billion and Adjusted EBITDA of $335 million to $355 million, underpinned by expected growth in its recurring land maintenance business. The company operates as the leading commercial landscaping services provider in the United States.