The landscape in front of BrightView Holdings (NYSE: BV) wasn't looking particularly smooth or handsome on Hump Day. Shares of the landscaping specialist tumbled by 7% in value that trading session, "thanks" to a quarterly earnings report that displeased market players. Surprise net loss BrightView took the wraps off its first quarter of fiscal 2026, revealing after market close Tuesday that it earned $614.7 million for the period. That was an improvement of nearly 3% year over year. On the flip side, th ...

BrightView (NYSE:BV) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsBob Labick - PresidentBrett Urban - CFOChris Stoczko - VP of Finance and Investor RelationsDale Asplund - President and CEOJeffrey Stevenson - VPConference Call ParticipantsAndrew Whittmann - Senior Research AnalystGreg Palm - Senior Research AnalystGreg Parrish - AnalystStephanie Moore - Equity AnalystTim Mulrooney - AnalystOperatorGood day, everyone, and welcome to today's BrightView earnings call. At this time, a ...

BrightView (NYSE:BV) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsChris Stoczko - VP of Finance and Investor RelationsDale Asplund - President and CEOOperatorGood day, everyone, and welcome to today's BrightView earnings call. At this time, all participants are in the listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and one on your telephone keypad. Yo ...

BrightView (NYSE:BV) Q1 2026 Earnings call February 04, 2026 08:30 AM ET Speaker2Good day, everyone, and welcome to today's BrightView earnings call. At this time, all participants are in the listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. You may register to ask a question at any time by pressing the star and one on your telephone keypad. You may withdraw yourself from the queue by pressing the star and two. Please note, this call may be recor ...

February 4, 2026 NYSE: BV First Quarter 2026 Earnings Call Introductory Information Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the safe harbor provision of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are subject to the "safe harbor" created by those sections. Al ...

BrightView reported an EPS of -$0.01, missing the estimated EPS of $0.013, marking a significant earnings surprise of -176%.The company's revenue for the quarter was $614.7 million, exceeding expectations by 4.57% and indicating a 2.6% year-over-year growth.BrightView Holdings, Inc. (NYSE: BV) is a leading entity in the commercial landscaping services sector in the United States. The company offers a comprehensive suite of services, including landscape maintenance and enhancements, tree care, and snow remov ...

BrightView Holdings (BV) reported $614.7 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 2.6%. EPS of -$0.01 for the same period compares to $0.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $587.85 million, representing a surprise of +4.57%. The company delivered an EPS surprise of -300%, with the consensus EPS estimate being $0.01.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

BrightView Holdings (BV) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -300.00%. A quarter ago, it was expected that this investment company would post earnings of $0.32 per share when it actually produced earnings of $0.27, delivering a surprise of -15.63%.Over the last four quarters, the compan ...

Financial Performance - Total revenue for Q1 fiscal 2026 increased by 2.6% year-over-year to $614.7 million, driven by a $36 million increase in snow removal revenue[6] - Net loss for Q1 fiscal 2026 expanded to $15.2 million, a 46.2% increase year-over-year, resulting in a net loss margin of 2.5%[5] - Adjusted EBITDA for Q1 fiscal 2026 increased by 2.7% to $53.5 million, maintaining an adjusted EBITDA margin of 8.7%[5] - Maintenance Services revenue increased by 6.6% to $436.4 million, primarily due to a 111.1% increase in snow removal revenue[8] - Development Services revenue decreased by 6.6% to $179.2 million, attributed to the timing and mix of projects[10] - Net service revenues for the three months ended December 31, 2025, were $614.7 million, an increase of 2.9% from $599.2 million in the same period of 2024[35] - Adjusted EBITDA for the three months ended December 31, 2025, was $53.5 million, slightly up from $52.1 million in the same period of 2024[39] Cash Flow and Debt - Net cash provided by operating activities decreased by 40.3% to $36.1 million compared to the prior year[13] - Adjusted Free Cash Flow for Q1 fiscal 2026 was an outflow of $15.4 million, a decrease of $19.8 million from the prior year[14] - Total financial debt as of December 31, 2025, was $881.2 million, with total net financial debt increasing to $844.2 million[16] - Total net financial debt increased to $844.2 million as of December 31, 2025, compared to $766.1 million a year earlier, reflecting a 10.2% rise[50] - The total net financial debt to adjusted EBITDA ratio was 2.4x for Q4 2025, up from 2.3x in the previous quarter[50] Assets and Liabilities - Total assets decreased from $3,392.0 million on September 30, 2025, to $3,316.3 million on December 31, 2025[33] - Cash and cash equivalents dropped from $74.5 million to $37.0 million during the same period[33] - Accounts receivable decreased from $393.1 million to $367.7 million[33] - Total liabilities decreased from $1,591.9 million to $1,554.9 million[33] - Long-term debt increased from $790.2 million to $801.1 million[33] Guidance and Projections - The company reaffirmed its fiscal year 2026 guidance, projecting total revenue between $2.670 billion and $2.730 billion[4] Stock and Earnings - The Series A Preferred Stock has a liquidation preference of $512.0 million as of December 31, 2025[33] - The company reported a basic and diluted loss per share of $0.26 for Q4 2025, compared to a loss of $0.20 per share in Q4 2024[35] - Adjusted net loss income for Q4 2025 was $(2.2) million, a significant decrease from $5.6 million in Q4 2024[44] - The net loss attributable to common stockholders for Q4 2025 was $24.2 million, compared to a net loss of $19.4 million in Q4 2024, representing a 24.5% increase in losses[37] Definitions - Adjusted EBITDA is defined as net income before interest, taxes, depreciation, and amortization, adjusted for non-cash and non-recurring items[25] - Adjusted Free Cash Flow is calculated as cash flows from operating activities less capital expenditures, net of proceeds from the sale of property and equipment[28] - Total Net Financial Debt to Adjusted EBITDA ratio is a key measure for evaluating financial performance[29]

Financial Performance - Net service revenues for Q4 2025 increased to $614.7 million, up from $599.2 million in Q4 2024, representing a growth of 0.9% year-over-year[17] - Gross profit decreased to $114.3 million in Q4 2025, down from $126.8 million in Q4 2024, reflecting a decline of 9.8%[17] - The net loss for Q4 2025 was $15.2 million, compared to a net loss of $10.4 million in Q4 2024, indicating a worsening of 46.2%[17] - Basic and diluted loss per share for Q4 2025 was $0.26, compared to $0.20 in Q4 2024, an increase of 30%[17] - The company reported a comprehensive loss of $15.8 million for Q4 2025, compared to a comprehensive loss of $2.2 million in Q4 2024[20] - For the three months ended December 31, 2025, net service revenues increased to $614.7 million, up from $599.2 million in the same period of 2024, representing a growth of 2.3%[40] - The Company reported a net loss of $15.2 million for the three months ended December 31, 2025, compared to a net loss of $10.4 million in the same period of 2024[40] - Adjusted Net (Loss) Income decreased by $7.8 million to $(2.2) million for the three months ended December 31, 2025, compared to $5.6 million in the prior year[145] Assets and Liabilities - Total current assets decreased to $598.8 million as of December 31, 2025, down from $666.3 million as of September 30, 2025, a decline of 10.2%[15] - Total liabilities decreased to $1,554.9 million as of December 31, 2025, compared to $1,591.9 million as of September 30, 2025, a reduction of 2.3%[15] - Stockholders' equity decreased to $1,254.3 million as of December 31, 2025, down from $1,293.0 million as of September 30, 2025, a decline of 3%[15] - Cash and cash equivalents decreased to $37.0 million as of December 31, 2025, down from $74.5 million as of September 30, 2025, a decline of 50.3%[15] - Accounts receivable as of December 31, 2025, totaled $367.7 million, net of an allowance for doubtful accounts of $10.9 million[48] - As of December 31, 2025, net property and equipment totaled $534.4 million, a decrease from $541.6 million as of September 30, 2025[49] - Intangible assets, net, amounted to $689.3 million as of December 31, 2025, down from $715.9 million as of September 30, 2025, with accumulated amortization of $629.0 million[51] - Long-term debt, net, increased to $801.1 million as of December 31, 2025, compared to $790.2 million as of September 30, 2025[53] Revenue Segments - Landscape Maintenance revenues were $368.0 million, a decrease of 2.4% from $376.9 million in the prior year, while Snow Removal revenues increased significantly to $68.4 million from $32.4 million, reflecting a growth of 111.1%[40] - The Maintenance Services segment generated $436.4 million in net service revenues for Q4 2025, up from $409.3 million in Q4 2024, indicating a growth of approximately 6.5%[94] - The Development Services segment reported net service revenues of $179.2 million in Q4 2025, down from $191.8 million in Q4 2024, a decline of about 6.5%[94] - Maintenance Services net service revenues increased by $27.1 million, or 6.6%, to $436.4 million in Q4 2025, driven by a $36 million increase in snow removal services revenue[162] - Development Services net service revenues decreased by $12.6 million, or 6.6%, to $179.2 million in Q4 2025, attributed to the timing and mix of projects[165] Cash Flow and Expenditures - Net cash provided by operating activities for the three months ended December 31, 2025, was $36.1 million, down from $60.5 million in the prior year[40] - Capital expenditures for Q4 2025 totaled $54.7 million, a decrease from $58.7 million in Q4 2024, indicating a reduction of approximately 6.8%[94] - Net cash used by investing activities decreased by $3.5 million to $51.8 million for the three months ended December 31, 2025, from $55.3 million in the 2024 period, primarily due to a $4.0 million decrease in capital expenditures[177] - Adjusted Free Cash Flow decreased by $19.8 million to an outflow of $15.4 million for the three months ended December 31, 2025, from an inflow of $4.4 million in the 2024 period[179] Shareholder Actions - The company declared a cash dividend of $9.0 million on Series A Preferred Stock in December 2025, which was paid in January 2026[97] - The company repurchased a total of 1,067,705 shares during the three months ended December 31, 2025, at an average price of $12.64 per share[194] - The company announced an increase in its share repurchase program to authorize up to $150 million of common stock[194] Operational Initiatives - The One BrightView initiative launched in fiscal year 2024 aims to streamline operations and improve profitability through cultural changes and a focus on core service lines[118] - The company plans to pursue selective acquisitions to enhance market density and expand service offerings in strategic markets[122] - Weather conditions and seasonality significantly impact the company's landscape maintenance services, affecting revenue and operational performance throughout the year[116] Risk and Compliance - As of December 31, 2025, the company was in compliance with all debt covenants, with no events of default occurring[181] - There were no material changes to the company's market risk during the three months ended December 31, 2025[186] - There have been no material changes to the risk factors included in the Annual Report for the fiscal year ended September 30, 2025[193]