BrightView Q1 revenue down 4.5% to $626.7M, net loss improves 13.2%, reaffirms FY2024 guidance

BrightView Holdings, Inc.

2024-Q1 EPS reported -$0.27 revenue$626,700,000

Revenue $626.7M, down 4.5% YoY; net loss improved 13.2% to $16.4M from $18.9M.
Adjusted EBITDA $46.7M (down 3.9% YoY); margin expanded 10 bps to 7.5%.
Year-to-date free cash inflow $17.3M, a $72.7M improvement vs prior-year outflow of $55.4M.
Sold non-core US Lawns franchise for $51.6M cash in January 2024.
Reaffirms FY2024 guidance: revenue $2.825-2.975B, adj. EBITDA $310-340M, FCF $45-75M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BrightView Holdings, Inc. reported the first quarter ended December 31, 2023 results: revenue $626.7 million, net income $16.4 million. Guidance reaffirmed.

Period: the first quarter ended December 31, 2023
Revenue: $626.7 million
Net income: $16.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

United States, today reported unaudited results for the first quarter ended December 31, 2023. FIRST QUARTER FISCAL 2024 SUMMARY • Total revenue decreased 4.5% year-over-year to $626.7 million. • Net loss decreased 13.2% year-over-year to $16.4 million; reflects 30-basis point improvement in Net Loss margin. • Adjusted EBITDA decreased 3.9% to $46.7 million; Adjusted

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Source: SEC EDGAR

accession 0000950170-24-009422

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