BrightView Q2 revenue +3.5% to $673M, net income up 253%, raises FY free cash flow guidance

BrightView Holdings, Inc.

2024-Q2 EPS reported -$0.01 revenue$1,299,600,000

Revenue $672.9M (+3.5% YoY); net income $33.7M (+253% YoY) with 840bps margin expansion.
Adjusted EBITDA $64.8M (+38.5% YoY); adjusted EBITDA margin +240bps.
Year-to-date free cash flow $89.4M, up $73.5M; FY free cash flow guidance raised to $55-75M.
FY revenue guidance lowered to $2.74-2.80B (from $2.825-2.975B); EBITDA midpoint reaffirmed at $315-335M.
Recorded $43.9M gain on divestiture of non-core U.S. Lawns business.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BrightView Holdings, Inc. updated its the second quarter ended March 31, 2024 guidance (reaffirmed).

Period: the second quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 1, 2024, BrightView Holdings, Inc. issued a press release reporting its results of operations for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950170-24-051299

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