Highest-materiality recent filing
BrightView Q3 revenue up 1.3% to $717.6M; net income down $26.2M to $6.1M
Net service revenues $717.6M (+1.3% YoY); land maintenance revenue +2.3%.
BrightView extends term loan maturity to 2033 and receivables facility to 2029
Senior secured term loans extended from April 2029 to June 2033.
BrightView Q2 revenue up 6.1% to $702.9M; record Adj. EBITDA $79.1M; raises FY revenue guidance
Net service revenues $702.9M, up 6.1% YoY; land maintenance revenue grew 4.0% (first YoY increase since Q3 2023).
BrightView shareholders elect directors and ratify Deloitte as auditor at 2026 annual meeting
Elected common directors: Abrahamson, Asplund, Bomba, Cornog, Lopez, Raether, Swan; votes for ranged 109M-132M.
BrightView Q1 revenue up 2.6% to $614.7M; Adj. EBITDA up 2.7% to $53.5M; reaffirms FY2026 guidance
Net service revenues $614.7M (+2.6% YoY); net loss $15.2M (expanded $4.8M YoY).
Q4 net income $27.7M (+8.2% YoY); revenue $702.8M (-3.6%) driven by declines in Maintenance and Development Services.
BrightView Q3 FY2025: Revenue down 4.1% to $708.3M; net income up to $32.3M; reaffirms FY guidance
Net service revenues decreased 4.1% YoY to $708.3M; net income rose $8.8M to $32.3M; margin +140 bps.
BrightView lowers FY2025 revenue guidance to $2.68-2.73B; raises Adj. FCF outlook to $60-75M
Revenue guidance cut from $2.75-2.84B to $2.68-2.73B, citing macro delays and reduced discretionary spend.
KKR sells 11.6M BrightView shares at $14.40 in secondary offering; company receives no proceeds
Selling stockholder KKR BrightView Aggregator L.P. sold 11,600,000 shares at $14.40 per share.
BrightView Q2 revenue down 1.5% but record adjusted EBITDA; raises FY2025 guidance
Net service revenues $662.6M (-1.5% YoY); net income $6.4M (down $27.3M incl $43.9M prior-year divestiture gain).
BrightView shareholders elect directors, ratify auditor, approve say-on-pay every 3 years
All 7 common-stock director nominees elected; broker non-votes of ~4.6M shares on each.
BrightView Q1 revenue down 4.4% but Adj. EBITDA up 11.6%; reaffirms FY2025 guidance
Revenue $599.2M (-4.4% YoY) driven by strategic reduction of non-core businesses, partially offset by core growth.
BrightView reprices $738M term loan; saves ~$7.5M annually on interest
Amendment No. 9 reduces margin on Term SOFR loans from 2.50% to 2.00%.
BrightView posts record Q4 Adj. EBITDA of $105.2M; guides FY2025 revenue $2.75-2.84B
Q4 revenue $728.7M (-2% YoY); net income $25.6M (+56.1% YoY).
BrightView Q3 net income up 40% to $23.5M; raises FY free cash flow guidance
Revenue $738.8M, down 3.6% YoY; net income $23.5M, up 39.9%; net income margin +100 bps.
BrightView board member Richard Roedel resigns effective Dec 31, 2024 due to health reasons
Richard W. Roedel notified BrightView Holdings on July 17, 2024 of his resignation from the Board, effective December 31, 2024.
BrightView expands receivables facility to $325M, extends maturity to June 2027
Facility size increased from $275M to $325M; accordion feature allows up to $100M additional increase.
BrightView reprices $738M term loan, cuts margin by 50-75 bps, annual savings ~$3.7M
Repriced $738M senior secured term loan due 2029; rate reduced to Term SOFR + 2.50% from 3.00%-3.25%.
BrightView's KKR stockholder sells 17.5M shares at $12.48 in secondary offering
Underwriting agreement entered May 20, 2024; offering closed May 23, 2024.
BrightView Q2 revenue +3.5% to $673M, net income up 253%, raises FY free cash flow guidance
Revenue $672.9M (+3.5% YoY); net income $33.7M (+253% YoY) with 840bps margin expansion.
BrightView shareholders elect directors, approve equity plan amendments at 2024 meeting
All director nominees elected with >95% votes for; Series A preferred holders elected Barker and Goldman.
BrightView President Jamie Gollotto steps down, enters separation agreement
Jamie C. Gollotto, President, Seasonal (Maintenance Services), ended executive role on Feb 19, 2024.
BrightView Holdings President of Seasonal Services Jamie Gollotto steps down as executive officer
Jamie C. Gollotto's employment as President, Seasonal (Maintenance Services) ended February 19, 2024.
BrightView Q1 revenue down 4.5% to $626.7M, net loss improves 13.2%, reaffirms FY2024 guidance
Revenue $626.7M, down 4.5% YoY; net loss improved 13.2% to $16.4M from $18.9M.
President of Development Services Thomas C. Donnelly departs BrightView effective Jan 17, 2024
Thomas C. Donnelly's employment as President, Development Services ended January 17, 2024.
BrightView Q4 revenue record $743.7M; Adj. EBITDA $101.6M; FY2024 guidance issued
Q4 revenue $743.7M (+2.8% YoY); net income $16.4M (+7.2%); Adj. EBITDA margin +110 bps to 13.7%.
BrightView appoints Dale Asplund as CEO; grants 917,820 RSUs plus 250K target PSUs
Dale Asplund started as President & CEO on Oct 1, 2023 and joined the board.
BrightView amends credit agreements, adds Birch/One Rock as Permitted Holders, 1% prepayment premium
Credit Agreement Amendment dated Aug 31, 2023 adds Birch Equity Holdings, LP, Birch-OR Equity Holdings, LLC, and One Rock Capital Partners, LLC as Permitted Holders.
BrightView grants $500k in RSUs to interim CEO James Abrahamson
RSU grant value of $500,000 approved on August 30, 2023 for interim CEO James R. Abrahamson.
Sold 500,000 shares of Series A Convertible Preferred Stock at $1,000/share to Birch Equity Holdings affiliates for $500M total.
BrightView appoints Dale A. Asplund as President and CEO effective Oct 1, 2023
Dale A. Asplund appointed President & CEO effective Oct 1, 2023; replaces interim CEO James R. Abrahamson, who stays on board.
BrightView Q3 revenue up 2.5% to $766M; net income +55.6% to $16.8M
Revenue $766M (+2.5% YoY); net income $16.8M (+55.6% YoY, 80bp margin expansion).
BrightView finalizes Transition Agreement with former President Jeffery Herold
Herold to serve as non-executive employee from Aug 1, 2023 to Aug 1, 2024, with base salary $247k.
BrightView appoints Brian Jackson as CAO; base salary $265k, target bonus 45%
Brian Jackson appointed Chief Accounting Officer effective July 12, 2023.
BrightView CAO Louay Khatib resigns; CFO Brett Urban assumes principal accounting officer role
Louay H. Khatib resigns as CAO effective June 16, 2023; no disagreement over financial statements or ethics.
BrightView grants retention awards to CFO, CLO, CHRO totaling $1.25M to aid CEO transition
CFO Brett Urban receives $500K retention award (25% cash, 75% RSUs).
BrightView Q2 revenue $650.4M, net loss $22.0M; Adjusted EBITDA $46.8M beats guidance
Revenue $650.4M; Maintenance Land organic growth 1.6%, 8th consecutive quarter of growth.
BrightView CEO Andrew Masterman resigns; Jim Abrahamson named interim CEO
Masterman steps down as President & CEO and from board, effective May 31, 2023; will advise for one month.
BrightView shareholders elect 8 directors, ratify Deloitte, approve charter amendment
All 8 director nominees elected with votes ranging from 72M to 83M for; broker non-votes of 3.16M.
BrightView Q1 FY2023 revenue $655.9M (+10.8% YoY); Adj EBITDA $48.6M (+14.1%)
Revenue $655.9M, up 10.8% YoY; organic growth 5.5%.
BrightView replaces Jeff Herold with Fred Freund as President of Evergreen West
Jeff Herold stepped down as President of Evergreen West effective Dec 13, 2022; remains non-executive employee.
BrightView Q4 revenue record $723.4M, net income down 43% YoY; guides Q1 FY2023 revenue $610-640M
Q4 revenue $723.4M (record, +7.4% YoY); total organic growth 3.4%; land organic growth 4.4%.
BrightView Q3 revenue $747M (+11% YoY); EPS $0.12, adj. EPS $0.43
Revenue of $747.4M, up 11% YoY, with 5.6% organic growth.
BrightView amends receivables financing: capacity to $275M, maturity extended to 2025
Borrowing capacity increased from $250M to $275M under Third Amendment to Receivables Financing Agreement.
BrightView appoints William Cornog to Nominating and Corporate Governance Committee
William Cornog joined the Board on May 9, 2022, per prior disclosure.
BrightView management to present at Baird and UBS conferences June 7-8
Baird 2022 Global Consumer, Technology & Services Conference on June 7 at 10:15 am ET (fireside chat).
BrightView CFO John Feenan retiring Sept 30; Brett Urban named successor effective Oct 1
John Feenan steps down as EVP and CFO at close of business Sept 30, 2022.
BrightView director Weisenbeck resigns; KKR nominee Cornog appointed
Joshua Weisenbeck resigned from board effective May 9, 2022; no disagreement over operations or policies.
BrightView Q2 revenue up 9.2% but net income drops; CFO Feenan to retire, Urban appointed
Revenue $711.9M (+9.2% YoY); net income $0.7M vs $6.3M; adjusted EBITDA $59.7M vs $66.8M.
BrightView refinances debt with $1.2B term loan and $300M revolver, maturities extended to 2027/2029
Completed $1.2B Series B Term Loan maturing 2029 and $300M Revolving Credit Facility maturing 2027.
On July 17, 2024, Richard W. Roedel informed BrightView Holdings, Inc. (the “Company”) that he was resigning from the Company’s Board of Directors (the “Board”), effective December 31, 2024.
As previously disclosed, the Company announced on February 23, 2024, that the employment as an executive officer of Jamie C. Gollotto, President, Seasonal (Maintenance Services), ended effective at the close of business on February 19, 2024
On February 19, 2024, the employment as an executive officer of BrightView Holdings, Inc. (the “Company”) of Jamie C. Gollotto, President, Seasonal (Maintenance Services), ended.
effective upon his appointment as President and Chief Executive Officer, Mr. Asplund joined the Company’s board of directors
On October 1, 2023, in connection with Dale A. Asplund’s appointment as the Company’s President and Chief Executive Officer
Joshua D. Goldman and Kurtis T. Barker, individuals designated by the Investors under the terms of the Investment Agreement, were appointed to the Board, effective immediately following the Issuance.
Joshua D. Goldman and Kurtis T. Barker, individuals designated by the Investors under the terms of the Investment Agreement, were appointed to the Board, effective immediately following the Issuance.
to replace James R. Abrahamson who has been serving as interim President and Chief Executive Officer of the Company since June 1, 2023. Mr. Abrahamson will continue as a director of the Company.
On August 28, 2023, BrightView Holdings, Inc. (the “Company”) announced the appointment of Dale A. Asplund as President and Chief Executive Officer (principal executive officer) of the Company, effective October 1, 2023
Fred Freund took the role of President of Evergreen West effective December 14, 2022.
the Company announced on December 15, 2022 that Jeffery R. Herold stepped down as President of the Evergreen West (Maintenance Services) business (“Evergreen West”) of the Company, effective at the close of business on December 13, 2022
Brett Urban, the Company’s Chief Financial Officer, who had been serving as the principal accounting officer before Mr. Jackson’s appointment, has ceased to serve in the role of principal accounting officer upon Mr. Jackson’s appointment.
Max materiality 0.85 · Median 0.65 · Most common event earnings