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 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 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 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 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'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 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.
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.
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 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 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 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 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 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.
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