Wed, Nov 13, 9:17 PM (122 days ago)
**Summary of Financial Performance for BrightView Holdings, Inc. (Ticker: BV)** For the fiscal year ending September 30, 2024, BrightView Holdings, Inc. reported net service revenues of $2,767.1 million, a decrease of 1.7% from $2,816.0 million in 2023. Net income rose to $66.4 million, recovering from a loss of $7.7 million in the prior year. Operating expenses decreased to $496.5 million, contributing to a gross profit of $645.6 million, down from $678.9 million. The Adjusted EBITDA increased to $324.7 million, with an Adjusted EBITDA margin of 11.7%. Strategically, BrightView focuses on enhancing its market position in the $113 billion commercial landscaping sector, leveraging its scale with over 280 branches. The company emphasizes recurring revenue through maintenance and development services, with a notable shift towards cost efficiency and integration post-divestiture of its U.S. Lawns subsidiary. Looking ahead, BrightView anticipates stable growth driven by ongoing demand for essential landscaping services, albeit facing risks from economic fluctuations, labor shortages, and increased competition. The company’s financial condition remains robust, supported by a solid cash flow and strategic debt management, with total long-term debt standing at $802.5 million as of September 30, 2024.