Business
BrightView Reports First Quarter Fiscal 2026 Results With Top-Line Revenue Growth & Improved Adjusted EBITDA; Reaffirms 2026 Guidance
BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in th
About this update from Brightview Holdings, Inc.
[{"type":"text","content":" BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today reported unaudited results for the first quarter ended December 31, 2025. FIRST QUARTER FISCAL 2026 SUMMARY Net service revenues increased 2.6% year-over-year to $614.7 million, Net loss expanded $4.8 million year-over-year to $15.2 million, Net loss margin of 2.5%, Adjusted EBITDA2 increased $1.4 million year-over-year to $53.5 million, Adjusted EBITDA margin2 of 8.7%, Repurchased 1.1 million shares of common stock. COMPANY REAFFIRMS FISCAL YEAR 2026 GUIDANCE1 Range Comment Land Maintenance Revenue $1.700 - $1.715 billion +~1% to +2% Development Services Revenue $790 - $805 million ~0% to +2% Snow Removal Revenue $190 - $220 million Approx 5-year avg. Total Revenue $2.670 to $2.730 billion ~0% to +2% Adjusted EBITDA2 $363 - $377 million +40 to +60 bps margin expansion Adjusted Free Cash Flow2 $100 to $115 million N/A Expand “We are off to a strong start to fiscal 2026, delivering top-line growth and improved Q1 Adjusted EBITDA while accelerating investments in our sales force and realizing efficiencies throughout the business,” said BrightView President and Chief Executive Officer Dale Asplund. “Our first-quarter results were driven by sustained momentum in our key performance indicators, reflecting the progress we continue to make in transforming our business. We are reaffirming our guidance for fiscal 2026 and are well-positioned to deliver top-line profitable growth and a third consecutive year of record Adjusted EBITDA.” 1 For assumptions underlying the fiscal year 2026 guidance, see the Q1 2026 presentation at investor.brightview.com 2 Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted Free Cash Flow are non-GAAP measures. Refer to the “Non-GAAP Financial Measures” section for more information. The Company is not providing quantitative reconciliations of its financial outlook for Adjusted EBITDA to net income, or Adjusted Free Cash Flow to Cash flows provided by operating activities, the corresponding GAAP measures, because the respective GAAP measures that are excluded from the non-GAAP financial outlook are difficult to reliably predict or estimate without unreasonable effort due to their dependence on future uncertainties, such a...