BrightView Posts Second Quarter Fiscal 2025 Earnings With Record Adjusted EBITDA and Raises Full Year Guidance

About this update from Brightview Holdings, Inc.

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(NYSE: BV) (the "Company" or "BrightView"), the leading commercial landscaping services company in the United States, today reported unaudited results for the second quarter ended March 31, 2025.","length":288,"tagName":"p"},{"type":"text","content":" SECOND QUARTER FISCAL 2025 SUMMARY ","length":34,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":" Year-to-date Net cash provided by operating activities of $151.7 million, an increase of $42.2 million, ","length":103,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Year-to-date Adjusted Free Cash Flow 2 of $67.0 million, a decrease of $22.5 million, ","length":84,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Net service revenues decreased 1.5% year-over-year to $662.6 million, ","length":69,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Net income decreased $27.3 million year-over-year to $6.4 million, driven by a $43.6 million gain on divestiture in the prior year, Net income margin of 1.0%, for the second quarter, ","length":182,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Adjusted EBITDA 2 increased 13.4% year-over-year to $73.5 million, Adjusted EBITDA margin 2 expansion of 150 basis points, ","length":120,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":" Announced $100 million share repurchase program. 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"Our sustained success, driven by our cultural transformation, record Adjusted EBITDA, and fortified balance sheet has enabled us to raise our 2025 EBITDA, margin, and free cash flow guidance while returning capital to our shareholders via repurchased shares – all key steps in driving profitable growth and long-term shareholder value."","length":628,"tagName":"p"},{"type":"text","content":" 1 For assumptions underlying the prior and updated fiscal year 2025 guidance, see the Q2 2025 presentation at investor.brightview.com ","length":133,"tagName":"p"},{"type":"text","content":" 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 (loss), 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 as items discussed below. 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