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BrightView Holdings (BV)
NYSE:BV
Holding BV?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.04Last Year’s EPS
$0.02Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -12.44%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including record EBITDA performance, growth in the development segment, improved free cash flow, and debt reduction. However, challenges remain in the core maintenance land segment and snow revenue expectations. Overall, the positive achievements and strategic initiatives to improve employee and customer retention contribute to a positive outlook.Company Guidance
During BrightView's Q4 2024 earnings call, the company highlighted several key metrics and guidance for fiscal 2025. BrightView reported a record Q4 EBITDA of $105.2 million, reflecting a 4% increase from the prior year, with an EBITDA margin expansion of 70 basis points. Total revenue for the quarter was $729 million, indicating a 2% increase after adjusting for the sale of the U.S. lawns business and the unwinding of BES. For fiscal 2025, BrightView projects revenue between $2.75 billion and $2.84 billion, with EBITDA expected to reach $335 million to $355 million. The company anticipates another record-breaking year in EBITDA, driven by a 1% to 3% increase in core land revenue and strategic investments in employee retention and customer service. Free cash flow is guided between $40 million and $60 million, with expectations for normalized free cash flow to be $90 million to $110 million when adjusted for the timing of capital expenditures. BrightView remains focused on achieving long-term profitable growth through its One BrightView strategy, which emphasizes employee and customer satisfaction, route density improvements, and development-to-maintenance conversions.Record EBITDA Performance
BrightView achieved record Q4 and full-year EBITDA results for fiscal 2024, with expanded EBITDA margins in both operating segments.
Development Segment Growth
Development business increased by 8.6% due to the ongoing conversion of backlog into high-quality projects, with adjusted EBITDA for the fourth quarter reaching $41 million, a record quarter for this segment.
Improved Free Cash Flow
Reported free cash flow was $145 million for the full year, a significant increase from $80 million in the prior year.
Debt Reduction
Net leverage at the end of the year was 2.3x, the lowest in the history of BrightView, due to lower debt levels, improved profitability, and increased cash flow.
Employee and Customer Retention Initiatives
BrightView focused on improving employee turnover and customer retention rates, resulting in a 200 basis point improvement in customer retention in 2024.
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BV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $18.25 | $15.81 | -13.37% |
| Jul 31, 2024 | $14.39 | $15.43 | +7.23% |
| May 01, 2024 | $11.27 | $12.54 | +11.27% |
| Jan 31, 2024 | $8.93 | $8.84 | -1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BrightView Holdings (BV) report earnings?
BrightView Holdings (BV) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is BrightView Holdings (BV) earnings time?
BrightView Holdings (BV) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BV EPS forecast?
BV EPS forecast for the fiscal quarter 2025 (Q1) is $0.04.
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