BrightView(BV)

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BrightView(BV) - 2020 Q1 - Quarterly Report
2020-02-06 11:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol Name of exchange on which registered Common Stock, Par Value $0.01 Per Share BV New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission Fi ...
BrightView(BV) - 2019 Q4 - Annual Report
2019-11-21 11:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38579 BrightView Holdings, Inc. (Exact name of Registrant as specified in its Charter) Delaware 46-4190788 ( State or other jurisdic ...
BrightView(BV) - 2019 Q3 - Quarterly Report
2019-08-07 10:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38579 BrightView Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 46-4190788 ( State or other jurisd ...
BrightView(BV) - 2019 Q2 - Quarterly Report
2019-05-08 10:41
Financial Performance - Net service revenues for the three months ended March 31, 2019, increased by $6.2 million, or 1.1%, to $596.6 million from $590.4 million in the 2018 period[134]. - Gross profit for the three months ended March 31, 2019, was $146.1 million, compared to $142.2 million in the same period of 2018[133]. - Adjusted EBITDA for the three months ended March 31, 2019, was $61.1 million, compared to $51.6 million in the same period of 2018[133]. - Net loss for the three months ended March 31, 2019 decreased by $18.5 million to $3.6 million, reflecting improvements in various expense categories[143]. - Adjusted Net Income for the three months ended March 31, 2019 was $15.6 million, compared to $7.6 million in the same period of 2018[160]. - Adjusted Net Income for the six months ended March 31, 2019 increased by $5.0 million to $26.0 million, primarily due to decreased interest expense[157]. Revenue Breakdown - Maintenance Services revenues increased by $13.2 million, while Development Services revenues decreased by $7.0 million[134]. - Maintenance Services net service revenues rose by $13.2 million, or 2.9%, to $473.3 million for the three months ended March 31, 2019[169]. - Development Services net service revenues decreased by $7.0 million, or 5.4%, to $124.0 million for the three months ended March 31, 2019[173]. - Net service revenues for the six months ended March 31, 2019 decreased by $18.8 million, or 1.6%, to $1,122.7 million, driven by declines in both Maintenance and Development Services revenues[147]. - Development Services net service revenues decreased by $17.8 million, or 6.5%, for the six months ended March 31, 2019, compared to the 2018 period[181]. Expenses and Costs - Selling, general and administrative expenses for the three months ended March 31, 2019, were $119.4 million, up from $117.8 million in the prior year[133]. - Amortization expense for the three months ended March 31, 2019 decreased by $15.5 million, or 52.9%, to $13.8 million, primarily due to the expected decrease from prior acquisitions[139]. - Interest expense for the three months ended March 31, 2019 decreased by $6.2 million, or 24.4%, to $18.9 million, driven by debt reduction and interest rate swaps[141]. - The company incurred $3.1 million of integration costs during the first half of fiscal 2019 related to acquisitions completed during fiscal 2018[132]. - The company incurred business transformation and integration costs of $4.7 million for the three months ended March 31, 2019, up from $2.1 million in 2018[169]. Cash Flow and Liquidity - Free Cash Flow for the three months ended March 31, 2019, was $34.2 million, compared to a negative $16.8 million in the same period of 2018[133]. - Free Cash Flow for the six months ended March 31, 2019 was $34.2 million, compared to a negative $16.8 million in the same period of 2018[160]. - Net cash provided by operating activities decreased by $14.5 million to $64.7 million for the six months ended March 31, 2019[190]. - Free Cash Flow decreased by $11.5 million to $25.1 million for the six months ended March 31, 2019[194]. - The company believes its cash flow from operations, along with available credit facilities, will provide sufficient liquidity for the next twelve months[183]. Segment Performance - Segment Adjusted EBITDA for Maintenance Services increased by $6.7 million to $65.0 million, reflecting an 11.5% increase compared to the previous year[171]. - Segment Adjusted EBITDA for Development Services decreased by $1.9 million to $11.0 million, a decline of 14.3% compared to the same period in 2018[174]. - Segment Adjusted EBITDA for Maintenance Services decreased by $5.2 million to $113.7 million, with a margin decrease of 60 basis points to 13.1%[180]. - Segment Adjusted EBITDA for Development Services decreased by $5.2 million to $28.1 million, with a margin decrease of 120 basis points to 10.9%[182]. Market Presence - The company operates through two reportable segments: Maintenance Services and Development Services, serving customers across 31 U.S. states[113]. - The company has a significant presence in evergreen markets, which require landscape maintenance services year-round[128]. Taxation - The effective tax rate for the company was computed using a blended Federal Tax Rate of 24.5% for the fiscal year ended September 30, 2018[125].
BrightView(BV) - 2019 Q1 - Quarterly Report
2019-02-07 11:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38579 | --- | --- | --- | |------------------------------------------------------------------------------------------|-------- ...