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BrightView Q1: Divestitures And Lower Leverage Could Imply Undervaluation With Risks
Seeking Alpha· 2024-02-07 16:26
Thanasis/Moment via Getty ImagesBrightView Holdings, Inc. (NYSE:BV) recently reported divestitures at double digit EBITDA multiple, and announced cash re-investments that may bring operating margin growth. Furthermore, recent decreases in the net debt/EBITDA ratio and new announcements with regard to new M&A growth make BV a buy. Even considering risks from the total amount of debt obligations, goodwill impairments, or changes in the environmental regulations, BV does trade undervalued. BrightView’s Bus ...
BrightView Holdings: Business Realignment Can Unlock Value
Seeking Alpha· 2024-02-07 09:21
welcomia/iStock via Getty Images BV Has Upside Despite The Challenges I have previously discussed BrightView Holdings (NYSE:BV), and you can read the latest article here. As discussed in my previous iteration, the company will continue looking for profitability improvement. However, it will look to refine its approach at the start of Q2. It realigned the business by integrating the tree and golf services into core maintenance branches while divesting the non-core U.S. Lawns franchisee. The sale proceed ...
BrightView(BV) - 2024 Q1 - Earnings Call Transcript
2024-02-01 19:45
BrightView Holdings, Inc. (NYSE:BV) Q1 2024 Results Conference Call February 1, 2024 8:30 AM ET Company Participants Chris Stoczko - VP, Finance Dale Asplund - President and CEO Brett Urban - CFO Conference Call Participants Bob Labick - CJS Securities Andrew Wittman - Robert W Baird & Co. Tim Mulrooney - William Blair Andrew Steinerman - JPMorgan George Tong - Goldman Sachs Operator Hello and welcome to the BrightView Holdings Q1 2024 Earnings Call. My name is Elliot, I'll be coordinating your call today. ...
EverSmith Brands Acquires U.S. Lawns, Expanding Its Landscaping Portfolio
Prnewswire· 2024-02-01 15:00
CHARLOTTE, N.C., Feb. 1, 2024 /PRNewswire/ -- Today EverSmith Brands announced the acquisition of U.S. Lawns, a franchised provider of commercial landscaping and snow removal services for U.S. commercial properties. This investment is the latest add-on to EverSmith Brands' portfolio of B2B service-based franchise companies.U.S. Lawns was acquired from BrightView Holdings, Inc. (NYSE: BV), a leading commercial landscaping services company in the United States. EverSmith Brands Acquires U.S. Lawns Post thi ...
Compared to Estimates, BrightView (BV) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-01 00:30
BrightView Holdings (BV) reported $626.7 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 4.5%. EPS of $0.02 for the same period compares to -$0.01 a year ago.The reported revenue represents a surprise of -3.74% over the Zacks Consensus Estimate of $651.07 million. With the consensus EPS estimate being $0.05, the EPS surprise was -60.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...
BrightView Reports First Quarter Fiscal 2024 Results, Reaffirms 2024 Guidance and Announces Sale of Non-Core Business
Businesswire· 2024-01-31 21:20
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, 2023. FIRST QUARTER FISCAL 2024 SUMMARY Total revenue decreased 4.5% year-over-year to $626.7 million Net loss decreased 13.2% year-over-year to $16.4 million; reflects 30-basis point improvement in Net Loss margin Adjusted EBITDA decreased 3.9% to $46.7 ...
BrightView(BV) - 2024 Q1 - Quarterly Report
2024-01-30 16:00
Item 4. Controls and Procedures. We maintain disclosure controls and procedures as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") that are designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated an ...
Countdown to BrightView (BV) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-01-30 15:21
In its upcoming report, BrightView Holdings (BV) is predicted by Wall Street analysts to post quarterly earnings of $0.05 per share, reflecting an increase of 600% compared to the same period last year. Revenues are forecasted to be $651.07 million, representing a year-over-year decrease of 0.7%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ti ...
BrightView Publishes 2024 Corporate Responsibility Report
Businesswire· 2024-01-26 11:30
BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView (NYSE: BV), the leading commercial landscaping services company in the United States, today published its 2024 Corporate Responsibility Report, highlighting the Company’s commitment to being a good corporate citizen focused on environmental stewardship, social responsibility, and corporate governance. The report is available on BrightView’s website. “This report reflects our team’s hard work over the past year and continued focus on corporate responsibility and ...
BrightView Holdings, Inc. Announces First Quarter Fiscal Year 2024 Earnings Release Date, Conference Call and Webcast
Businesswire· 2024-01-18 11:15
BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) will release its earnings results for the first quarter fiscal year 2024 after the market closes on Wednesday, January 31, 2024. BrightView will hold a conference call to discuss its results the following morning, Thursday, February 1, 2024, at 8:30 a.m. EST. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in:   (833) 470-6205 International Participant Dial- ...