Core Insights - BrightView Holdings reported a mixed quarterly earnings performance, with revenue exceeding expectations but a significant net loss that disappointed investors [2][3]. Financial Performance - For the first quarter of fiscal 2026, BrightView generated revenue of $614.7 million, marking a nearly 3% year-over-year improvement [2]. - The company's net loss deepened by 46% to $15.2 million, equating to a loss of $0.01 per share, contrasting with analyst expectations of a profit of $0.02 per share [2][3]. Strategic Initiatives - BrightView is in the process of implementing its "One BrightView" strategy, aimed at streamlining operations and modernizing its vehicle fleet, with CEO Dale Asplund noting sustained momentum in key performance indicators [4]. - The company reaffirmed its full fiscal year revenue guidance of $2.67 billion to $2.73 billion, which at the upper end represents a 2% annual growth [4]. Market Sentiment - The stock experienced a 7% decline following the earnings report, indicating market dissatisfaction with the results [1]. - Analysts expressed skepticism regarding the effectiveness of the transformation plan, citing the anticipated tepid revenue growth for the full year as uninspiring [5].

February 4, 2026 NYSE: BV First Quarter 2026 Earnings Call Introductory Information Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the safe harbor provision of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are subject to the "safe harbor" created by those sections. Al ...

Core Viewpoint - BrightView Holdings reported a revenue of $614.7 million for the quarter ended December 2025, marking a year-over-year increase of 2.6% and exceeding the Zacks Consensus Estimate of $587.85 million by 4.57% [1] Financial Performance - The company reported an EPS of -$0.01, a decline from $0.04 a year ago, resulting in an EPS surprise of -300% compared to the consensus estimate of $0.01 [1] - BrightView's shares have returned +6.3% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change, and currently holds a Zacks Rank 2 (Buy) [3] Revenue Breakdown - Maintenance Services revenue was $436.4 million, exceeding the average estimate of $406.36 million by three analysts, representing a year-over-year increase of +6.6% [4] - Development Services revenue was $179.2 million, below the estimated $183.47 million, reflecting a year-over-year decrease of -6.6% [4] - Snow Removal Services under Maintenance Services generated $68.4 million, significantly surpassing the average estimate of $32.65 million, with a year-over-year increase of +111.1% [4] - Landscape Maintenance Services revenue was $368 million, slightly below the estimated $373.72 million, showing a year-over-year decline of -2.4% [4] - Revenue eliminations were reported at -$0.9 million, better than the estimated -$1.98 million, indicating a year-over-year change of -52.6% [4] Adjusted EBITDA - Adjusted EBITDA for Development Services was $18.1 million, slightly above the average estimate of $17.54 million [4] - Adjusted EBITDA for Maintenance Services was $35.4 million, below the average estimate of $37.71 million [4]

Core Insights - BrightView Holdings (BV) reported revenue of $702.8 million for the quarter ended September 2025, reflecting a year-over-year decline of 3.6% and an EPS of $0.27, down from $0.30 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $721.69 million, resulting in a surprise of -2.62%, while the EPS surprise was -15.63% against a consensus estimate of $0.32 [1] Revenue Breakdown - Maintenance Services revenue was $480.4 million, below the three-analyst average estimate of $491.25 million, marking a year-over-year decline of 1.3% [4] - Development Services revenue reached $224.1 million, compared to the average estimate of $232.41 million, representing an 8.2% year-over-year decrease [4] - Snow Removal Services under Maintenance Services reported revenue of $0.1 million, significantly lower than the average estimate of -$0.67 million, indicating a drastic year-over-year change of -120% [4] - Landscape Maintenance Services generated $480.3 million, compared to the estimated $491.91 million, reflecting a 1.4% decline year-over-year [4] - Revenue from Eliminations was -$1.7 million, slightly better than the two-analyst average estimate of -$1.95 million, with a year-over-year change of -10.5% [4] Adjusted EBITDA - Adjusted EBITDA for Development Services was reported at $40.7 million, exceeding the average estimate of $34.62 million from three analysts [4] - Adjusted EBITDA for Maintenance Services was $72.8 million, falling short of the average estimate of $78.21 million based on three analysts [4] Stock Performance - BrightView's shares have returned -10.1% over the past month, contrasting with the Zacks S&P 500 composite's -0.6% change, and the stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - BrightView Holdings, Inc. reported a year-over-year increase in fourth quarter net income by 8.2% to $27.7 million, with a net income margin expansion of 40 basis points [1] - The company achieved a record fourth quarter Adjusted EBITDA of $113.5 million, reflecting a 7.9% year-over-year increase [1]

Core Message - BrightView is promoting breast cancer awareness by uniting its 19,000 team members nationwide to wear specially designed pink hats throughout October, emphasizing the importance of breast health awareness [2][3][4]. Company Initiative - The initiative is in its second year and aims to deepen BrightView's commitment to spreading awareness, encouraging conversations, and supporting the fight against breast cancer [3][4]. - BrightView will also make a charitable donation to Susan G. Komen, reinforcing its ongoing support for breast cancer research, education, and advocacy [4]. Community Engagement - The effort reflects BrightView's broader commitment to community and care, including safety initiatives, wellness programs, and local volunteer efforts [5]. - By wearing the pink hats, BrightView employees serve as a visible reminder of the importance of awareness and action in the fight against breast cancer [3][4]. Company Overview - BrightView is the nation's leading commercial landscaping company, providing services across various sectors, including business parks, healthcare facilities, and sports venues [6]. - The company emphasizes sustainable solutions and best practices while engaging with clients and communities [6].

Core Insights - BrightView Holdings (BV) reported revenue of $708.3 million for the quarter ended June 2025, reflecting a year-over-year decline of 4.1% and an EPS of $0.30, down from $0.32 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $723.5 million, resulting in a surprise of -2.1%, while the EPS also missed the consensus estimate of $0.33 by -9.09% [1] Revenue Breakdown - Maintenance Services revenue was $508.8 million, below the average estimate of $522.31 million, marking a year-over-year decline of 3% [4] - Development Services revenue reached $201.3 million, compared to the average estimate of $214.69 million, representing a year-over-year decrease of 6.4% [4] - Snow Removal Services under Maintenance Services generated $5.9 million, exceeding the average estimate of $4.93 million, but showing a significant year-over-year decline of 30.6% [4] - Landscape Maintenance Services revenue was $502.9 million, below the estimated $517.38 million, reflecting a year-over-year decrease of 2.6% [4] - Revenue Eliminations were reported at -$1.8 million, slightly worse than the average estimate of -$1.45 million, but showing a year-over-year change of +100% [4] Adjusted EBITDA - Adjusted EBITDA for Development Services was $31.5 million, surpassing the average estimate of $28.24 million [4] - Adjusted EBITDA for Maintenance Services was $81.7 million, falling short of the average estimate of $85.26 million [4] Stock Performance - BrightView's shares have returned +5.4% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - The market anticipates BrightView Holdings (BV) to report a year-over-year increase in earnings despite lower revenues for the quarter ended June 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus EPS estimate for BrightView is $0.33 per share, reflecting a year-over-year increase of +3.1%, while revenues are projected to be $723.5 million, a decrease of 2.1% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 5.22% higher, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for BrightView is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.75%, suggesting a bearish outlook from analysts [12]. Historical Performance - In the last reported quarter, BrightView exceeded the expected earnings of $0.12 per share by delivering $0.14, resulting in a surprise of +16.67%. Over the past four quarters, the company has beaten consensus EPS estimates two times [13][14]. Investment Considerations - Despite the potential for an earnings beat, BrightView does not appear to be a compelling candidate for such an outcome, and investors should consider other factors before making investment decisions [17].

Financial Data and Key Metrics Changes - Total revenue for the second quarter was $663 million, an increase of approximately 3% when adjusting for the unwinding of BES and the sale of U.S. Loans in the prior year [13][14] - Adjusted EBITDA for the second quarter reached a record $73.5 million, an increase of $8.6 million or 13% compared to the prior year [18] - Adjusted EBITDA margins expanded by 150 basis points to 11.1%, marking consecutive quarters of year-over-year margin expansion [18][19] - Net leverage at the end of the second quarter was 2.1 times, down from 2.4 times in the prior year, driven by lower debt levels and improved profitability [21] Business Line Data and Key Metrics Changes - Core snow revenue increased by $22 million or 15%, primarily due to increased snowfall in East Coast markets [15] - Development business revenue increased by 5% due to ongoing conversion of a high-quality backlog [16] - Adjusted EBITDA for the Development segment was $17.1 million, representing a record Q2 for this segment [18] Market Data and Key Metrics Changes - Approximately 60% of revenue is derived from recurring contract revenue, providing a resilient and predictable revenue base [16] - Customer retention rates improved by 170 basis points on a trailing twelve-month basis, indicating positive momentum [12][62] Company Strategy and Development Direction - The company is focused on transforming its business model and has raised its full-year guidance on adjusted EBITDA, margins, and free cash flow [5][25] - Initiatives include prioritizing employee satisfaction, enhancing service quality, and leveraging size and scale as the leading player in the commercial landscape industry [8][9] - The company is committed to a fleet refresh strategy and has ordered over 1,000 core production vehicles [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience against macroeconomic uncertainties, citing a diversified customer base and a strong backlog [9][10] - The company anticipates continued healthy cash flow generation and has raised its adjusted EBITDA guidance to $355 million, up from $345 million [25] - Management acknowledged potential impacts from tariffs and trade but emphasized minimal current effects on the business [84] Other Important Information - The company launched a $100 million share repurchase program, reflecting confidence in its valuation and commitment to returning capital to shareholders [22][23] - The company is actively managing its M&A pipeline and is well-positioned to execute against its strategy when opportunities arise [24] Q&A Session Summary Question: Impact of snow on revenue and core land - Management confirmed that increased snow revenue positively impacted results but noted it limited core land revenue by approximately $6 million [34][37] Question: Stock buyback strategy versus M&A - Management indicated a willingness to be aggressive in stock repurchases if the stock remains undervalued while also being open to M&A opportunities [38][40] Question: Labor availability and costs - Management reported improved employee turnover and a stable labor cost environment, with annual increases normalizing to 2% to 3% [51][57] Question: Customer retention differences among branches - Management highlighted that customer retention improvements are driven by strong branch leadership and engagement with customers [61][62] Question: Guidance increase and drivers - Management clarified that the increase in EBITDA guidance was primarily due to overall margin expansion rather than snow revenue [72][76] Question: Inflationary pressures and mitigation efforts - Management noted that labor cost increases are currently at or below historical ranges and that commodity prices have shown some deflation [96][97] Question: Confidence in achieving growth targets - Management expressed confidence in achieving mid-single-digit organic growth despite macro uncertainties, emphasizing a focus on long-term strategies [101][104]

Financial Performance - BrightView reported a ~3% increase in total revenue excluding non-core business[27] - The company's total revenue was $662.6 million compared to $672.9 million in the same quarter last year[27] - Adjusted EBITDA increased by ~13% to $73.5 million, with a margin expansion of +150bps[30] - Development Services revenue increased by ~4.6% driven by backlog conversion[27] Guidance and Outlook - BrightView raised its FY25 Adjusted EBITDA guidance to $345 million to $365 million[44] - The company also raised its Adjusted EBITDA margin guidance to +80bps to +110bps[44] - Adjusted Free Cash Flow guidance was raised to $50 million to $70 million[44] - Snow Revenue is expected to be ~$205 million[44] Strategic Initiatives - BrightView is focused on strategic capital allocation, including a $100 million share repurchase program[42] - The company is accelerating its fleet strategy with increased capital investment[36, 42] - BrightView is prioritizing investments in its workforce and customer service[33]