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]