BrightView Holdings, Inc. reports developments in its U.S. commercial landscaping services business, including Maintenance Services, Development Services, snow and ice removal, and golf course and sports-field work. Company updates commonly address revenue trends in land maintenance and development services, snowfall-driven snow removal activity, adjusted EBITDA, fiscal guidance, and management participation in investor conferences.
BrightView news also covers customer and portfolio activity across business parks, homeowners' associations, healthcare, education, retail, resort, municipal, golf, and sports-venue properties. Capital-related updates include cash dividends on the company's Series A Convertible Preferred Stock.
BrightView Holdings, Inc. (NYSE: BV) is set to hold its fourth quarter and fiscal year 2021 earnings conference call on November 17, 2021, at 10 a.m. EST. A press release outlining the company's financial results will be available prior to the call. Investors can join the call via designated North American and international dial-in numbers. BrightView is recognized as the largest provider of commercial landscaping services in the U.S., employing around 20,000 individuals to service various sectors including corporate properties and public institutions.
BrightView Holdings (NYSE:BV) will conduct its 2021 Virtual Investor Day on September 21, 2021, at 9 a.m. EDT. The event will feature presentations from key executives, including President & CEO Andrew Masterman, CFO John Feenan, and other senior leaders. Participants can join via a webcast or phone. BrightView is the largest provider of commercial landscaping services in the U.S., employing around 21,000 staff to serve various sectors including healthcare, hospitality, and education.
BrightView Holdings, Inc. (NYSE: BV) will host a Virtual Investor Day on September 21, 2021, at 9 a.m. EDT. CEO Andrew Masterman and CFO John Feenan will lead the event with key executives, including Tom Donnelly, Jamie Gollotto, and Amanda Orders, presenting their insights. The agenda, registration, and webcast details will be released later. BrightView is the largest commercial landscaping service provider in the U.S., employing around 20,000 individuals and offering diverse landscaping services to a variety of clients, including major corporations and healthcare facilities.
BrightView reported strong Q3 results for fiscal 2021, with total revenue of $673.6 million, up 10.8% year-over-year, primarily driven by a 15.0% increase in Maintenance revenue to $524.6 million. Net income surged to $25.2 million or $0.24 per share compared to a loss in the prior year. Adjusted EBITDA rose 2.9% to $93.6 million despite a decrease in Adjusted EBITDA margin. The company generated $37.3 million in free cash flow. Challenges included a 1.6% decline in Development revenue.
BrightView Holdings, Inc. (NYSE: BV) will host its third quarter fiscal 2021 earnings conference call on August 5, 2021, at 10 a.m. EDT. The call will feature President and CEO Andrew Masterman and CFO John Feenan. Participants can join via U.S. dial-in (877) 273-7124 or international dial-in (647) 689-5396, using conference ID 9518947. The replay will be available until August 12, 2021. BrightView is the leading provider of commercial landscaping services in the U.S., employing approximately 20,000 individuals and serving diverse sectors including healthcare and hospitality.
BrightView Holdings, Inc. (NYSE: BV) announced the acquisition of West Bay Landscape, enhancing its position in commercial landscaping. Although the transaction terms were undisclosed, West Bay is recognized as a key player in Central Florida's market, focusing on commercial landscape maintenance. CEO Andrew Masterman emphasized the strategic importance of this acquisition, while West Bay President Ron Sikkema noted the opportunities for service enhancement provided by BrightView's resources. This move could strengthen BrightView's market share and service capabilities.
BrightView Holdings, Inc. (NYSE: BV) has acquired Baytree Landscape Contractors, Inc., a full-service landscaping company based in Atlanta, Georgia. The terms of the deal were not disclosed. BrightView's President and CEO, Andrew Masterman, emphasized Baytree's strong reputation and success in landscape services, anticipating positive synergies from the acquisition. Baytree operates six locations and has over 370 employees. This move aims to enhance BrightView's presence in the Southeast and further strengthen its workforce.
BrightView reported a strong Q2 for fiscal 2021, with total revenue rising 16.6% to $651.9 million, driven by a 29.6% increase in Maintenance Services revenue. Net Income improved to $6.3 million, versus a $20.5 million loss last year. Adjusted EBITDA surged 71.7% to $66.8 million, showing a margin expansion to 10.2%. Despite challenges from COVID-19, the company remains optimistic about future growth and shareholder value creation.
BrightView Holdings, Inc. (NYSE: BV) will conduct its second quarter fiscal 2021 earnings conference call on May 6, 2021, at 10 a.m. EDT.
The detailed earnings report will precede the call. Interested parties can join via U.S. dial-in number (877) 273-7124 or international number (647) 689-5396. The conference will be hosted by CEO Andrew Masterman and CFO John Feenan. A recording of the call will be available until May 13, 2021. BrightView is known as the largest provider of commercial landscaping services in the U.S., serving a diverse range of clients.
BrightView Holdings, Inc. (NYSE: BV) announced the acquisition of Green Image, LLC (GTI), a leading landscaping entity based in Las Vegas. The acquisition, enhancing BrightView's presence in the western U.S., will add over 400 skilled team members to its operations. GTI, established in 2004, is known for its excellence in landscape maintenance and development. President and CEO Andrew Masterman highlighted the strategic advantage of GTI's experience in horticulture and engineering. No financial terms of the transaction were disclosed.