Welcome to our dedicated page for Brightview Holdings news (Ticker: BV), a resource for investors and traders seeking the latest updates and insights on Brightview Holdings stock.
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 (NYSE: BV), the leading US commercial landscaping services company, has declared its fifth consecutive quarterly cash dividend of $8.8 million on its Series A Preferred Stock. The dividend covers the period from December 31, 2024 to March 30, 2025, payable on April 1, 2025 to holders of record as of March 15, 2025.
The announcement follows the company's August 28, 2023 issuance of 500,000 shares of Series A Convertible Preferred Stock, raising $500 million. These preferred shares are convertible to common stock at $9.44 per share and carry a 7.0% annual dividend rate, compounding quarterly, which can be paid in cash or in kind at BrightView's discretion.
BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, has announced its upcoming participation in the Loop Capital Markets 2025 Investor Conference. The virtual event is scheduled for Monday, March 10, 2025.
Key company executives participating include Dale Asplund, President and Chief Executive Officer, and Brett Urban, Executive Vice President and Chief Financial Officer. The format will consist of one-on-one and small group meetings. During these sessions, management will reference materials from the investor presentation available on BrightView's investor website at investor.brightview.com.
BrightView Holdings (NYSE: BV) reported Q1 fiscal 2025 results with total revenue decreasing 4.4% year-over-year to $599.2 million, primarily due to strategic reduction of non-core businesses. The company's net loss improved 36.6% to $10.4 million, while Adjusted EBITDA increased 11.6% to $52.1 million with margin expansion of 120 basis points.
The Maintenance Services segment saw a 7.5% revenue decline to $409.3 million, while Development Services revenue grew 3.5% to $191.8 million. Net cash provided by operating activities increased to $60.5 million, though adjusted free cash flow decreased to $4.4 million.
The company reaffirmed its fiscal 2025 guidance, projecting revenue between $2.750-$2.840 billion and Adjusted EBITDA of $335-$355 million. Total Net Financial Debt stood at $766.1 million with a debt-to-Adjusted EBITDA ratio of 2.3x.
BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, has announced its upcoming Investor Day scheduled for February 19, 2025, in New York City. The event will commence with an informal lunch at 12:00 p.m. EST, followed by opening remarks at 1:00 p.m. EST.
Interested participants must register by February 14th to attend in person. The event will also be accessible via live webcast, with recordings available afterward on BrightView's investor website at investor.brightview.com.
BrightView Holdings (NYSE: BV) has successfully completed a repricing of its $738 million senior secured term loan due 2029. The company reduced the applicable interest rate to Term SOFR plus 2.00%, down from the previous Term SOFR plus 2.50%. Combined with a previous repricing from May 2024, BrightView estimates cash interest expense savings of approximately $7.5 million annually and $35 million through maturity. CFO Brett Urban emphasized that this move aligns with their strategy of opportunistic balance sheet management and cost reduction to support profitable growth.
BrightView Holdings (NYSE: BV) has announced it will release its first quarter fiscal year 2025 earnings results after market close on Wednesday, February 5, 2025. The company will hold a conference call to discuss the results on Thursday, February 6, 2025, at 8:30 a.m. EST.
The conference call will be hosted by BrightView President and CEO Dale Asplund and EVP/CFO Brett Urban. A replay will be available until February 20, 2025, at 11:59 p.m. EST. The earnings presentation and webcast will be accessible on the company's investor website.
BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, has announced its participation in the upcoming CJS Securities 25th Annual New Ideas for the New Year Conference. The virtual event is scheduled for Tuesday, January 14, 2025, at 2:20 p.m. ET.
Key management team members participating include Dale Asplund, President and Chief Executive Officer, and Brett Urban, Executive Vice President and Chief Financial Officer. During the conference, management will reference the investor presentation available on BrightView's investor website at investor.brightview.com.
BrightView Holdings (NYSE: BV), the leading U.S. commercial landscaping services company, has declared a $9.0 million cash dividend on its Series A Preferred Stock. The dividend covers the period from September 30, 2024 to December 30, 2024, payable on January 2, 2025, to holders of record as of December 15, 2024.
This marks the fourth consecutive quarterly cash payment, reflecting the company's balance sheet flexibility. The Series A Preferred Stock, issued on August 28, 2023, consists of 500,000 shares sold for $500 million aggregate purchase price, convertible into common stock at $9.44 per share. Holders are entitled to a 7.0% annual dividend, compounding quarterly, payable either in cash or in kind.
BrightView Holdings (NYSE: BV), America's leading commercial landscaping services company, announces its upcoming Investor Day scheduled for February 19, 2025 in New York City. The event will feature President and CEO Dale Asplund along with executive management team members presenting the company's long-term strategy and financial objectives.
The presentation will be accessible via investor.brightview.com and will include formal presentations and Q&A sessions with senior leadership. The company aims to showcase its journey toward sustainable profitable growth, strategic priorities, and financial targets, emphasizing its commitment to employees, customers, and shareholder value.
BrightView Holdings reported mixed Q4 and full-year 2024 results. Q4 revenue decreased 2.0% to $728.7M, while net income increased 56.1% to $25.6M. Q4 Adjusted EBITDA reached a record $105.2M, up 3.5%. Full-year revenue declined 1.7% to $2.77B, but net income improved significantly from a loss of $7.7M to a profit of $66.4M. Operating cash flow increased 58.3% to $205.6M. The company provided FY2025 guidance projecting revenue of $2.75-2.84B and Adjusted EBITDA of $335-355M. Total net financial debt decreased to $736.9M, with debt-to-EBITDA ratio improving to 2.3x.