Brightview Holdings Stock Price, News & Analysis

BrightView (NYSE: BV) has announced the purchase of 100 electric Chevrolet Bolt EUVs as part of its commitment to sustainability and carbon reduction. This addition increases its electric and hybrid vehicle count to nearly 400 out of a total fleet of 11,000 vehicles. The company aims to convert all its 3,000 field managers' vehicles to electric and hybrid by 2025, aiming to achieve carbon neutrality by 2035. BrightView's initiatives also include converting landscaping equipment to battery power and utilizing smart technology for irrigation.

BrightView Holdings, Inc. (NYSE: BV) will host its third quarter fiscal year 2022 earnings conference call on August 4, 2022, at 10 a.m. EDT. This call will provide insights into the company's financial performance, following the release of its third quarter results. The conference can be joined via a North American dial-in number of (844) 200-6205 or an international number of (929) 526-1599. A replay will be available until August 11, 2022. BrightView remains committed to delivering landscaping and snow removal services across the United States.

BrightView (NYSE: BV), a leader in commercial landscaping, announced the acquisition of SGS Hawaii, enhancing its presence in the Hawaiian resort sector. SGS Hawaii, founded in 1995, specializes in environmentally friendly landscaping services for hotels and resorts using electric equipment. This acquisition aligns with BrightView’s growth strategy and commitment to sustainability. SGS Hawaii is the second Hawaiian firm acquired by BrightView this year, following the acquisition of Performance Landscapes in January.

BrightView, the leading commercial landscaping services provider in the U.S. (NYSE: BV), announced participation in two upcoming investor conferences in New York City. Management will conduct a fireside chat on June 7 at 10:15 am ET during the Baird 2022 Global Consumer, Technology & Services Conference, and another on June 8 at 8:00 am ET at the UBS Global Industrials & Transportation Conference. Live webcasts and replays will be available on BrightView’s investor website.

BrightView (NYSE: BV) has introduced a comprehensive hurricane preparedness checklist aimed at assisting businesses and homeowners in safeguarding their landscaping against severe weather. Key recommendations include tree pruning to remove weak branches and pre-authorizing clean-up plans post-storm. Charles Gonzalez, a senior vice president with over 30 years in landscaping, emphasizes proactive measures to mitigate property damage. With extensive experience in hurricane recovery, BrightView is poised to deliver swift responses in the aftermath of storms, aiding emergency crews and ensuring essential services remain operational.

BrightView (NYSE: BV) announces the retirement of Chief Financial Officer John A. Feenan, effective September 30, 2022. Brett Urban has been appointed as his successor, effective October 1, 2022. Urban has been with BrightView since 2016 and has played a key role in the company's financial operations, focusing on the Maintenance Services segment, which represents 75% of the company's results. The transition will include a Separation and Transition Services Agreement with Feenan to ensure continuity. Urban's leadership is expected to continue driving growth and shareholder value.

BrightView reported Q2 fiscal 2022 total revenue of $711.9 million, an increase of 9.2% from $651.9 million year-over-year. However, Net Income fell to $0.7 million, down from $6.3 million. Adjusted EBITDA decreased 10.6% to $59.7 million, with a margin drop to 8.4%. Despite a robust growth in Maintenance Land revenue (+8.1%), Maintenance Snow revenue declined to $196.4 million. Guidance for Q3 sees total revenue between $715 - $735 million. Share repurchases totaled over $161 million in FY 2022, reflecting confidence in long-term growth amidst inflationary pressures.

BrightView celebrates Arbor Day's 150th anniversary by partnering with the Arbor Day Foundation to plant 300,000 trees across the U.S. by March 2023. This initiative aims to restore ecosystems impacted by wildfire, deforestation, and invasive species, spanning nine states. BrightView plans to complement the efforts with over 80,000 trees and various plants annually, supporting vital forest ecosystems and enhancing air quality. The tree planting is crucial for a sustainable environment and reflects BrightView's commitment to environmental solutions.

BrightView Holdings, Inc. (NYSE: BV) will host its second quarter earnings conference call on May 5, 2022, at 10 a.m. EDT. The press release with detailed financial results will be issued before the call. Those interested can join by dial-in or through a webcast, with access codes provided. BrightView is the largest provider of commercial landscaping services in the U.S., employing around 20,000 personnel and serving a wide array of customers including corporate properties and healthcare facilities.