Brightview Holdings Stock Price, News & Analysis

Protos Security has appointed Mark Hjelle as its new Chief Executive Officer, effective immediately. Hjelle, with nearly 25 years of experience leading private equity-backed firms, aims to enhance Protos' growth trajectory and strengthen its technology-enabled security services. His previous roles include CEO of CSC ServiceWorks and President of Brickman/Valleycrest, showcasing his ability to drive significant revenue growth. The appointment reflects Southfield Capital's commitment to investing in Protos' success and expanding its national managed services platform.

BrightView (NYSE: BV) strengthens its commitment to sustainability by adding 250 hybrid vehicles to its fleet, reaching nearly 700 by year-end 2023. This initiative aligns with its four-year plan to transition its fleet of 3,000 vehicles to more eco-friendly options. CEO Andrew Masterman emphasizes the company’s dedication to minimizing environmental impact through sustainable practices. BrightView's ongoing efforts, including previous additions of 100 Chevrolet Bolt EUVs, demonstrate a robust strategy toward achieving carbon neutrality.

BrightView (NYSE: BV), a leading commercial landscaping services company, has announced the acquisition of Syringa Landscape, LLC, a prominent landscaping firm based in Boise, Idaho. The terms of the transaction were not disclosed. Syringa Landscape is recognized for its expertise in commercial landscape maintenance, installation, and snow removal, serving various marquee accounts in the region. This acquisition aims to enhance BrightView's operations in Boise, a rapidly growing market, and to leverage Syringa’s established reputation and customer relationships for potential growth.

BrightView Holdings reported total revenue of $747.4 million for Q3 2022, a year-over-year increase of 11.0%, driven by 5.6% organic growth and 14% growth in development services. However, net income declined to $10.8 million from $25.2 million in the prior year. Adjusted EBITDA rose slightly to $94.3 million with a margin of 12.6%. For the full year, revenue guidance is set between $2,762 - $2,782 million. The company faces increased costs due to inflation and fuel prices, affecting margins.

BrightView (NYSE: BV) is working with Major League Baseball to prepare the MLB Field of Dreams game, scheduled for August 11, 2022, in Dyersville, Iowa. This iconic event continues the partnership that began in 2019, focusing on maintaining high-standard facilities for the game. BrightView has laid 100,000 square feet of sod, excavated 30,000 cubic yards of material, and installed various features to ensure an optimal baseball experience. The project highlights BrightView's commitment to quality, with a dedicated local team managing the field during the event.

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.