NYSE$BV

BrightView Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter fiscal 2021 results, reflecting solid contract-based business and Adjusted EBITDA growth combined with meaningful margin expansion.

BrightView reported a decrease in total revenue to $554.4 million, driven by a decrease in Development Services revenues. Net Loss was $12.0 million. Adjusted EBITDA increased to $52.4 million. The company completed four acquisitions since the beginning of fiscal 2021, with approximately $80 million in annualized revenue.

  • Total revenue was $554.4 million compared to $570.7 million in the prior year.
  • Net Loss was $12.0 million compared to $12.6 million in the prior year.
  • Adjusted EBITDA was $52.4 million compared to $51.7 million in the prior year.
  • Completed four acquisitions since the beginning of fiscal 2021, with approximately $80 million in annualized revenue.

Headline financials

Total Revenue

$554M

Previous: $571M-2.9%
EPS (adj)

$0.12

Previous: $0.10+20.0%
Adjusted EBITDA

$52.4M

Previous: $51.7M+1.4%
Adjusted EBITDA Margin

9.5%

Previous: 9.1%+4.4%
Maintenance Adjusted EBITDA

$49.6M

Previous: $47.7M+4.0%
Maintenance Adjusted EBITDA Margin

11.9%

Previous: 11.4%+4.4%
Capital Expenditures

-$9.7M

Previous: -$14.5M+33.1%
Free Cash Flow

-$21.7M

Previous: -$27.1M+19.9%
Net Income

-$12M

Previous: -$12.6M+4.8%
Operating Income

-$3.6M

Previous: -$800K-350.0%
Gross Profit

$134M

Previous: $143M-6.6%
Cash & Equivalents

$81.6M

Previous: $10.3M+692.2%
Total Assets

$3.06B

Previous: $2.99B+2.4%

Revenue & EPS history

BrightView · Revenue · Quarterly

$554M

Q1 2021-2.9%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

BrightView · $555M total across 2 segments · Q1 2021

  • Maintenance Services
    $418M
  • Development Services
    $137M

Forward guidance

Provides second quarter fiscal 2021 guidance of $550 million to $600 million in Total Revenue and $44 million to $54 million in Adjusted EBITDA.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.8%

Avg return

Earnings day

-3.3%

Avg return

5 days after

-1.2%

Avg return

30 days after

35%

11 / 31 earnings

Positive

+25.0%

Q2 2023

Best reaction

-17.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.4%+10.2%+4.3%
Q1 2026-7.0%-1.5%-6.8%
Q4 2025-0.8%+5.5%+7.4%
Q2 2025+8.5%+14.9%+14.1%
Q1 2025-6.6%-9.3%-23.1%
Q4 2024-14.0%-14.9%-8.3%
Q3 2024+10.5%+0.8%+14.4%
Q2 2024+11.5%+10.1%+22.8%
Q1 2024-2.3%-4.2%-2.7%
Q4 2023-6.9%-5.3%+8.8%
Q3 2023+0.9%+0.8%+4.9%
Q2 2023+25.0%+22.9%+37.3%
Q1 2023-15.3%-21.7%-25.8%
Q4 2022-16.7%-18.4%-26.8%
Q3 2022-17.9%-19.9%-26.4%
Q2 2022+3.1%-1.5%+7.1%
Q1 2022-6.6%-2.0%+0.7%
Q4 2021-9.8%-10.1%-13.2%
Q3 2021-1.7%-8.4%-2.5%
Q2 2021+3.1%-2.3%-3.5%
Q1 2021-1.1%-0.9%+8.7%
Q4 2020-6.1%-0.5%+0.9%
Q3 2020+2.0%+6.2%+1.5%
Q2 2020+1.1%+2.2%+27.5%
Q1 2020-4.8%-1.3%-14.7%
Q4 2019-12.4%-15.2%-13.2%
Q3 2019-4.7%-4.0%-1.9%
Q2 2019+1.3%-2.2%+10.5%
Q1 2019-13.5%-10.0%-4.8%
Q4 2018+12.0%+4.7%-17.1%
Q3 2018-15.2%-26.3%-16.7%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro