NYSE$BV

BrightView Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported an increase in total revenue and a net loss compared to the previous year.

BrightView reported a 6.7% increase in total revenue to $591.8 million, driven by growth in both Maintenance and Development Services. However, the company experienced a net loss of $12.8 million, slightly higher than the previous year's $12.0 million. Adjusted EBITDA decreased by 18.7% to $42.6 million.

  • Total revenue increased by 6.7% to $591.8 million compared to the prior year.
  • Maintenance revenue grew by 4.8% to $438.2 million, with Land revenue up 11.0%.
  • Development revenue increased by 12.6% to $154.7 million.
  • Net loss was $12.8 million, compared to a net loss of $12.0 million in the prior year.

Headline financials

Total Revenue

$592M

Previous: $554M+6.7%
EPS (adj)

$0.08

Previous: $0.12-33.3%
Adjusted EBITDA

$42.6M

Previous: $52.4M-18.7%
Adjusted EBITDA Margin

7.2%

Previous: 9.5%-24.2%
Capital Expenditures

-$28.6M

Previous: -$9.7M-194.8%
Free Cash Flow

-$41.4M

Previous: -$21.7M-90.8%
Net Income

-$12.8M

Previous: -$12M-6.7%
Operating Income

-$8.4M

Previous: -$3.6M-133.3%
Gross Profit

$140M

Previous: $134M+4.7%
Cash & Equivalents

$133M

Previous: $81.6M+62.7%
Total Assets

$3.25B

Previous: $3.06B+6.1%
Stock-Based Comp

$4.7M

No prior period

Revenue & EPS history

BrightView · Revenue · Quarterly

$592M

Q1 2022+6.7%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

BrightView · $593M total across 2 segments · Q1 2022

  • Maintenance Services
    $438M+4.8%
  • Development Services
    $155M+12.6%

Forward guidance

The company provides second quarter fiscal 2022 guidance of $620 million to $680 million in Total Revenue and $50 million to $60 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 2022

Historical avgQ1 2022

-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

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