NYSE$BV
BrightView Holdings Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported solid third quarter results with topline growth, meaningful margin expansion, and continued improvement in free cash flow.
BrightView reported a 2.5% increase in total revenue year-over-year to $766.0 million. Net income increased by 55.6% to $16.8 million, and Adjusted EBITDA increased by 8.0% to $101.8 million. The company is focused on operational excellence and strategic initiatives to drive value creation and shareholder return.
- Total revenue increased 2.5% year-over-year to $766.0 million.
- Net income increased 55.6% year-over-year to $16.8 million, reflecting an 80-basis point expansion in Net income margin.
- Adjusted EBITDA increased 8.0% to $101.8 million, with Adjusted EBITDA margin expansion of 70-basis points.
- Year-to-date free cash inflow was $38.2 million, an increase of $55.2 million compared to an outflow of $17.0 million in the prior year.
Headline financials
Revenue & EPS history
BrightView · Revenue · Quarterly
$766M
Revenue by segment
BrightView · $768M total across 2 segments · Q3 2023
- Maintenance Services$565M+0.5%73.5%
- Development Services$203M+9.1%26.5%
Forward guidance
The Company provides fourth quarter and full year fiscal 2023 guidance.
Tailwinds
- Fourth Quarter Total Revenue of $730 - $750 million.
- Fourth Quarter Adjusted EBITDA of $98 - $102 million.
- Full Year Total Revenue of $2.80 - $2.82 billion.
- Full Year Adjusted EBITDA of $295 - $300 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
-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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| 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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