NYSE$BV

BrightView Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

BrightView's Q4 2021 results were reported, showing revenue increase and a shift to net income.

BrightView reported a strong fourth quarter with a 10.8% increase in total revenue, driven by Maintenance Services. The company saw a significant improvement in net income, shifting from a net loss in the prior year. Adjusted EBITDA remained relatively flat, with growth in Maintenance Services offset by a decrease in Development Services.

  • Total revenue increased by 10.8% to $673.7 million.
  • Maintenance Land organic revenue growth was 9.2%.
  • Net income improved to $26.8 million, compared to a net loss of $6.1 million in the prior year.
  • Adjusted EBITDA was $89.5 million, slightly down from $90.0 million in the prior year.

Headline financials

Total Revenue

$674M

Previous: $608M+10.8%
EPS (adj)

$0.38

Previous: $0.37+2.7%
Capital Expenditures

$16.5M

Previous: $6.8M+142.6%
Free Cash Flow

$96.7M

Previous: $76.4M+26.6%
Net Income

$26.8M

Previous: -$6.1M+539.3%
Operating Income

$33.1M

Previous: $10M+231.0%
Gross Profit

$180M

Previous: $164M+10.1%
Cash & Equivalents

$124M

Previous: $157M-21.3%
Total Assets

$3.24B

Previous: $3.07B+5.4%
Stock-Based Comp

$4.3M

Previous: $5.7M-24.6%

Revenue & EPS history

BrightView · Revenue · Quarterly

$674M

Q4 2021+10.8%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

BrightView · $675M total across 2 segments · Q4 2021

  • Maintenance Services
    $505M+14.5%
  • Development Services
    $170M+1.1%

Forward guidance

The company provides first quarter fiscal 2022 guidance of $570 million to $600 million in Total Revenue and $44 million to $52 million in Adjusted EBITDA. Expects continued solid momentum in the Maintenance Services Segment; headwinds in the Development Services Segment. Fiscal 2022 financial guidance will be issued in May of 2022 concurrent with our second quarter fiscal 2022 results, post our snow season.

Tailwinds

  • Continued solid momentum expected in the Maintenance Services Segment.

Headwinds

  • Headwinds expected in the Development Services Segment.

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 Q4 2021

Historical avgQ4 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

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