NYSE$BV

BrightView Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

BrightView reported record adjusted EBITDA for the fourth quarter.

BrightView's fourth quarter results demonstrated a strong finish to fiscal year 2024, marked by a 2.0% decrease in revenue to $728.7 million but highlighted by a 56.1% increase in net income to $25.6 million and a 3.5% increase in Adjusted EBITDA to a record $105.2 million. The company's strategic focus and operational efficiencies drove improved profitability and positioned it for continued growth in fiscal 2025.

  • Total revenue decreased 2.0% year-over-year to $728.7 million.
  • Net income increased 56.1% year-over-year to $25.6 million.
  • Adjusted EBITDA increased 3.5% year-over-year to a fourth quarter record $105.2 million.
  • Full year free cash flow increased $65.1 million year-over-year to $145.3 million.

Headline financials

Total Revenue

$729M

Previous: $744M-2.0%
EPS (adj)

$0.30

Previous: $0.19+57.9%
Capital Expenditures

$32.4M

Previous: -$13.4M+341.8%
Free Cash Flow

$21.1M

Previous: $80.2M-73.7%
Net Income

$25.6M

Previous: $16.4M+56.1%
Operating Income

$51.9M

Previous: $54.4M-4.6%
Gross Profit

$182M

Previous: $186M-1.9%
Stock-Based Comp

$5.1M

Previous: $6.4M-20.3%

Revenue & EPS history

BrightView · Revenue · Quarterly

$729M

Q4 2024-2%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

BrightView · $746M total across 2 segments · Q4 2023

  • Maintenance Services
    $521M-1.5%
  • Development Services
    $225M+13.5%

Forward guidance

BrightView anticipates continued growth in fiscal year 2025, projecting total revenue between $2.750 and $2.840 billion and Adjusted EBITDA between $335 and $355 million, alongside free cash flow of $40 to $60 million.

Tailwinds

  • Projected total revenue between $2.750 - $2.840 billion
  • Adjusted EBITDA between $335 - $355 million
  • Free Cash Flow $40 to $60 million
  • Positioned for fiscal 2025 to be a second consecutive record year
  • Multi-faceted transformation has positioned to prioritize employees and customers and reinvest in the business

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 2024

Historical avgQ4 2024

-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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