BrightView Q3 Revenue Falls Short of Estimates

BrightView Holdings reported Q3 revenue of $708.3M, missing estimates of $719.5M. The company also posted adjusted EPS of $0.30 per share, below the estimated $0.34 per share. BrightView lowered its fiscal 2025 revenue outlook.

BrightView Holdings, Inc. (NYSE: BV) reported its third-quarter fiscal 2025 earnings on August 6, 2025. The company posted unaudited results that missed analysts' expectations, with revenue of $708.3 million falling short of the estimated $719.5 million [1]. Additionally, the company reported adjusted earnings per share (EPS) of $0.30, which was below the estimated $0.34 per share [1].

The company's revenue decreased by 4.1% year-over-year to $708.3 million, driven by a $13.7 million decrease in development services revenue due to timing delays in projects and a $13.3 million decrease in commercial landscaping services [2]. Despite the revenue decline, BrightView's net income increased by $8.8 million year-over-year to $32.3 million, and its adjusted EBITDA margin expanded by 140 basis points to 12.2% [2].

BrightView also lowered its fiscal 2025 revenue outlook, citing strategic reductions of non-core businesses and a decline in commercial landscaping services. The company expects net service revenues to decrease by 3.4% year-over-year for the nine months ended June 30, 2025 [2].

BrightView's adjusted free cash flow decreased by $94.4 million to $25.8 million for the nine months ended June 30, 2025, driven by an increase in cash used for capital expenditures, partially offset by an increase in net cash provided by operating activities [2]. The company's total net financial debt increased to $797.7 million as of June 30, 2025, with a debt-to-adjusted EBITDA ratio of 2.3x [2].

A conference call to discuss the third-quarter fiscal 2025 financial results is scheduled for August 7, 2025, at 8:30 a.m. EDT. The U.S. toll-free dial-in for the conference call is (800) 274-8461 and the international dial-in is +1 (203) 518-9814. The Conference Access Code is BRIGHT [2].

References:
[1] https://www.marketscreener.com/news/earnings-flash-bv-brightview-holdings-inc-posts-q3-adjusted-eps-0-30-per-share-vs-factset-est-ce7c5ededb81f422
[2] https://finance.yahoo.com/news/brightview-posts-third-quarter-fiscal-201000099.html