What is the revenue and EPS growth rate for Brightview Holdings year over year?

What is Brightview Holdings's latest dividend and current dividend yield?

Did Brightview Holdings beat or miss consensus estimates last quarter?

What is Brightview Holdings's gross profit margin?

What were the key takeaways from Brightview Holdings's earnings call?

What guidance did Brightview Holdings's management provide for the next earnings period?

What factors drove the changes in Brightview Holdings's revenue and profit?

What were the key takeaways from Brightview Holdings’s earnings call?

- **Record EBITDA Growth**: Trailing 12-month EBITDA $344M (+15% YoY), Q3 margin 16% (140bps expansion).
- **Employee-Centric Strategy**: 40% reduction in hiring needs, $10M+ annual savings reinvested into frontline benefits.
- **Sales Force Expansion**: 60 new sellers added, targeting 1-3 years to achieve full productivity.
- **Tax Efficiency**: $20M tax savings reinvested into fleet, 0 federal taxes expected FY26.
- **Development Pipeline**: $1.2B+ 2030 backlog from 10 new development branches, 70% conversion target.
- **Customer Retention**: 82% retention rate (300bps YoY), despite 4% revenue decline.

**【CEO Summary Section】**
- Delivered highest-ever adjusted EBITDA of $113 million (Q3) and trailing 12-month EBITDA of $344 million (+15% YoY). 
- Reduced frontline employee turnover by 40% (21 months), saving $10-12 million annually in hiring/training costs.
- Customer retention rate improved to 82% (300bps YoY), driven by employee satisfaction and service quality.
- Development to maintenance conversion target raised to 70%, representing $50+ million annual recurring revenue opportunity.
- Development backlog grew by $14 million Q3, with delays due to macro factors but no loss of value.

**【CFO Financial Commentary】**
- Q3 revenue $708 million (-4% YoY) due to discretionary spending decline, but adjusted EBITDA margin expanded 140bps to 16%.
- Fleet refresh ($250M+ investment) reduced equipment costs by 30%, with core mowers now 15 months old vs. 3+ years prior.
- Centralized procurement saved 50% in safety gloves category, with similar opportunities across $100M+ G&A spend.
- Reinvested $2M/Q3 into sales force expansion (60 new sellers), with full productivity in 1-3 years.
- Free cash flow guidance $60-75 million (+27% YoY), net leverage 2.3x (down 4% YoY). 

**【Q&A Highlights】**
- **Sales Growth Strategy**: 10 new development branches planned over 24 months to leverage existing maintenance footprint.
- **Tax Savings**: $20M federal tax savings reinvested into fleet, with 0 federal taxes expected in FY26.
- **Labor Trends**: 40% reduction in hiring needs, reinvested into PTO and benefits to retain 19,000 employees.
- **Development Pipeline**: 16 states with maintenance presence but no development, creating $1.2B+ 2030 backlog opportunity.
- **Customer Dynamics**: 82% retention rate despite macro headwinds, with 300bps YoY improvement in customer loyalty.


BrightView (BV)-7 Aug 25-2025 Q3 Earnings call transcript

- **Record Q2 EBITDA**: $73.5M (+13% YoY), raising full-year guide to $355M midpoint.
- **Customer Retention Surge**: 170bps improvement driven by 50% reduction in seasonal workforce needs.
- **Fleet Efficiency**: All mowers within target age, reducing maintenance costs by 10%+.
- **Share Buyback**: $100M program launched, with $1.7M executed at $13.11 in Q2.
- **Development Momentum**: >20% conversion rate, 2026 backlog fully sold, targeting 40%+ margins.


**【CEO Opening Remarks】**
- Q2 adjusted EBITDA reached $73.5 million, a 13% YoY increase, with full-year guidance raised to $355 million midpoint.
- Emphasized transformation progress: 170bps improvement in customer retention, 50% reduction in seasonal workforce needs, and all mowers within target useful life.
- Reinvestment priorities: paid time off program for frontline employees, fleet refresh, and strategic capital allocation.

**【CFO Financial Breakdown】**
- Total revenue $663 million (+3% adj. for divestitures), core snow up $22 million (15%), development revenue +5%.
- Adjusted EBITDA margins expanded 150bps to 11.1%, with maintenance +60bps and development +410bps.
- Free cash flow $67 million (H1), CapEx $190 million record for fleet refresh.
- Net leverage 2.1x, enabling $100M share buyback program and M&A flexibility.

**【Q&A Key Takeaways】**
- **Snow Impact**: Q2 snow added $22M but limited land by $6M; 2025 snow guidance unchanged at $205M.
- **Labor Trends**: Hourly wage increases 2-3%, frontline turnover reduction driving 170bps retention improvement.
- **Discretionary Spending**: 10% of revenue (ex-snow) is enhancement work; Q2 quotes up 20% YoY, execution timing uncertain.
- **Tariffs & Macro**: Minimal direct impact; hedged 80% debt and fuel, no fleet supply chain disruptions.
- **Development Growth**: Conversion rate >20%, 2026 backlog sold ahead of schedule, targeting 40%+ EBITDA margin long-term.


BrightView Holdings, Inc. (BV) Q2 2025 Earnings Call Transcript

- **Record EBITDA Growth**: 120 basis points margin expansion in Q1, with Maintenance segment up 140 basis points.
- **Land Growth Target**: Committed to returning land business to growth in H2 2025, supported by improved employee retention and customer retention rates.
- **Strategic Investments**: Fleet upgrades (e.g., 7,500 new mowers) and flexible work schedules driving service quality and employee satisfaction.
- **Financial Strength**: Net leverage at 2.3x, with $7.5M annual savings from term-loan repricing, enabling reinvestment in growth initiatives.
- **Investor Day Roadmap**: Detailed plan for sustainable growth, including levers like procurement, technology, and centralized operations, to be shared on February 19.

**【CEO Summary Section】**
- **Strong Start to 2025**: Delivered double-digit EBITDA growth (120 basis points expansion) and improved employee turnover, driving customer retention.
- **One BrightView Strategy**: Fleet upgrades (e.g., mowers), flexible work schedules (4x10-hour days), and healthcare benefits are key to reducing turnover and improving service quality.
- **Land Growth Ambition**: Committed to returning land business to growth in the second half of 2025, with focus on customer retention and cross-selling opportunities.
- **Investor Day Preview**: Detailed roadmap for sustainable growth, including levers like procurement, technology, and centralized operations, to be shared on February 19.

**【CFO Financial Commentary】**
- **Q1 Financial Highlights**: 
  - Total revenue: $599M (modest increase vs. prior year, adjusting for BES and U.S. Lawns exits).
  - Adjusted EBITDA: $52.1M (+12% YoY), with Maintenance segment margin up 140 basis points.
  - Development segment EBITDA: $17.5M (record Q1), margin up 80 basis points.
- **Capital Allocation**: 
  - Q1 capital expenditures: highest single-quarter since IPO, reinvesting in fleet and employees.
  - Adjusted free cash flow: strong despite capex, net leverage at 2.3x (vs. 2.9x prior year).
  - Term-loan repricing: 100 basis points rate reduction, saving $7.5M annually.
- **Guidance**: Reaffirmed 2025 targets for EBITDA ($335M-$355M), revenue, and free cash flow, with focus on margin expansion and land growth.

**【Q&A Key Highlights】**
- **Land Growth Trajectory**: Management confident in returning land to growth in H2 2025, with Q1 showing sequential improvement in core land decline.
- **Margin Expansion**: 120 basis points Q1 margin expansion driven by cost savings and structural improvements; guide for 40-80 basis points annual expansion.
- **Labor Strategy**: Frontline employee tenure >5 years, with focus on benefits and fleet upgrades to reduce turnover and improve service consistency.
- **Development to Maintenance Conversion**: Mid-teens conversion rate, with focus on cross-selling and customer retention to drive ancillary revenue.
- **Snow Business**: Q1 snow revenue up $2M YoY, with focus on fixed contracts to mitigate seasonality.


BrightView Holdings, Inc. (BV) Q1 2025 Earnings Call Transcript

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