Overview
BrightView Q3 fiscal 2025 revenue falls 4.1%, missing analyst expectations
Net income rises $8.8 mln to $32.3 mln, driven by margin expansion
Adjusted EBITDA increases 4.9% to $113.2 mln, reflecting cost management
The provider of commercial landscape and snow services reaffirms full-year guidance
Outlook
BrightView reaffirms FY25 revenue guidance of $2.68 bln to $2.73 bln
Company expects FY25 adjusted EBITDA of $348 mln to $362 mln
BrightView projects FY25 adjusted free cash flow of $60 mln to $75 mln
Result Drivers
REVENUE DECLINE - Driven by timing delays in development projects and decline in commercial landscaping services
COST MANAGEMENT - Increased adjusted EBITDA margin due to reduced vehicle, equipment, and personnel costs
STRATEGIC REDUCTIONS - Revenue impacted by strategic reductions of non-core businesses
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$708.30 mln
$725.40 mln (8 Analysts)
Q3 Adjusted EPS
Miss
$0.3
$0.34 (9 Analysts)
Q3 Adjusted Net Income
$45.50 mln
Q3 Net Income
$32.30 mln
Q3 Adjusted EBITDA
$113.20 mln
Q3 Adjusted EBITDA Margin
16.0%
Q3 Capex
$98.30 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Brightview Holdings Inc is $20.00, about 19.4% above its August 5 closing price of $16.12
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nBw9PlcDba
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)