Landscaping firm BrightView beats Q1 revenue estimates

BrightView Holdings

03/02/2026 21:19

Overview

U.S. landscaping firm's Q1 revenue grew 2.6% yr/yr, beating analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company repurchased 1.1 mln shares of common stock

Outlook

BrightView reaffirms fiscal 2026 total revenue guidance at $2.670 to $2.730 bln

Company expects fiscal 2026 adjusted EBITDA between $363 mln and $377 mln

BrightView anticipates fiscal 2026 adjusted free cash flow of $100 to $115 mln

Result Drivers

SNOW REMOVAL REVENUE - A $36 mln increase in snow removal services revenue significantly contributed to the overall revenue growth

DEVELOPMENT SERVICES DECLINE - Revenue in Development Services fell 6.6% due to timing and mix of projects

INVESTMENTS IN SALES FORCE - Increased investments in sales force affected Adjusted EBITDA margin despite revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$614.70 mln
$589.08 mln (9 Analysts)
Q1 Adjusted EPS
Miss
-$0.01
$0.03 (6 Analysts)
Q1 Adjusted Net Income
-$2.20 mln
Q1 Net Income
-$24.20 mln
Q1 Adjusted EBITDA
$53.50 mln
Q1 Adjusted EBITDA Margin
8.70%
Q1 Capex
$48.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 $15.00, about 8.7% above its February 2 closing price of $13.80

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBwkzD3Sa

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(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.)