BrightView (BV) Lowers FY25 Revenue Guidance
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BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today updated its financial guidance for fiscal year 2025.
UPDATED FISCAL YEAR 2025 GUIDANCE
Prior Guidance | Updated Guidance | |
Total Revenue | $2.75B to $2.84B | $2.68B to $2.73B |
Adjusted EBITDA | $345M to $365M | $348M to $362M |
Adjusted EBITDA Margin | +80bps to +110bps | ~ 130bps+ |
Adjusted Free Cash Flow1 | $50M to $70M | $60M to $75M |
1) Adjusted Free Cash Flow guidance assumes Net CapEx: $180M to $200M, NWC use, cash interest: $55M to $60M, cash taxes expenses: $25M - $30M | ||
| The Company is not providing quantitative reconciliations of its non-GAAP financial outlook measures to their comparable GAAP measures because certain reconciliation items are difficult to reliably predict or estimate without unreasonable effort due to their dependence on future uncertainties. | ||
BrightView continues to expect record Adjusted EBITDA and Adjusted EBITDA Margin performance while raising our outlook on Adjusted Free Cash flow generation. In the spirit of transparency, since the Company’s prior financial guidance issued on May 7, 2025, we have seen an impact resulting from the uncertain macro-economic environment.
“While we are seeing macro-economic factors impact our revenue performance, including timing delays of development projects and reduced discretionary spend, we continue to execute on our One BrightView strategy and expect continued operational efficiencies in fiscal 2025 and beyond, as reflected in our updated guidance,” said Dale Asplund, BrightView President and Chief Executive Officer. “We believe this revenue impact is timing-related and we remain committed to restoring top-line profitable growth in our Land business in the near-term, while executing against our prior commitments to deliver record Adjusted EBITDA and margins for fiscal 2025. We continue to make significant progress as we transform this business to drive long-term profitable growth and shareholder value.”
The Company’s updated financial guidance for fiscal year 2025 set forth above is based upon the following updated assumptions:
Prior Assumption | Updated Assumption | |
Maintenance Land Revenue1 | +1% to +3% excl. Non-Core | ~ (2%) to ~ flat excl. Non-Core |
Snow Revenue2 | ~$205M | ~$210M |
Development Revenue Growth | ~+3% to +6% | ~ (2%) to ~ flat |
Maintenance Margin Expansion | ~ +70 to +110bps | ~ 130bps+ |
Development Margin Expansion | ~ +60 to +100bps | ~ 100bps+ |
1) Non-Core land impact ($28M) in 1H25 from BES/USL | ||
| 2) Snow includes unwind of BES business ($33M) | ||
Third Quarter Earnings Information
The Company expects to issue a press release containing information regarding its third quarter fiscal 2025 financial results on August 6, 2025, and to host a conference call to discuss these results on August 7, 2025. Additional information will be provided to investors prior to such date.
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