BrightView Holdings (NYSE: BV) reported Q4 EPS of $0.35, $0.06 better than the analyst estimate of $0.29. Revenue for the quarter came in at $581.8 million versus the consensus estimate of $586.47 million.

• Total revenues for the quarter increased 2.6% versus the prior year quarter, totaling $581.8 million, with 3.5% higher Maintenance Services Segment revenues and flat Development Services Segment revenues;
• Net loss of $10.9 million, or ($0.11) per share, compared to net income of $0.4 million in the prior year quarter;
• Adjusted EBITDA increased 5.6% to $84.2 million, with a 40 bps Adjusted EBITDA margin improvement to 14.5%;
• Adjusted Net Income increased 48.2% to $35.8 million, or $0.35 per share;
• Extended and amended the Company’s long-term Credit Facilities.

“I am very pleased with the progress we made last year to support sustainable topline growth, capture efficiencies in our cost structure and generate substantial adjusted free cash flow. We delivered the highest revenue and profitability in our history, meaningfully reduced our balance sheet leverage, and successfully completed our IPO. Moving forward now as a public company, we will remain focused on growing our existing customer relationships, continuing our \'strong on strong’ acquisition strategy, and driving further cash flow generation,” said Andrew Masterman, BrightView Chief Executive Officer. “As we begin our 2019 fiscal year, industry trends remain favorable, our acquisition pipeline is strong, and I am confident that we have the right strategy in place to create significant stockholder value as we continue consolidating our position as the Nation’s Landscaper.”

GUIDANCE:

BrightView Holdings sees FY2019 revenue of $2.4-2.47 billion, versus the consensus of $2.43 billion.

For earnings history and earnings-related data on BrightView Holdings (BV) click here.