BrightView Holdings (BV) Tops Q3 EPS by 9c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus

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Go back to BrightView Holdings (BV) Tops Q3 EPS by 9c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus

BrightView Reports Third Quarter Fiscal 2020 Results

August 5, 2020 6:00 AM EDT

Provides fourth fiscal quarter 2020 guidance of $585 million to $610 million in Total Revenue and $85 million to $89 million in Adjusted EBITDA, driven by Maintenance Services resiliency.

Strong Net cash provided by operating activities of $76.2 million and Free Cash Flow generation of $66.5 million. Total revenue of $608.1 million compared to prior year of $657.2 million. Inclusive of acquisitions, contract-based business remained at 98% of prior year. Net Loss of $2.4 million and Adjusted EBITDA of $91.0 million. Consolidated EBITDA margin of 15.0% versus 15.5% in the prior year quarter. All... More