BrightView Holdings (BV) Misses Q4 EPS by 17c; Offers FY24 Revenue Guidance
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BrightView Reports Fourth Quarter and Full Year Fiscal 2023 Results
November 16, 2023 6:15 AM ESTFourth quarter total revenue increased 2.8% year-over-year to a fourth quarter record $743.7 million. Fourth quarter net income increased 7.2% year-over-year to $16.4 million; Net income margin expanded by 10 basis points. Fourth quarter Adjusted EBITDA increased 11.3% year-over-year to a fourth quarter record $101.6 million; Adjusted EBITDA margin expanded by 110 basis points. Full year net cash provided by operating activities increased 35.9% year-over-year to $129.9 million. Full year free cash flow increased $73.5 million year-over-year to $80.2 million. Reduced full year Total Net Financial Debt to Adjusted EBITDA ratio to 2.9x compared to 4.8x in the prior... More
