Landscaping firm BrightView beats Q1 revenue estimates
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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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