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Dec 31, 2021
BrightView Q1 2022 Earnings Report
Reported an increase in total revenue and a net loss compared to the previous year.
Key Takeaways
BrightView reported a 6.7% increase in total revenue to $591.8 million, driven by growth in both Maintenance and Development Services. However, the company experienced a net loss of $12.8 million, slightly higher than the previous year's $12.0 million. Adjusted EBITDA decreased by 18.7% to $42.6 million.
Total revenue increased by 6.7% to $591.8 million compared to the prior year.
Maintenance revenue grew by 4.8% to $438.2 million, with Land revenue up 11.0%.
Development revenue increased by 12.6% to $154.7 million.
Net loss was $12.8 million, compared to a net loss of $12.0 million in the prior year.
BrightView
BrightView
BrightView Revenue by Segment
Revenue by Segment
Maintenance Services Revenue
CapyFin.comDevelopment Services Revenue
CapyFin.com Forward Guidance
The company provides second quarter fiscal 2022 guidance of $620 million to $680 million in Total Revenue and $50 million to $60 million in Adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income