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Dec 31, 2022
BrightView Q1 2023 Earnings Report
Reported a strong first quarter, underpinned by robust organic revenue growth across both segments, acquisition benefits, disciplined cost management.
Key Takeaways
BrightView reported a strong first quarter with a 10.8% increase in total revenue to $655.9 million, driven by organic growth and acquisitions. Adjusted EBITDA increased by 14.1% to $48.6 million. Net loss was $18.9 million compared to a net loss of $12.8 million in the prior year period.
Total revenue of $655.9 million, reflects year-over-year growth of 10.8%, including 5.5% total organic growth.
Maintenance organic revenue growth of 1.5%, seventh consecutive quarter of land organic growth.
Development organic revenue growth of 5.9%, reflecting continuation of solid growth.
Adjusted EBITDA of $48.6 million, reflects a 20-basis point Adjusted EBITDA margin expansion and year-over-year growth of 14.1%.
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 guidance with Total Revenue of $610 - $650 million, and Adjusted EBITDA of $33 - $43 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income