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Dec 31, 2023
BrightView Q1 2024 Earnings Report
BrightView reported first quarter fiscal 2024 results, reaffirmed 2024 guidance, and announced the sale of non-core business.
Key Takeaways
BrightView's first quarter fiscal 2024 saw a 4.5% decrease in total revenue to $626.7 million, but the company achieved a 13.2% decrease in net loss to $16.4 million and an adjusted EBITDA decrease of 3.9% to $46.7 million. The company reaffirmed its fiscal year 2024 guidance.
Total revenue decreased 4.5% year-over-year to $626.7 million.
Net loss decreased 13.2% year-over-year to $16.4 million, reflecting a 30-basis point improvement in net loss margin.
Adjusted EBITDA decreased 3.9% to $46.7 million, with adjusted EBITDA margin expansion of 10-basis points.
Free cash inflow of $17.3 million, an increase of $72.7 million compared to an outflow of $55.4 million in the prior year.
Revenue by Segment
Forward Guidance
The company reaffirmed its fiscal year 2024 guidance.
Positive Outlook
- Total Revenue $2.825 - $2.975 billion
- Adjusted EBITDA $310 - $340 million
- Free Cash Flow $45 - $75 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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