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Mar 31, 2021
BrightView Q2 2021 Earnings Report
Reported an exceptional quarter with continued strong performance driven by growth in annual contract snow business and continued improvement in Maintenance Land organic growth.
Key Takeaways
BrightView reported a strong second quarter for fiscal year 2021, with total revenue increasing by 16.6% to $651.9 million. Net income was $6.3 million, a significant improvement compared to the prior year's net loss of $20.5 million. Adjusted EBITDA also saw a substantial increase of 71.7% to $66.8 million.
Total revenue increased by 16.6% to $651.9 million compared to the prior year.
Net income was $6.3 million, a significant improvement from the prior year's net loss of $20.5 million.
Adjusted EBITDA increased by 71.7% to $66.8 million compared to the prior year.
Maintenance revenue increased by 29.6% to $535.7 million, driven by a substantial increase in snow removal services.
BrightView
BrightView
BrightView Revenue by Segment
Revenue by Segment
Maintenance Services Revenue
CapyFin.comDevelopment Services Revenue
CapyFin.com Forward Guidance
BrightView provided guidance for the third quarter and full year fiscal 2021.
Positive Outlook
- Third Quarter Total Revenue of $640 - $660 million
- Third Quarter Adjusted EBITDA of $91 - $95 million.
- Full Year Total Revenue of $2,485 - $2,525 million
- Full Year Adjusted EBITDA of $302 - $310 million.
- Expected Maintenance Land organic growth of more than 4% in the second half of the fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income