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Jun 30, 2021
BrightView Q3 2021 Earnings Report
Reported an exceptional third quarter driven by Maintenance Land organic revenue growth and Adjusted EBITDA improvement.
Key Takeaways
BrightView reported strong Q3 2021 results, with a 10.8% increase in total revenue to $673.6 million. Maintenance Land organic revenue growth was a key driver, increasing 11.7%. Net income improved to $25.2 million, and free cash flow generation remained strong.
Total revenue increased by 10.8% to $673.6 million compared to the prior year.
Maintenance Land organic revenue grew by 11.7%.
Net income was $25.2 million, a significant improvement from the prior year's net loss of $2.4 million.
Free Cash Flow generation was $37.3 million.
Revenue by Segment
Forward Guidance
BrightView provided guidance for the fourth quarter and full year fiscal 2021.
Positive Outlook
- Fourth Quarter Total Revenue of $640 - $660 million
- Fourth Quarter Adjusted EBITDA of $89 - $93 million
- Full Year Total Revenue of $2,520 - $2,540 million
- Full Year Adjusted EBITDA of $302 - $306 million
- Sustain Maintenance Land organic growth of more than 5% in the fourth quarter
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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