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Jun 30, 2023
BrightView Q3 2023 Earnings Report
Reported solid third quarter results with topline growth, meaningful margin expansion, and continued improvement in free cash flow.
Key Takeaways
BrightView reported a 2.5% increase in total revenue year-over-year to $766.0 million. Net income increased by 55.6% to $16.8 million, and Adjusted EBITDA increased by 8.0% to $101.8 million. The company is focused on operational excellence and strategic initiatives to drive value creation and shareholder return.
Total revenue increased 2.5% year-over-year to $766.0 million.
Net income increased 55.6% year-over-year to $16.8 million, reflecting an 80-basis point expansion in Net income margin.
Adjusted EBITDA increased 8.0% to $101.8 million, with Adjusted EBITDA margin expansion of 70-basis points.
Year-to-date free cash inflow was $38.2 million, an increase of $55.2 million compared to an outflow of $17.0 million in the prior year.
Revenue by Segment
Forward Guidance
The Company provides fourth quarter and full year fiscal 2023 guidance.
Positive Outlook
- Fourth Quarter Total Revenue of $730 - $750 million.
- Fourth Quarter Adjusted EBITDA of $98 - $102 million.
- Full Year Total Revenue of $2.80 - $2.82 billion.
- Full Year Adjusted EBITDA of $295 - $300 million.
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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