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Sep 30, 2021
BrightView Q4 2021 Earnings Report
BrightView's Q4 2021 results were reported, showing revenue increase and a shift to net income.
Key Takeaways
BrightView reported a strong fourth quarter with a 10.8% increase in total revenue, driven by Maintenance Services. The company saw a significant improvement in net income, shifting from a net loss in the prior year. Adjusted EBITDA remained relatively flat, with growth in Maintenance Services offset by a decrease in Development Services.
Total revenue increased by 10.8% to $673.7 million.
Maintenance Land organic revenue growth was 9.2%.
Net income improved to $26.8 million, compared to a net loss of $6.1 million in the prior year.
Adjusted EBITDA was $89.5 million, slightly down from $90.0 million in the prior year.
Revenue by Segment
Forward Guidance
The company provides first quarter fiscal 2022 guidance of $570 million to $600 million in Total Revenue and $44 million to $52 million in Adjusted EBITDA. Expects continued solid momentum in the Maintenance Services Segment; headwinds in the Development Services Segment. Fiscal 2022 financial guidance will be issued in May of 2022 concurrent with our second quarter fiscal 2022 results, post our snow season.
Positive Outlook
- Continued solid momentum expected in the Maintenance Services Segment.
Challenges Ahead
- Headwinds expected in the Development Services Segment.
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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