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Sep 30, 2023
BrightView Q4 2023 Earnings Report
BrightView's Q4 2023 results reflected growth in revenue, EBITDA, and cash flow, with successful execution on key initiatives including deleveraging the balance sheet and prioritizing profitable growth.
Key Takeaways
BrightView reported a 2.8% increase in total revenue to a record $743.7 million for the fourth quarter of fiscal year 2023. Net income increased by 7.2% to $16.4 million, and Adjusted EBITDA increased by 11.3% to $101.6 million.
Total revenue increased 2.8% year-over-year to a fourth quarter record $743.7 million.
Net income increased 7.2% year-over-year to $16.4 million; Net income margin expanded by 10 basis points.
Adjusted EBITDA increased 11.3% year-over-year to a fourth quarter record $101.6 million; Adjusted EBITDA margin expanded by 110 basis points.
Full year free cash flow increased $73.5 million year-over-year to $80.2 million.
Revenue by Segment
Forward Guidance
The company provides fiscal year 2024 guidance with total revenue of $2.825 - $2.975 million and Adjusted EBITDA of $310 - $340 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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