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Sep 30, 2024
BrightView Q4 2024 Earnings Report
BrightView reported record adjusted EBITDA for the fourth quarter.
Key Takeaways
BrightView's fourth quarter results demonstrated a strong finish to fiscal year 2024, marked by a 2.0% decrease in revenue to $728.7 million but highlighted by a 56.1% increase in net income to $25.6 million and a 3.5% increase in Adjusted EBITDA to a record $105.2 million. The company's strategic focus and operational efficiencies drove improved profitability and positioned it for continued growth in fiscal 2025.
Total revenue decreased 2.0% year-over-year to $728.7 million.
Net income increased 56.1% year-over-year to $25.6 million.
Adjusted EBITDA increased 3.5% year-over-year to a fourth quarter record $105.2 million.
Full year free cash flow increased $65.1 million year-over-year to $145.3 million.
Revenue by Segment
Forward Guidance
BrightView anticipates continued growth in fiscal year 2025, projecting total revenue between $2.750 and $2.840 billion and Adjusted EBITDA between $335 and $355 million, alongside free cash flow of $40 to $60 million.
Positive Outlook
- Projected total revenue between $2.750 - $2.840 billion
- Adjusted EBITDA between $335 - $355 million
- Free Cash Flow $40 to $60 million
- Positioned for fiscal 2025 to be a second consecutive record year
- Multi-faceted transformation has positioned to prioritize employees and customers and reinvest in the business
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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