BrightView Reports Fourth Quarter and Full Year Fiscal 2021 Results
BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today reported unaudited results for the fourth quarter and audited results for the full fiscal year ended September 30, 2021.
“We are very pleased with a strong quarter driven by Maintenance Land organic revenue growth of 9.2% and record full year revenues for the Company approaching $2.6 billion. Net new sales in fiscal Q4 were the highest ever fourth quarter for BrightView since going public. Our fourth quarter and full year results highlight the continued resiliency of our contract-based business, reflect the positive underlying trends of our strong-on-strong acquisition strategy, and the benefits of the investments we are making in our expanded sales team and sales enablement technologies. Our recurring revenue model drives profitable top line growth which delivers strong cash generation and liquidity,” said Andrew Masterman, BrightView President and Chief Executive Officer. "As I look back on the last year, it is remarkable how much we persevered and have accomplished. Ultimately, the basis of our success is our people who continue to navigate challenging circumstances and remain dedicated to professional excellence. Our people, their performance, and their intense customer focus is why I am confident in our ability to deliver continued profitable growth.”
Read the full report here.
About BrightView:
BrightView (NYSE: BV), the nation’s largest commercial landscaper, proudly designs, creates, and maintains the best landscapes on Earth and provides the most efficient and comprehensive snow and ice removal services. With a dependable service commitment, BrightView brings brilliant landscapes to life at premier properties across the United States, including business parks and corporate offices, homeowners' associations, healthcare facilities, educational institutions, retail centers, resorts and theme parks, municipalities, golf courses, and sports venues. BrightView also serves as Major League Baseball Field Consultant. Through industry-leading best practices and sustainable solutions, BrightView is invested in taking care of our team members, engaging our clients, inspiring our communities, and preserving our planet. Visit www.BrightView.com and connect with us on X, Facebook, and LinkedIn.
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