BrightView Holdings, Inc., the leading commercial landscaping services company in the United States, today updated its financial guidance for fiscal year 2025.

BrightView continues to expect record Adjusted EBITDA and Adjusted EBITDA Margin performance while raising our outlook on Adjusted Free Cash flow generation. In the spirit of transparency, since the Company’s prior financial guidance issued on May 7, 2025, we have seen an impact resulting from the uncertain macroeconomic environment.

Read the full update here.

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, announced today that the Company’s Board of Directors has declared a cash dividend of $8.9 million on its Series A Preferred Stock. The dividend represents payment for the period from March 31, 2025, to June 30, 2025, and will be paid on July 1, 2025, to holders of record as of June 15, 2025. Today’s dividend announcement marks the sixth consecutive quarterly cash payment made possible by the Company’s continued balance sheet flexibility and commitment to avoid the dilutive impact caused by payment in kind.

On August 28, 2023, BrightView issued and sold an aggregate of 500,000 shares of its Series A Convertible Preferred Stock for an aggregate purchase price of $500 million. The Series A Preferred Stock is convertible into shares of BrightView common stock at a conversion price of $9.44 per share. Holders of the Series A Preferred Stock are entitled to a dividend at the rate of 7.0% per annum, compounding quarterly, paid in kind, or paid in cash, at the Company’s election.

BrightView Holdings, Inc. (NYSE: BV) (“BrightView”) today announced the pricing of an underwritten secondary offering by a selling stockholder affiliated with KKR & Co. Inc. (the “Selling Stockholder”) of 11,600,000 shares of common stock of BrightView pursuant to a registration statement filed by BrightView with the U.S. Securities and Exchange Commission (the “SEC”). No shares are being sold by BrightView. The Selling Stockholder will receive all of the proceeds from this offering. The offering is expected to close on June 6, 2025, subject to customary closing conditions. The size of the offering reflects an increase from the 10,000,000 shares of common stock originally proposed to be sold.

KKR Capital Markets, Craig-Hallum, BTIG, Morgan Stanley and Loop Capital Markets are acting as the active joint book-running managers for the offering. Baird, William Blair and CJS Securities are acting as the passive bookrunners for the offering. Oppenheimer & Co., MFR Securities, Inc., Penserra Securities LLC, American Veterans Group, PBC, Quoin Capital LLC, Telsey Advisory Group, Cabrera Capital Markets LLC, Bancroft Capital and Siebert Williams Shank are acting as the co-managers for the offering.

A registration statement relating to these securities has been filed with the SEC and has become effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of these securities will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus and accompanying prospectus for the offering may be obtained from: KKR Capital Markets LLC, by telephone at (212) 750-8300 or by email to [email protected]; Craig-Hallum, 323 North Washington Avenue, Suite 300, Minneapolis, Minnesota 55401, Attn: Equity Capital Markets, by telephone at (612) 334-6300 or by e-mail at [email protected]; BTIG, LLC, 350 Bush Street, 9^th Floor, San Francisco, California 94104, Attn: Syndicate Department, by telephone at (415) 248-2200 or by email at [email protected]; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Loop Capital Markets, 435 South Financial Place, Suite 2700, Chicago, Illinois 60607, or by email at [email protected]. You may also obtain these and the other documents referred to above for free by visiting the SEC’s website at www.sec.gov. 

Forward Looking Statements

This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” and variations of such words or similar expressions. Forward-looking statements are based on BrightView’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements can be found under the caption “Risk Factors” in BrightView’s annual report on Form 10-K for the year ended September 30, 2024, as filed with the SEC, as such risk factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website on www.sec.gov. Any forward-looking statement in this release speaks only as of the date of this release. BrightView undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

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 second quarter ended March 31, 2025.

“We’re making strong progress in implementing our One BrightView strategy – reflected in our continued improvements in employee turnover and customer retention – and building towards core land growth,” said Dale Asplund, BrightView President and Chief Executive Officer. “Our sustained success, driven by our cultural transformation, record Adjusted EBITDA, and fortified balance sheet has enabled us to raise our 2025 EBITDA, margin, and free cash flow guidance while returning capital to our shareholders via repurchased shares – all key steps in driving profitable growth and long-term shareholder value.”

Read the full report here.

• Anticipates Opportunistic Share Repurchases
• Use of Open Market Repurchase Transactions
• No Expected Expiration with Anticipated Spend Near and Long Term

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, announced today that its Board of Directors has authorized a share repurchase program totaling $100 million. The repurchase program allows for ongoing investment in the business, while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases.

“As part of our continued focus on strategically allocating capital and driving shareholder value, we are pleased to announce this new share repurchase program,” said BrightView President and Chief Executive Officer Dale Asplund. “The strength in our balance sheet, coupled with our current valuation and unwavering commitment to drive sustainable and long-term profitable growth, gives us the confidence to reinstitute our share repurchase program and return capital to shareholders in a disciplined and opportunistic manner.” 

Any repurchases will be made at management’s discretion and may be through a variety of methods, such as open-market transactions (including pre-set trading plans), accelerated share repurchases, and other transactions in accordance with applicable securities laws. The Company anticipates repurchase activities to occur over an extended period of time, potentially in its second fiscal quarter and in future fiscal years. The program has no time limit. The share repurchase authorization does not obligate the Company to acquire any particular amount of common stock and can be discontinued at any time. 

Forward Looking Statements

This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “believes” and “expects.” Forward-looking statements are based on BrightView’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, BrightView’s ability to effect repurchases under the newly authorized share repurchase program due to changes in stock price, corporate or other economic or market conditions; the timing, manner and volume of repurchases of common shares pursuant to the repurchase program, and the factors that can be found under the caption “Risk Factors” in our most recent annual report on Form 10-K filed with the SEC, as such risk factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website on www.sec.gov. Any forward-looking statement in this release speaks only as of the date of this release. BrightView undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, announced today that the Company’s Board of Directors has declared a cash dividend of $8.8 million on its Series A Preferred Stock. The dividend represents payment for the period from December 31, 2024 to March 30, 2025, and will be paid on April 1, 2025 to holders of record as of March 15, 2025. Today’s dividend announcement marks the fifth consecutive quarterly cash payment made possible by the Company’s continued balance sheet flexibility and commitment to avoid the dilutive impact caused by payment in kind.

On August 28, 2023, BrightView issued and sold an aggregate of 500,000 shares of its Series A Convertible Preferred Stock for an aggregate purchase price of $500 million. The Series A Preferred Stock is convertible into shares of BrightView common stock at a conversion price of $9.44 per share. Holders of the Series A Preferred Stock are entitled to a dividend at the rate of 7.0% per annum, compounding quarterly, paid in kind, or paid in cash, at the Company’s election.

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 first quarter ended December 31, 2024.

"We are off to a strong start to the fiscal year, fueled by the growing momentum of our evolving One BrightView culture,” said BrightView President and Chief Executive Officer Dale Asplund. “Our strong first quarter results position us to achieve our second consecutive full-year EBITDA record, while continuing to prioritize our employees and putting the customer at the center of everything we do. We are doing this while maintaining a continued focus on cash flow and our balance sheet, as evidenced by our recent term loan refinancing, which allows us to continue to reinvest in the business, explore acquisitions, and pave the way for sustainable, profitable growth.”

Read the full report here.

BrightView Holdings, Inc. (NYSE: BV) (“Company”) today announced that it has successfully completed a repricing of its $738,000,000 senior secured term loan due 2029. The repricing reduces the applicable interest rate on the Term Loan to Term SOFR plus 2.00%, down from the previous Term SOFR plus 2.50%. All other terms remain substantially unchanged. Coupled with the repricing from May 2024, the Company estimates that repricing the Term Loan will produce cash interest expense savings of approximately $7.5 million annually and approximately $35 million through maturity.

“We repriced our term loan in May 2024 and, again, we executed a repricing this week. Opportunistically managing the balance sheet and continuing to push costs down creates flexibility and drives our commitment to profitable growth,” said Brett Urban, BrightView Chief Financial Officer.

Forward Looking Statements

This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” and variations of such words or similar expressions. Forward-looking statements are based on BrightView’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements can be found under the caption “Risk Factors” in BrightView’s annual report on Form 10-K for the year ended September 30, 2024, as filed with the SEC, as such risk factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website on www.sec.gov. Any forward-looking statement in this release speaks only as of the date of this release. BrightView undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, announced today that the Company’s Board of Directors has declared a cash dividend of $9.0 million on its Series A Preferred Stock. The dividend represents payment for the period from September 30, 2024 to December 30, 2024, and will be paid on January 2, 2025 to holders of record as of December 15, 2024. Today’s dividend announcement marks the fourth consecutive quarterly cash payment made possible by the Company’s continued balance sheet flexibility and commitment to avoid the dilutive impact caused by payment in kind.

On August 28, 2023, BrightView issued and sold an aggregate of 500,000 shares of its Series A Convertible Preferred Stock for an aggregate purchase price of $500 million. The Series A Preferred Stock is convertible into shares of BrightView common stock at a conversion price of $9.44 per share. Holders of the Series A Preferred Stock are entitled to a dividend at the rate of 7.0% per annum, compounding quarterly, paid in kind, or paid in cash, at the Company’s election.

BrightView Holdings, Inc., the leading commercial landscaping services company in the United States, will host an Investor Day in New York City on Wednesday, February 19, 2025. 

Dale Asplund, President and Chief Executive Officer, will be joined by other members of the executive management team to present a comprehensive review of BrightView’s long-term strategy and financial objectives. The event, which will also be accessible at investor.brightview.com, will feature formal presentations as well as Q&A with senior leadership.

“We are excited to share an update on our journey toward sustainable profitable growth, including our strategic priorities, key initiatives, and financial targets,” said Asplund.  “Our unwavering commitment to prioritizing our employees and customers will position us as the service provider of choice, driving long-term, sustainable growth, while delivering ongoing value to our shareholders.” 

Additional details for the event will be available here and on BrightView’s investor website as the event date approaches.