BLUE BELL, Pa.--(BUSINESS WIRE)-- 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, 2021.

“We are pleased with Maintenance Land revenue growth of 11.0% and Land organic revenue growth of 7.3%. Combined with the results of BrightView’s strong-on-strong acquisition strategy, and the benefits of the investments we are making in our expanded sales team and sales enablement technologies, we realized continued healthy growth in spite of continued pandemic impacts,” said Andrew Masterman, BrightView President and Chief Executive Officer. “Increased land revenue delivered $3.2 million improved EBITDA, driven by 7.3% organic growth, giving optimism for future quarters that our teams are executing despite significant labor and material inflationary pressures. Historically low snowfall totals across our geographic footprint and material cost inflation impacted the quarter, but the fundamentals of our business and industry remain vibrant and we continue to have a resilient business model. During the quarter we authorized a $250 million share repurchase program and in January completed the repurchase of approximately $82.5 million of BrightView shares. Additionally, continued positive net new sales in our Maintenance Segment and robust backlogs and proactive initiatives to offset inflation in our Development Segment are why I am confident in our ability to deliver continued profitable growth.”

Read the full report here.

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Performance Landscapes, a commercial landscaping company headquartered in Honolulu, Hawaii. Terms of the transaction were not disclosed.

Formed in 2002, Performance Landscapes provides landscape maintenance, irrigation, enhancement, installation, arbor care, and pest control services. The company has more than 100 trained and qualified landscape employees who serve clients across the Home Owner Association, High-End Residential, Commercial, and Private Military Housing market segments.

“Hawaii’s landscapes are renowned for their beauty and cultural significance, something we came to appreciate through our Development Services team’s work in Hawaii,” said Andrew Masterman, BrightView President and Chief Executive Officer. “BrightView is excited to add maintenance services to its existing Development capabilities on the islands.”

BrightView Development Services has been a licensed landscape and irrigation contractor in Hawaii since 2008. In addition to renovating the Hualalai Four Seasons in Kona following a tsunami in 2011, BrightView also restored the irrigation system for the Hilton Waikoloa Village and Resort, and performed landscape architecture work at the Four Seasons Maui.

“Performance Landscapes has as high a level of professionalism, training, and safety awareness as any of the top landscaping companies across the U.S. We are excited to welcome their entire team to the BrightView family, and I look forward to working with them for many years to come,” Masterman said.

Performance founders Matt Lyum and Benny Abrigado as well as their senior leadership team will remain with BrightView to guide the integration process and provide leadership continuity:

“Performance Landscapes has had the great fortune to find amazing employees, customers, and vendors. Joining with BrightView was the logical next step for us. In addition to sharing best practices and leveraging industry-leading resources, I am excited by the new growth opportunities for our staff, and enhanced services for our customers.”

BrightView Holdings, Inc. (NYSE: BV) will hold its first quarter fiscal year 2022 earnings conference call on February 3, 2022 at 10 a.m. EST. A press release detailing the Company’s first quarter fiscal year 2022 results will be issued prior to the call. Instructions to join the conference call are provided below:

BrightView President and Chief Executive Officer Andrew Masterman, together with Executive Vice President and Chief Financial Officer John Feenan, will host the conference call and webcast. The news release, earnings presentation and live webcast will also be accessible on the company's investor website.

BrightView Holdings, Inc. (NYSE: BV) today announced that it has entered into an agreement to repurchase 5.9 million shares of BrightView common stock from MSD Partners and affiliates at a purchase price of $13.98 per share, representing a 2 percent discount from the NYSE official closing price of BrightView common stock on December 7, 2021. The repurchase represents half of MSD Partners’ current equity investment in BrightView.

The total purchase price for the shares will be approximately $82.5 million and will be funded from cash and cash equivalents on hand, as well as borrowings under the Company’s credit facilities. The transaction is subject to customary closing conditions and expected to be completed in January 2022. Giving effect to the repurchase, MSD Partners would own approximately 5.9 million of BrightView’s 99.3 million outstanding shares.

The repurchase announced today was made in connection with BrightView’s share repurchase program announced December 6, 2021.

BrightView Holdings, Inc. (NYSE: BV) (“BrightView”) today announced that its Board of Directors has authorized a share repurchase program totaling $250 million. The repurchase program is effective immediately and allows for ongoing and profitable investment in the business while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases.

Repurchases will be made at management’s discretion through a variety of methods, such as open-market transactions (including pre-set trading plans), privately negotiated transactions, accelerated share repurchases, and other transactions in accordance with applicable securities laws. 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. Repurchases will be made using the Company’s cash resources and there can be no assurance as to the timing or number of shares of any repurchases.

The share repurchase authorization announced today does not affect BrightView’s previously stated and ongoing mergers and acquisitions strategy. BrightView has acquired 29 landscape services companies across the U.S. since 2017.

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 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 “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.

BrightView Holdings, Inc. (NYSE: BV) announced today that it will hold its fourth quarter and fiscal year 2021 earnings conference call on November 17, 2021 at 10 a.m. EST. A press release detailing the Company’s fourth quarter and fiscal year 2021 results will be issued prior to the call. The information to join the earnings conference call is below:

BrightView President and Chief Executive Officer Andrew Masterman, together with Executive Vice President and Chief Financial Officer John Feenan, will host the conference call and webcast. The news release, earnings presentation and live webcast of the conference will also be accessible on the company's investor website.

BrightView Holdings, Inc. (NYSE:BV) will host its 2021 Virtual Investor Day event on Tuesday, September 21, 2021 starting at 9 a.m. EDT. BrightView President and Chief Executive Officer, Andrew Masterman, together with Executive Vice President and Chief Financial Officer John Feenan, will host the event. Program highlights include sessions led by the following key executives:

• Todd Chambers – Executive Vice President and Chief Marketing Officer
• Brian Bruce – Executive Vice President and Chief Information Officer
• Jamie Gollotto – President, Maintenance Services (Seasonal)
• Tom Donnelly – President, Development Services
• Amanda Orders – Executive Vice President and Chief Human Resources Officer
• Brett Urban – Senior Vice President, Finance

Event Webcast Details:

The company will webcast its Investor Day live which can be accessed through the website link below or by phone at the following number:

Participants are encouraged to pre-register at BrightView Investor Day 2021 and log in to the webcast as the primary listening and viewing source. Participants will have opportunities to ask questions using the conference call dial-in numbers.

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 third quarter ended June 30, 2021.

“We are very pleased with an exceptional quarter driven by Maintenance Land organic revenue growth of 11.7%, which was the strongest since our 2018 IPO. Our return to positive organic growth is again a testament to the investments made in our expanded sales teams and sales enablement technologies, and underpins our Adjusted EBITDA improvement. Free Cash Flow generation remained strong, funding our acquisition strategy, which continues to be a reliable and sustainable source of revenue growth” said Andrew Masterman, BrightView President and Chief Executive Officer. “Following a strong first half of fiscal 2021, our talented and seasoned teams continued to overcome labor headwinds, job delays and supply chain challenges to deliver even stronger results in the third quarter. Overall, I am pleased as we continue to successfully execute our strategy and gain strength as a company. I could not be prouder of our 20,000 plus team members or more confident about our future and ability to deliver superior results to all stakeholders.”

Read the full report here.

BrightView Holdings, Inc. (NYSE: BV) announced today that it will hold its third quarter fiscal 2021 earnings conference call on August 5, 2021 at 10 a.m. EDT. A press release detailing the Company's results will be issued prior to the call. The information to join the earnings conference call is as follows:

BrightView President and Chief Executive Officer Andrew Masterman, together with Executive Vice President and Chief Financial Officer John Feenan, will host the conference call and webcast. The press release, earnings presentation and live webcast will also be accessible on the company's investor website.