Overview

• U.S. landscaping firm's Q1 revenue grew 2.6% yr/yr, beating analyst expectations

• Adjusted EPS for Q1 missed analyst expectations

• Company repurchased 1.1 mln shares of common stock

Outlook

• BrightView reaffirms fiscal 2026 total revenue guidance at $2.670 to $2.730 bln

• Company expects fiscal 2026 adjusted EBITDA between $363 mln and $377 mln

• BrightView anticipates fiscal 2026 adjusted free cash flow of $100 to $115 mln

Result Drivers

• SNOW REMOVAL REVENUE - A $36 mln increase in snow removal services revenue significantly contributed to the overall revenue growth

• DEVELOPMENT SERVICES DECLINE - Revenue in Development Services fell 6.6% due to timing and mix of projects

• INVESTMENTS IN SALES FORCE - Increased investments in sales force affected Adjusted EBITDA margin despite revenue growth

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$614.70 mln	$589.08 mln (9 Analysts)
Q1 Adjusted EPS	Miss	-$0.01	$0.03 (6 Analysts)
Q1 Adjusted Net Income		-$2.20 mln
Q1 Net Income		-$24.20 mln
Q1 Adjusted EBITDA		$53.50 mln
Q1 Adjusted EBITDA Margin		8.70%
Q1 Capex		$48.70 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the environmental services & equipment peer group is "buy"

• Wall Street's median 12-month price target for Brightview Holdings Inc is $15.00, about 8.7% above its February 2 closing price of $13.80

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBwkzD3Sa

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