Quarterly ResultMay 5, 2026, 04:19 PM
BrightView Q2 Revenue +6.1% to $702.9M; Raises FY26 Revenue Guidance
AI Summary
BrightView Holdings reported a 6.1% year-over-year increase in net service revenues to $702.9 million for Q2 Fiscal 2026, driven by strong snow removal and land maintenance revenue growth. Adjusted EBITDA reached a record $79.1 million, up 7.6%. Despite revenue growth, net income decreased by $4.7 million to $1.7 million. The company also raised its full-year 2026 total and land maintenance revenue guidance. Additionally, BrightView repriced and extended its revolving credit facility through April 22, 2031, and repurchased 1.1 million shares of common stock.
Key Highlights
- Net service revenues increased 6.1% year-over-year to $702.9 million in Q2 FY26.
- Land maintenance revenue grew 4.0% year-over-year, marking the first increase since Q3 2023.
- Adjusted EBITDA increased 7.6% year-over-year to a record $79.1 million for the quarter.
- Net income decreased 73.4% year-over-year to $1.7 million.
- Full-year FY26 total revenue guidance raised to $2.745-$2.795 billion from $2.670-$2.730 billion.
- Revolving credit facility maturity extended through April 22, 2031, with reduced interest rates.
- Company repurchased 1.1 million shares of common stock.
- Total Net Financial Debt increased to $900.1 million as of March 31, 2026, with a 2.5x Adjusted EBITDA ratio.