BrightView Q3 Revenue $717.6M; Net Income Down 81.1%
BrightView Holdings, Inc. reported mixed results for the third quarter of fiscal 2026. Net service revenues increased 1.3% to $717.6 million, driven by a 2.3% rise in land maintenance revenue. However, net income significantly decreased by 81.1% to $6.1 million, and Adjusted EBITDA fell 15.1% to $96.1 million, impacted by a $16 million self-insurance adjustment and $4 million fuel headwind. The company also updated its fiscal year 2026 guidance and extended its term loan and credit facilities.
Key Highlights
- Net service revenues increased 1.3% year-over-year to $717.6 million.
- Land maintenance revenue grew 2.3% year-over-year.
- Net income decreased 81.1% to $6.1 million.
- Adjusted EBITDA fell 15.1% to $96.1 million.
- Basic loss per share was $(0.03) compared to $0.16 profit in prior year.
- Updated fiscal 2026 Adjusted EBITDA guidance to $340 million to $345 million.
- Total Net Financial Debt increased to $976.1 million as of June 30, 2026.
- Extended term loan, revolving credit facility, and accounts receivable securitization agreement.
Price Impact
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