| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 717.60 | 2.1% | 1.3% |
| Total Income | 717.60 | 2.1% | 1.3% |
| Expenditure | 685.30 | 0.2% | 5.3% |
| PBT | 8.40 | 265.2% | 81.3% |
| Net Profit | 6.10 | 258.8% | 81.1% |
| OPM | 4.50% | 2.21pp | 3.63pp |
| NPM | 0.85% | 0.61pp | 3.71pp |
| EPS | -0.03 | 62.5% | 118.8% |
BrightView Reports Q3 FY26 Results with Second Consecutive Quarter of Land Maintenance Revenue Growth
05 Aug 2026 · 5 Aug, 1:54 am
Summary
BrightView Holdings, Inc. reported third quarter fiscal 2026 results with net service revenues of $717.6 million, up 1.3% year-over-year, driven by a 2.3% increase in land maintenance revenue, marking the second consecutive quarter of growth. However, net income decreased to $6.1 million with a margin of 0.9%, and Adjusted EBITDA fell 15.1% to $96.1 million, impacted by a non-routine self-insurance adjustment and higher fuel prices. The company also extended its credit facilities. Management expressed optimism about sustainable growth, attributing the quarter's headwinds to non-routine factors that do not impact the long-term trajectory.
Key Highlights
- 1
BrightView reported third quarter fiscal 2026 net service revenues of $717.6 million, an increase of 1.3% year-over-year.
- 2
Land maintenance revenue saw a 2.3% increase year-over-year, marking the second consecutive quarter of growth in this segment.
- 3
Net income for the third quarter of fiscal 2026 decreased to $6.1 million, with a net income margin of 0.9%.
- 4
Adjusted EBITDA for the third quarter decreased 15.1% year-over-year to $96.1 million, resulting in an Adjusted EBITDA margin of 13.4%.
- 5
The company extended its term loan, revolving credit facility, and accounts receivable securitization agreement.
- 6
For the nine months ended June 30, 2026, total revenue increased 3.3% to $2,035.3 million.
Management Comments
Dale Asplund
We delivered our second consecutive quarter of Land Maintenance revenue growth, underpinned by the strategic investments we’ve made in our business. Our continued focus on prioritizing our front-line employees and customers, expanding our salesforce, and commitment to operational excellence continue to strengthen our business and positions us to deliver sustainable growth over the near and long term. While this quarter had non-routine headwinds related to our self-insurance adjustment and higher fuel prices, we believe these costs don’t impact the long-term trajectory of the business and we remain focused and optimistic on delivering against our long-term outlook.
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