BrightView Holdings, Inc. Announces First Quarter Fiscal Year 2022 Earnings Release Date, Conference Call and Webcast

BrightView Holdings, Inc. Announces First Quarter Fiscal Year 2022 Earnings Release Date, Conference Call and Webcast

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:

U.S. Participant Dial-in

 

(844) 200-6205

Canada Dial-in:

 

(833) 950-0062

International Participant Dial-in:

 

(929) 526-1599

Conference ID:

 

512141

U.S. Replay:

  (866) 813-9403

International Replay:

 

+44 (204) 525-0658

Replay Available:

 

Until February 10, 2022 at 11:59 p.m. EDT

Conference ID:

 

140089

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.

Blue Bell - Corporate

BrightView Announces Repurchase of Shares from MSD Partners

BrightView Announces Repurchase of Shares from MSD Partners

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.

Blue Bell - Corporate

BrightView Announces $250 Million Share Repurchase Program

BrightView Announces $250 Million Share Repurchase Program

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.

Blue Bell - Corporate

BrightView Reports Fourth Quarter and Full Year Fiscal 2021 Results

BrightView Reports Fourth Quarter and Full Year Fiscal 2021 Results

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.

Blue Bell - Corporate

BrightView Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2021 Earnings Release Date, Conference Call and Webcast

BrightView Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2021 Earnings Release Date, Conference Call and Webcast

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:

U.S. Participant Dial-in:

 

(844) 200-6205

International Participant Dial-in:

 

(929) 526-1599

Conference ID:

  732582

U.S. Replay:

 

(866) 813-9403

International Replay:

 

+44 (204) 525-0658

Replay Available:

 

Until November 24, 2021 at 11:59 p.m. EDT

Conference ID:

  404120

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.

Blue Bell - Corporate

Virtual Investor Day Announcement 2021

BrightView Announces Virtual Investor Day

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:

Conference telephone number:

   

U.S. Participant Dial-in:

 

(877) 273-7124

International Participant Dial-in:

 

(647) 689-5396

Conference ID:

 

9894649

Webcast:

 

BrightView Investor Day 2021

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.

Blue Bell - Corporate

BrightView Reports Third Quarter Fiscal 2021 Results

BrightView Reports Third Quarter Fiscal 2021 Results

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.

 


 

Blue Bell - Corporate

BrightView Holdings, Inc. Announces Third Quarter Fiscal 2021 Earnings Release Date, Conference Call and Webcast

BrightView Holdings, Inc. Announces Third Quarter Fiscal 2021 Earnings Release Date, Conference Call and Webcast

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:

U.S. Participant Dial-in:

 

(877) 273-7124

International Participant Dial-in:

 

(647) 689-5396

Conference ID:

  9518947

U.S. Replay:

 

(800) 585-8367

International Replay:

 

(416) 621-4642

Replay Available:

 

Until August 12, 2021 at 11:59 p.m. EDT

Conference ID:

  9518947

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.

Blue Bell - Corporate

BrightView Acquires West Bay Landscape

BrightView Acquires West Bay Landscape

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of West Bay Landscape, a landscape maintenance firm in Bradenton, Fla. Terms of the transaction were not disclosed.

“West Bay is a leader in the Central Florida market and represents an important addition to our existing landscape maintenance operations,” said BrightView CEO and President Andrew Masterman. “Over the past four decades, West Bay has grown steadily and today is one of the region’s top landscape maintenance firms. We are delighted to welcome them to BrightView.”

West Bay’s primary focus is commercial landscape maintenance, serving clients within a 30-mile radius of their base in Bradenton, south of Tampa Bay on Florida’s Gulf Coast.

“We are excited to join the BrightView family, and for all of the new opportunities this will bring to our team. With BrightView’s enhanced resources, processes, and systems, we will be able to expand West Bay’s standard of high level customer service within our market,” said West Bay President Ron Sikkema.

Blue Bell - Corporate

BrightView Acquires Baytree Landscape Contractors, Inc.

BrightView Acquires Baytree Landscape Contractors, Inc.

BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced the acquisition of Baytree Landscape Contractors, Inc., a full-service landscape firm based in Atlanta, Ga. Terms of the transaction were not disclosed.

“We are pleased to add Baytree, a landscaper with a stellar reputation for high quality work, to our operations in the Southeast,” said BrightView President and CEO Andrew Masterman. “Like BrightView, Baytree has achieved success across the spectrum of landscape services: design, development, irrigation, maintenance and enhancement. We look forward to bringing their skilled workforce and leadership into the BrightView family.”

Baytree operates from six primary locations: Atlanta, Ga., Johns Island, S.C., Charleston, S.C., Myrtle Beach, S.C., Charlotte, N.C., and Nashville, Tenn. At peak, Baytree employs more than 370 team members.

"The team at Baytree is excited about the many opportunities that being a part of the BrightView organization will bring,” said Andrew S. Watkins, Baytree President and CEO. “The people part of our business is everything. BrightView has put a priority on that from day one of this process."

Blue Bell - Corporate
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