BrightView Reports Second Quarter Fiscal 2021 Results

BrightView Reports Second 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 second quarter ended March 31, 2021.

“We are very pleased with an exceptional quarter and our continued strong performance in fiscal year 2021. These results are due to the team executing on our strategy and we believe underpins our guidance going forward. Despite ongoing COVID-19 headwinds, our fiscal second quarter performance was driven by meaningful growth in our annual contract snow business and continued improvement in Maintenance Land organic growth, a testament to the investments made in our expanded sales teams and sales enablement technologies. In addition, the significant Adjusted EBITDA margin expansion versus the prior year and continued strong cash generation are a result of the ongoing leverage of our technology and productivity initiatives," said Andrew Masterman, BrightView President and Chief Executive Officer. “BrightView’s success comes from the efforts of every one of our 20,000 plus team members and they continue to do an incredible job by prioritizing health and safety, focusing on client relationships, and by delivering solid results in a challenging operating environment. The consistency and resiliency of our model continues to reflect fundamental strengths. Coupled with ongoing execution of our M&A strategy, we remain confident in our ability to create significant shareholder value.”

Read the full report here.

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Amsterdam, NY Municipal Golf Course Selects Brightview Golf Maintenance

Amsterdam, NY Municipal Golf Course Selects Brightview Golf Maintenance

BrightView Golf Maintenance has been selected by the City of Amsterdam, NY to maintain its Amsterdam Municipal Golf Course. BrightView will be responsible for all aspects of course maintenance, including turf, irrigation and equipment, with the goal of providing players outstanding golf course conditions. 

Since 1938 Amsterdam residents and visitors have played this beautiful 18-hole championship golf course, designed by the legendary Robert Trent Jones, Sr.

“We are honored to have been chosen to care for this historic course, one of the best known municipal courses in the Capital region,” said Greg Pieschala, president of BrightView Golf Maintenance. “We are looking forward to helping Amsterdam to continue its rich tradition, providing a top notch golf experience for the entire community.”

BrightView is a leading golf course maintenance company caring for more than 80 championship courses around the country.

Bringing on BrightView and its proven approach to golf course maintenance is part of the City’s master plan to restore the glory of the entire golf operation. Along with the sale of the clubhouse to a local restaurateur, the City envisions raising the stature of the Amsterdam Municipal Golf Course and foresees this facility having an even greater impact on their community.

“Partnering with an industry leader like BrightView is sure to make a tremendous impact on our golf course” said Kevin Canale, PGA General Manager. “From consistently providing top notch conditions to streamlining costs and their overall services we are very pleased with our decision."


BrightView selected to maintain Amsterdam Municipal Golf Course, Golf Course Industry
Brightview Golf Selected To Maintain Amsterdam, NY Municipal Golf Course, Golf Course Trades

Golf Course Maintenance
Amsterdam Municipal Golf Course Selects BrightView
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First Quarter Fiscal 2021 Results

BrightView Reports First 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 first quarter ended December 31, 2020.

“We are very pleased with the strong start to fiscal year 2021. Despite continued COVID-19 headwinds, our first quarter results reflect solid contract-based business and Adjusted EBITDA growth combined with meaningful margin expansion versus the prior year, a testament to the investments made in our expanded sales teams and sales enablement technologies, and the ongoing leverage of our technology and productivity initiatives”, said Andrew Masterman, BrightView President and Chief Executive Officer. “Our team continues to do an incredible job responding to the COVID-19 crisis by prioritizing health and safety, focusing on client relationships, and by delivering solid results in a challenging operating environment. The consistency and resiliency of our model continues to reflect fundamental strengths. Coupled with ongoing execution of our M&A strategy, we remain confident in our ability to create value.”

Read the full report here.

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Green Image Acquired by BrightView

Green Image, LLC Acquired by BrightView

BrightView Holdings, Inc. (NYSE: BV) (“BrightView”), the leading commercial landscaping services company in the United States, today announced the acquisition of Green Image, LLC (GTI) based in Las Vegas, Nev. Terms of the transaction were not disclosed.

“GTI and its more than 400 team members are a great strategic addition to our operations in the western U.S.,” said BrightView President and CEO Andrew Masterman. “They bring a solid base of maintenance operations plus an impressive capability in landscape development. This team of professionals has years of experience in horticulture, engineering, maintenance, design, architecture, and equipment management and I am pleased to welcome them to BrightView.”

Founded in 2004 GTI has earned a reputation throughout Nevada for the quality of its work in both landscape development and maintenance, including HOA streetscapes and entries, parks, common areas, play structures, athletic fields and water features.

“We look forward to the new opportunities our people will have joining the BrightView team,” said GTI’s Brock Krahenbuhl. “It’s very exciting and we are ready for this new expansion in the landscape industry.”

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

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

BrightView Holdings, Inc. (NYSE: BV) announced today that it will hold its first quarter fiscal 2021 earnings conference call Thursday, February 4, 2021 at 10 a.m. EST. A press release detailing the Company’s first quarter fiscal 2021 results will be issued prior to the call. The information to join the earnings conference call is below:

Conference telephone number:

U.S. Participant Dial-in:

   

(877) 273-7124

International Participant Dial-in:

   

(647) 689-5396

Conference ID:

   

4778096

This call will be recorded:

U.S. Replay:

 

 

(800) 585-8367

International Replay:

 

 

(416) 621-4642

Replay Available:

 

 

Until 11:59 p.m. on February 11, 2021

Conference ID:

 

 

4778096

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 or here.

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Cutting Edge Property Maintenance, Inc. Acquired by BrightView

BrightView Acquires Commercial Landscape Firm Cutting Edge Property Maintenance, Inc.

BrightView Holdings, Inc. (NYSE: BV) (“BrightView”), the leading commercial landscaping services company in the United States, today announced the acquisition of Cutting Edge Property Maintenance, Inc. based in Plymouth, Minn. Terms of the transaction were not disclosed.

“Cutting Edge has earned a reputation for providing superior service, which creates lasting client satisfaction,” said BrightView President and CEO Andrew Masterman. “They have the expertise and capabilities to provide a full suite of winter services, landscape maintenance and enhancements, tree care, and irrigation services. This deal brings a service leader in a desirable Upper Midwest market into the BrightView family along with more than 110 skilled team members.”

Founded in 2005 Cutting Edge Property Maintenance is one of the Twin Cities’ leading commercial outdoor maintenance services providers with a reputation for attention to detail, client service, employee safety and superior workmanship.

“We could genuinely tell BrightView’s executive team cares about their people, which was an important factor in our decision-making process,” said Ryan Comer, Cutting Edge Founder and CEO. “We are confident that joining BrightView will provide opportunities for both our employees and our customers. BrightView is a first-class organization that the Minneapolis market is fortunate to have.”

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NBRI Recognizes BVLS and BVLD for Their Commitment to Customer Engagement

NBRI Recognizes BVLS and BVLD for Their Commitment to Customer Engagement High levels of Customer Engagement earn BrightView a place in National Business Research Institute's Circle of Excellence

The National Business Research Institute (NBRI) is pleased to welcome BrightView Landscapes Services (BVLS) and BrightView Landscape Design (BVLD) to the NBRI Circle of Excellence. The NBRI Circle of Excellence Award recognizes organizations that place a high value on Employee and Customer engagement. These organizations demonstrate their dedication by conducting best in class survey research with NBRI and taking action based upon the results. NBRI commends the leadership of these organizations for their commitment to the Continuous Improvement Process and recognizes their achievements with the Circle of Excellence Award.

To qualify for this honor, the organization must score at or above Stretch Performance at the 75th benchmarking percentile when measured against their industry, or the organization must improve 5 or more benchmarking percentiles in total company score over the previous research study, a statistically significant amount. It is no small feat to move an entire company’s score of customer loyalty or employee engagement 5 or more percentiles, or to reach Stretch or Best in Class Performance levels.

“Customer Engagement drives Financial Performance,” said Dr. Jan G. West, Ph.D., CEO & Organizational Psychologist at NBRI. “This award is a result of BrightView’s dedication to measuring and improving their Customer Engagement.”

About NBRI:
NBRI conducts Employee, Customer, and Market Research for businesses, and uses this data to help organizations leverage these human factors to make improvements to operations and strategy. With its extensive experience across all industries, NBRI’s research teams bring their clients a combination of deep industry knowledge and expert advice. NBRI’s mission is to help their Clients set new standards of excellence in their industries. NBRI product offerings, such as the Root Cause Analysis, ensures their clients will focus on the most impactful issues.

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Sustainability Maintenance of Superior Contracted to BrightView

Sustainability Maintenance of Superior’s Parks & Recreation Areas Contracted to BrightView Services to the Colorado town include all public areas and snow removal

BrightView Maintenance has been selected by Colorado’s Town of Superior to maintain its park and recreation landscapes starting Jan. 1, 2020. The contract covers more than 630 acres of parks, green space, and open space, the Town of Superior, and its 35 miles of public trails.

The agreement includes sustainable landscaping maintenance and snow removal for the public grounds, parks, and walkways throughout the town.

BrightView is one of the nation’s largest users of zero-emission commercial landscaping equipment and also a leader in the use of state-of-the-art water conservation technology and innovative landscaping practices, such as green roof installations, LEED-certified landscape consulting, waste reduction programs, and xeriscaping.

“Being able to partner with the Town of Superior and provide sustainable landscaping is a point of pride for Brightview,” said Bradley Hill, BrightView Senior Branch Manager. “Our team is thrilled to not only provide green landscaping to some of the most stunning trails in Colorado, but to also make a lasting connection with this close-knit community.”

The Town of Superior was founded in 1896 and is believed named after the "superior" quality of coal found in the area. The stunning mountain-filled backdrop is enhanced by the vast public spaces and parks throughout the town.

“The Town of Superior is looking forward to working together with BrightView to serve all who live, work, and play in our community,” said Leslie Clark, Parks, Recreation and Open Space Director, Town of Superior.“ We believe BrightView and their people will provide us with the excellence we have become accustomed to, as well as propel us into the future of renewable energy and sustainability.”

Learn more about the parks, trails, open space, and recreation within the Town of Superior here.

About The Town of Superior:
The Town of Superior is a municipality of approximately 15,000 people located 22 miles northwest of Denver and 8 miles southwest of Boulder, Colorado. Incorporated in 1904 and named for the “superior” quality of the coal it produced in the local mine, the Town boasts a rich history. The Town now consists of four-square miles that include hundreds of acres of quality parks, open space and trails produced and maintained for the enjoyment of residents and visitors.

Environmental Sustainability
Parks & Recreation Areas in Superior
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Award-Winning Work at UC Merced Campus Recognized

BrightView’s Award-Winning Work at UC Merced Campus Recognized
BrightView was honored to have been selected as one of several design build trade partners exclusively chosen for the UC Merced 2020 Project.
BrightView was honored to have been selected as one of several design build trade partners exclusively chosen for the UC Merced 2020 Project.

The University of California Merced campus, one of the nation’s leading public colleges, recently completed a four-year construction expansion. BrightView proudly provided landscape and site hardscape to this massive project, featured in the December issue of CalContractors Magazine.

The three-phase campus extension, which took place from October 2016 to June 2020, nearly doubled the size of UC Merced’s campus.

Lead by a P3 development team, Webcor Builders selected BrightView for the 1.2 million -square-foot campus. Webcor Builders is a premier commercial construction service provider known for its innovative and efficient approach, a wide range of experience, and cost-effective design-build methodology.

“BrightView assembled a great team for the UC Merced 2020 Project,” said Jacob Gliddon, Webcor Builders Site Project. “They exceeded all expectations and I look forward to working with them again in the future.”

UC Merced is a widely recognized campus for its commitment to environmental sustainability, an important priority during the campus expansion. BrightView provided more than 61 miles of drip irrigation instillation for a campus-wide water conservation effort. The work provided throughout the campus also included 805 trees, 41,000 shrubs, wetland and grassland hydroseeding, landscape drainage, and various campus-wide accommodations. BrightView also placed more than 500 cubic yards of soil each day.

While landscape development operations continued, campus life went on. To ensure the safety of all students and staff during the construction, BrightView provided safe pedestrian access during the various development phases.

“Safety was our number one concern as we concentrated on getting students and faculty to their newly built classrooms, dorms, cafeterias, and other facilities,” said Dustin Harter, BrightView Project Superintendent.

The work provided by BrightView Landscape Development on UC Merced also lead the team to win the 2018 United Contractors R.E.A.L. Safety Award for their three-year safety record without a loss day.

“I am extremely proud of BrightView’s design-build team members whom collaboratively partnered with Webcor Builders and the trade partner teams on this design-build to provide UC Merced with an incredible finished product,” said Skip Stevens, BrightView Landscape Development Vice President and General Manager.

CalContractor Magazine is a monthly magazine that is widely distributed to California contractors and features industry news. Read the full article on this award-winning work here.

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BrightView’s Award-Winning Work at UC Merced Campus Recognized

BrightView Reports Fourth Quarter and Full Year Fiscal 2020 Results

BrightView Reports Fourth Quarter and Full Year Fiscal 2020 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, 2020.

“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 being a best-in-class maintenance services company. This quarter we delivered strong cash generation and liquidity, underpinned by our on-going focus on working capital and reducing capital expenditures,” said Andrew Masterman, BrightView President and Chief Executive Officer. “Our services and results of operations continue to benefit from a designation as an essential service. And our team continues to do an incredible job responding to the COVID-19 crisis by prioritizing health and safety, focusing on our client relationships, and by delivering solid results in a challenging operating environment."

Read the full report here.

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