BLUE BELL, PA — BrightView Holdings, Inc. (NYSE: BV) closed fiscal 2025 with record Adjusted EBITDA and stronger margins, even as full-year revenue declined, the company reported in its latest earnings release. The commercial landscaping giant said the performance reflects the continued progress of its “One BrightView” strategy and sets the stage for a return to revenue growth in 2026.
For the fourth quarter ended September 30, BrightView posted net income of $27.7 million, up 8.2% from the prior year. Adjusted EBITDA reached an all-time fourth-quarter high of $113.5 million, rising nearly 8% year over year, while margins expanded by 170 basis points. Quarterly revenue fell 3.6% to $702.8 million, weighed down by declines in both Maintenance and Development Services, according to the company’s reported results on page 3.
Across the full fiscal year, revenue slipped 3.4% to $2.67 billion, driven largely by strategic reductions in non-core operations and softer commercial landscaping demand. Yet BrightView delivered $352.3 million in Adjusted EBITDA—an 8.5% increase from 2024—while lifting margins by 150 basis points. The shift was powered by aggressive cost management, including lower labor, vehicle and equipment expenses, as shown in the segment data on pages 4–5.
Cash generation strengthened notably. Operating cash flow surged 41.9% to $291.8 million, while the company ramped up capital expenditures to $254.2 million as part of its long-term investment plan. BrightView also increased its share repurchase authorization to $150 million, citing a solid balance sheet and confidence in future growth.
Looking ahead to fiscal 2026, BrightView projects total revenue between $2.67 billion and $2.73 billion, reflecting up to 2% growth, and Adjusted EBITDA between $363 million and $377 million—representing an expected 40 to 60 basis-point margin improvement. Segment guidance shows modest gains in both Maintenance and Development Services, with snow removal revenue estimated near the five-year average. The full guidance table appears on page 2.
CEO Dale Asplund said the company is positioned to reenter a growth trajectory in 2026 after two years of foundation-building. He pointed to cost discipline, scale advantages and continuing investments as key drivers of long-term value creation for customers and shareholders.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.