BLUE BELL, PA — BrightView Holdings, Inc. (NYSE: BV), the largest commercial landscaping services provider in the U.S., has released its second-quarter fiscal 2025 results, showcasing significant progress in operational efficiency and strategic growth, despite slight revenue declines.
For the quarter ending March 31, 2025, BrightView reported revenues of $662.6 million, a year-over-year drop of 1.5%, primarily stemming from deliberate reductions in non-core business areas. However, the company recorded an impressive 13.4% increase in adjusted EBITDA, reaching $73.5 million, and grew its adjusted EBITDA margin by 150 basis points, reflecting cost management efforts and operational improvements.
The company’s Maintenance Services segment experienced a 3.5% dip in revenue, primarily due to strategic business streamlining and a slight decline in core landscaping services. Yet, the segment posted a margin improvement of 60 basis points, demonstrating the impact of lower overhead costs. Conversely, the Development Services segment delivered a 4.6% revenue uptick, driven by higher project volumes, and achieved a significant 410-basis-point gain in adjusted EBITDA margin.
President and CEO Dale Asplund emphasized the company’s positive trajectory and long-term focus. “We’re making strong progress in implementing our One BrightView strategy,” said Asplund. “Our sustained success, driven by our cultural transformation, record Adjusted EBITDA, and fortified balance sheet, has enabled us to raise our 2025 EBITDA, margin, and free cash flow guidance while returning capital to our shareholders via repurchased shares.”
BrightView’s year-to-date net cash provided by operating activities rose to $151.7 million, a $42.2 million increase compared to prior-year levels. However, adjusted free cash flow declined by $22.4 million due to increased capital expenditures, which jumped to $92.3 million, focused on supporting the company’s strategic priorities.
Looking ahead, BrightView remains optimistic, bolstered by its $100 million share repurchase program and strengthened balance sheet. With total net financial debt reduced to $718.6 million and a debt-to-EBITDA ratio of 2.1x, the company appears well-positioned to continue delivering shareholder value and driving profitable growth.
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