BrightView Q3 Net Income Plunges 81% on Insurance, Fuel Headwinds; Guidance Cut
BV is trading near its 52-week low of $11.06 (0.5% below the low) on elevated volume (2.0× avg).
Summary
BrightView's Q3 net income collapsed 81% YoY to $6.1M, with adjusted EBITDA down 15% to $96.1M, hit by a $16M self-insurance charge and $4M fuel headwind. Revenue grew 1.3% to $717.6M, driven by a second straight quarter of land maintenance growth, but margins compressed sharply. The company updated full-year guidance, implying a significant Q4 ramp to hit the new adjusted EBITDA range of $340-$345M and adjusted free cash flow of $70-$80M. This follows a Q2 net loss and negative free cash flow, and the recent credit agreement extension. The stock trades near its 52-week low, reflecting skepticism about the turnaround. The guidance cut and margin erosion raise questions about the sustainability of the land maintenance recovery.
At the time of this announcement, BV was trading at $11.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $11.06 to $16.39. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: BusinessWire.