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.
Updates
· SEC 10-Q — Cash and cash equivalents fell to $14.4M at June 30, 2026 from $74.5M at September 30, 2025. Long-term debt, net rose to $875.3M from $790.2M.
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.