BrightView Holdings, Inc., through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance. Its customers' properties include corporate and commercial properties, homeowners associations, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail, and golf courses. This segment's customer base includes approximately 13,000 office parks and corporate campuses, 8,000 residential communities, and 450 educational institutions. The Development Services segment offers landscape architecture and development services for new facilities and redesign projects. Its services include project design and management services, landscape architecture and installation, irrigation installation, tree moving and installation, pool and water features, sports field, and other services. BrightView Holdings, Inc. also operates as official field consultant to various league baseball. The company was founded in 1939 and is headquartered in Blue Bell, Pennsylvania.
IPO Year: 2018
Exchange: NYSE
Website: brightview.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/22/2024 | $16.00 | Equal-Weight | Morgan Stanley |
8/21/2024 | $13.00 → $17.00 | Hold → Buy | Jefferies |
7/30/2024 | $18.00 | Buy | Loop Capital |
7/30/2024 | $13.00 → $17.00 | Neutral → Outperform | Robert W. Baird |
4/4/2024 | $8.00 → $10.00 | Neutral → Sell | Goldman |
3/4/2024 | $15.00 | Buy | Craig Hallum |
11/21/2022 | $14.00 → $8.00 | Buy → Hold | Jefferies |
1/10/2022 | Outperform → Market Perform | William Blair | |
12/21/2021 | $18.00 → $15.00 | Neutral | Goldman Sachs |
12/20/2021 | $18.00 → $15.00 | Buy → Neutral | Goldman Sachs |
Baird analyst Andrew Wittmann maintains BrightView Hldgs (NYSE:BV) with a Neutral and raises the price target from $8.5 to $13.
BrightView Hldgs (NYSE:BV) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.07 by 57.14 percent. This is a 257.14 percent increase over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $672.900 million which missed the analyst consensus estimate of $683.797 million by 1.59 percent. This is a 3.46 percent increase over sales of $650.400 million the same period last year.
Brightview Holdings Inc (NYSE:BV) shares were down on Thursday, after adding more than 22% over the past month. Although the company’s efforts to weed out unprofitable and low-margin contracts will help margin recovery, its EBITDA margins could remain below the pre-COVID pandemic levels over the next three years, according to Goldman Sachs. The Brightview Holdings Analyst: George Tong downgraded the rating for Brightview Holdings from Neutral to Sell, while raising the price target from $8 to $10. The Brightview Holdings Thesis: The company’s strategy to exit uneconomical contracts will adversely impact revenues in the near-to-medium term in its landscape maintenance business, which curre
Goldman Sachs analyst George Kelly downgrades BrightView Hldgs (NYSE:BV) from Neutral to Sell and raises the price target from $8 to $10.
As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Nikola Corporation (NASDAQ:NKLA) On March 27, Nikola said that a unit of the company collaborated
Jefferies analyst Stephanie Moore assumes BrightView Hldgs (NYSE:BV) with a Hold rating and announces Price Target of $9.
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4 - BrightView Holdings, Inc. (0001734713) (Issuer)
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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 third quarter ended June 30, 2024. THIRD QUARTER FISCAL 2024 SUMMARY Total revenue decreased 3.6% year-over-year to $738.8 million, Net income increased 39.9% year-over-year to $23.5 million, Net income margin expansion of 100 basis points, Adjusted EBITDA2 increased 6% year-over-year to $107.9 million, Adjusted EBITDA margin2 expansion of 130 basis points, Year-to-date Net cash provided by operating activities of $152.1 million, an increase of $62.8 million, Year-to-date free cash flow2 of $1
BrightView Holdings, Inc. (NYSE:BV) will release its earnings results for the third quarter fiscal year 2024 after the market closes on Wednesday, July 31, 2024. BrightView will hold a conference call to discuss its results the following morning, Thursday, August 1, 2024, at 8:30 a.m. EDT. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in: (833) 470-1428 International Participant Dial-in: (404) 975-4839 Access Code: 747713 This call will be recorded: North American Replay: (
BrightView Holdings, Inc. (NYSE:BV), the leading commercial landscaping services company in the United States, today announced that members of its management team, including Dale Asplund, President and Chief Executive Officer, and Chris Stoczko, Vice President of Finance, will participate in the following investor conference: CJS Securities 24th Annual New Ideas Summer Conference Date: Wednesday, July 10, 2024 Location: White Plains, New York Time: 9:20 a.m. ET Management will be referencing the investor presentation on BrightView's investor website at investor.brightview.com. About BrightView BrightView ((BV), the nation's largest commercial landscaper, proudly designs, creates, and
BrightView Holdings, Inc. (NYSE:BV) ("Company") today announced that its wholly-owned subsidiary, BrightView Funding LLC, has increased the overall size of its existing receivables financing agreement (the "Receivables Facility") from $275 million to $325 million and extended its maturity date from June 2025 to June 2027. The Receivables Facility, a flexible source of debt and the Company's least costly borrowing method, now includes an "accordion feature" that allows for an additional $100 million increase to the borrowing capacity. PNC Bank, National Association will continue to serve as administrative agent. The amendment to the Receivables Facility improves the leverage-based pricing
BrightView Holdings, Inc. (NYSE:BV), the leading commercial landscaping services company in the United States, announced today that the Company's Board of Directors has declared a cash dividend of $8.91 million on its Series A Preferred Stock. The dividend represents payment for the period from March 31, 2024 to June 30, 2024, and will be paid on July 1, 2024 to holders of record as of June 15, 2024. Today's dividend announcement marks the second consecutive quarterly cash payment made possible by the Company's balance sheet flexibility and commitment to avoid the dilutive impact caused by payment in kind. On August 28, 2023, BrightView entered into an investment agreement with an affilia
Official Field Consultant for MLB renovates nation's oldest professional ballpark History will be made June 20, when the San Francisco Giants and St. Louis Cardinals play in the first ever regular season Major League Baseball (MLB) game to be held at historic Rickwood Field in Birmingham, Alabama. And BrightView (NYSE:BV), the nation's leading commercial landscaping company, is playing a critical role by ensuring the field conditions meet current MLB standards. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618411145/en/(Graphic: Business Wire) As the Official Field Consultant of MLB, BrightView renovated the entire playing
BrightView Holdings, Inc. (NYSE:BV) ("Company") today announced that it has successfully completed a repricing of its $738,000,000 senior secured term loan (the "Term Loan") due 2029. The repricing reduces the applicable interest rate on the Term Loan to Term SOFR plus 2.50%, down from the previous Term SOFR plus 3.00% to 3.25%. All other terms remain substantially unchanged. The Company estimates that repricing the Term Loan will produce cash interest expense savings of approximately $3.7 million annually. "Managing the balance sheet is nothing new," said Brett Urban, BrightView Chief Financial Officer. "Where we have an opportunity to drive value, we will continue to execute and build o
BrightView Holdings, Inc. (NYSE:BV) ("BrightView") today announced the pricing of an underwritten secondary offering by a selling stockholder affiliated with KKR & Co. Inc. (the "Selling Stockholder") of 17,500,000 shares of common stock of BrightView pursuant to a registration statement filed by BrightView with the U.S. Securities and Exchange Commission (the "SEC"). No shares are being sold by BrightView. The Selling Stockholder will receive all of the proceeds from this offering. The offering is expected to close on May 23, 2024, subject to customary closing conditions. KKR, Craig-Hallum, CJS Securities, Morgan Stanley, and Loop Capital Markets are acting as the active joint book-runni
BrightView Holdings, Inc. (NYSE:BV), the leading commercial landscaping services company in the United States, today announced that members of its management team, including Dale Asplund, President and Chief Executive Officer, and Brett Urban, Executive Vice President, Chief Financial Officer, will participate in the following investor conference: Baird 2024 Global Consumer, Technology & Services Conference Date: Tuesday, June 4, 2024 Location: New York, New York Time: 10:15 a.m. ET An updated investor presentation will be available on BrightView's investor website at investor.brightview.com. About BrightView BrightView ((BV), the nation's largest commercial landscaper, proudly desi
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, 2024. SECOND QUARTER FISCAL 2024 SUMMARY Total revenue increased 3.5% year-over-year to $672.9 million, Net income increased 253% year-over-year to $33.7 million, Net income margin expansion of 840 basis points, Adjusted EBITDA2 increased 38.5% year-over-year to $64.8 million, Adjusted EBITDA margin2 expansion of 240 basis points, Year-to-date Net cash provided by operating activities of $109.5 million, an increase of $54.5 million, Year-to-date free cash flow2 o
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
4 - BrightView Holdings, Inc. (0001734713) (Issuer)
Morgan Stanley initiated coverage of BrightView with a rating of Equal-Weight and set a new price target of $16.00
Jefferies upgraded BrightView from Hold to Buy and set a new price target of $17.00 from $13.00 previously
Loop Capital initiated coverage of BrightView with a rating of Buy and set a new price target of $18.00
Robert W. Baird upgraded BrightView from Neutral to Outperform and set a new price target of $17.00 from $13.00 previously
Goldman downgraded BrightView from Neutral to Sell and set a new price target of $10.00 from $8.00 previously
Craig Hallum initiated coverage of BrightView with a rating of Buy and set a new price target of $15.00
Jefferies downgraded BrightView from Buy to Hold and set a new price target of $8.00 from $14.00 previously
William Blair downgraded BrightView Holdings from Outperform to Market Perform
Goldman Sachs reiterated coverage of BrightView Holdings with a rating of Neutral and set a new price target of $15.00 from $18.00 previously
Goldman Sachs downgraded BrightView Holdings from Buy to Neutral and set a new price target of $15.00 from $18.00 previously
BrightView Holdings, Inc. (NYSE:BV) will release its earnings results for the third quarter fiscal year 2024 after the market closes on Wednesday, July 31, 2024. BrightView will hold a conference call to discuss its results the following morning, Thursday, August 1, 2024, at 8:30 a.m. EDT. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in: (833) 470-1428 International Participant Dial-in: (404) 975-4839 Access Code: 747713 This call will be recorded: North American Replay: (
BrightView Holdings, Inc. (NYSE:BV), the leading commercial landscaping services company in the United States, announced today that the Company's Board of Directors has declared a cash dividend of $8.91 million on its Series A Preferred Stock. The dividend represents payment for the period from March 31, 2024 to June 30, 2024, and will be paid on July 1, 2024 to holders of record as of June 15, 2024. Today's dividend announcement marks the second consecutive quarterly cash payment made possible by the Company's balance sheet flexibility and commitment to avoid the dilutive impact caused by payment in kind. On August 28, 2023, BrightView entered into an investment agreement with an affilia
BrightView Holdings, Inc. (NYSE:BV) will release its earnings results for the second quarter fiscal year 2024 after the market closes on Wednesday, May 1, 2024. BrightView will hold a conference call to discuss its results the following morning, Thursday, May 2, 2024, at 8:30 a.m. EST. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in: (833) 470-1428 International Participant Dial-in: (404) 975-4839 Access Code: 145945 This call will be recorded: North American Replay: (866) 813-9403 Inte
BrightView Holdings, Inc. (NYSE:BV), the leading commercial landscaping services company in the United States, announced today that the Company's Board of Directors has declared a cash dividend of $8.91 million on its Series A Preferred Stock. The dividend represents payment for the period from December 31, 2023 to March 30, 2024, and will be paid on April 1, 2024, to holders of record as of March 15, 2024. On August 28, 2023, BrightView entered into an investment agreement with an affiliate of One Rock Capital Partners, LLC, pursuant to which the Company issued and sold, in a private placement, an aggregate of 500,000 shares of the Company's Series A Convertible Preferred Stock, par valu
CHARLOTTE, N.C., Feb. 1, 2024 /PRNewswire/ -- Today EverSmith Brands announced the acquisition of U.S. Lawns, a franchised provider of commercial landscaping and snow removal services for U.S. commercial properties. This investment is the latest add-on to EverSmith Brands' portfolio of B2B service-based franchise companies. EverSmith Brands Acquires U.S. LawnsU.S. Lawns was acquired from BrightView Holdings, Inc. (NYSE:BV), a leading commercial landscaping services company in the United States. Founded in 1986 and headquartered in Orlando, FL, U.S. Lawns has over 200 locations operating across 35 states. U.S. Lawns brings a strong reputation and decades of experience in providing landscape
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, 2023. FIRST QUARTER FISCAL 2024 SUMMARY Total revenue decreased 4.5% year-over-year to $626.7 million Net loss decreased 13.2% year-over-year to $16.4 million; reflects 30-basis point improvement in Net Loss margin Adjusted EBITDA decreased 3.9% to $46.7 million; Adjusted EBITDA margin expansion of 10-basis points Year-to-date net cash provided by operating activities of $26.2 million, an increase of $55.8 million Year-to-date free cash inflow of $17.3 mill
BrightView Holdings, Inc. (NYSE:BV) will release its earnings results for the first quarter fiscal year 2024 after the market closes on Wednesday, January 31, 2024. BrightView will hold a conference call to discuss its results the following morning, Thursday, February 1, 2024, at 8:30 a.m. EST. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in: (833) 470-6205 International Participant Dial-in: (929) 526-1599 Access Code: 982389 This call will be recorded: North American Replay: (929) 458-
BrightView Holdings, Inc. (NYSE:BV) will hold its fourth quarter and fiscal year 2023 earnings conference call on November 16, 2023, at 10 a.m. EDT. A press release detailing the Company's fourth quarter and fiscal year 2023 results will be issued prior to the call. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in: (833) 470-1428 International Participant Dial-in: (929) 526-1599 Access Code: 725900 This call will be recorded: North American Replay: (929) 458-6194 International R
BrightView Holdings, Inc. (NYSE:BV) will hold its third quarter fiscal year 2023 earnings conference call on August 3, 2023, at 10 a.m. EDT. A press release detailing the Company's third quarter results will be issued prior to the call. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in: (833) 470-1428 International Participant Dial-in: +1 (404) 975 4839 Access Code: 406230 This call will be recorded: North American Replay: (866) 813-9403 International Replay:
BrightView Holdings, Inc. (NYSE:BV) will hold its second quarter fiscal year 2023 earnings conference call on May 4, 2023, at 10 a.m. EST. A press release detailing the Company's second quarter results will be issued prior to the call. Instructions to join the conference call are provided below: Conference telephone number: United States Dial-in: (888) 396-8049 International Participant Dial-in: +1 (416) 764 8646 Access Code: 96919339 This call will be recorded: North American Replay: (877) 674-7070 International Replay:
Asplund also Named to Board of Directors One Rock Operating Partner Kurtis Barker and One Rock Partner Joshua Goldman Appointed to Board Investment Proceeds to Reduce Leverage and Accelerate Growth BrightView Holdings, Inc. ("BrightView" or the "Company") (NYSE:BV), the leading commercial landscaping services company in the United States, today announced that its Board of Directors has appointed Dale A. Asplund, 55, as President and Chief Executive Officer, effective October 1, 2023. In conjunction with his appointment as CEO, Asplund will also join the BrightView board as a director as of that date. In addition, BrightView today announced that an affiliate of One Rock Capital Partner
HOUSTON, May 25, 2021 /PRNewswire/ -- Cart.com, the first end-to-end eCommerce services provider, today announced its appointment of industry veteran Michael Svatek as the company's first Chief Product Officer. In this role, Mike will spearhead and oversee all aspects of Cart.com's rapidly-expanding portfolio of fully integrated software tools, services, and infrastructure to scale brands online. With a background in software engineering, Svatek has led product strategy, development, management, and M&A for top technology companies in the eCommerce and retail spaces. As Chief Product & Strategy Officer at Bazaarvoice he led product, design, and innovation teams, driving revenues to USD $160
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