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Stock impact report

BrightView Reports First Quarter Fiscal 2024 Results, Reaffirms 2024 Guidance and Announces Sale of Non-Core Business [Yahoo! Finance]

BrightView Holdings, Inc. (BV) 
Last brightview holdings, inc. earnings: 2/6 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.bazaarvoice.com
Company Research Source: Yahoo! Finance
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 million, an increase of $72.7 million compared to an outflow of $55.4 million in the prior year RECENT HIGHLIGHTS Strategic sale of non-core US Lawns franchise business in January for cash proceeds of $51.6 million COMPANY REAFFIRMS FISCAL YEAR 2024 GUIDANCE Total Revenue $2.825 - $2.975 billion Adjusted EBITDA $310 - $340 million Free Cash Flow $45 - $75 million "I am pleased to re Show less Read more
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