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Stock impact report

BrightView Reports Second Quarter Fiscal 2024 Results, Reaffirms Midpoint 2024 EBITDA Guidance and Raises Free Cash Flow and Margin Guidance [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
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 EBITDA increased 38.5% year-over-year to $64.8 million, Adjusted EBITDA margin 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 flow of $89.4 million, an increase of $73.5 million, Recorded $43.9 million gain on divestiture of non-core U.S. Lawns Business. COMPANY UPDATES FISCAL YEAR 2024 GUIDANCE Prior Guidance Updated Guidance Total Revenue $2.825 - $2.975 billion $2.740 - $2.800 billion Adjusted EBITDA $310 - $340 million $315 - $335 million Adj. EBITDA Margin +40bps to +80bps +90bps to +130bps Free Cash Flow Show less Read more
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