BrightView Q4 revenue misses estimates on development weakness
BV•BrightView's fourth-quarter revenue fell 3.6% year over year to $677.3 million, below the $724.05 million analyst consensus, while adjusted EBITDA declined 11.6% to $100.3 million. The company forecast fiscal 2027 Land Maintenance revenue of $1.763 billion to $1.780 billion.
1. Quarterly results
BrightView reported fourth-quarter revenue of $677.3 million, down 3.6% year over year and below analyst expectations of $724.05 million. Adjusted EBITDA fell 11.6% to $100.3 million, with a 14.8% margin.
2. Revenue drivers and outlook
Maintenance services revenue rose on higher commercial landscape contract and ancillary services, while Development Services revenue declined because of lower project volumes and changes in project timing and mix. Higher fuel prices and increased salesforce investment weighed on margins. For fiscal 2027, BrightView expects Land Maintenance revenue of $1.763 billion to $1.780 billion, Snow Removal revenue of $210 million to $230 million, and Development Services revenue of $572 million to $715 million.
3. Share repurchases
BrightView repurchased 1.2 million shares in the fourth quarter and 4.1 million shares during the year.
