BrightView Raises FY26 Revenue Guidance After 6.1% Q2 Growth, Records $79M EBITDA
BrightView posted Q2 revenue of $702.9 million, up 6.1% including a 4.0% increase in land maintenance, while net income fell to $1.7 million and adjusted EBITDA rose 7.6% to a record $79.1 million. The company raised FY26 revenue guidance to $2.745–2.795 billion and repurchased 1.1 million shares.
1. Q2 Financial Results
BrightView's net service revenue reached $702.9 million in Q2, up 6.1% year-over-year, driven by increases in land maintenance and snow removal. Net income declined to $1.7 million, representing a 0.2% margin, while adjusted EBITDA climbed 7.6% to a record $79.1 million, yielding an 11.3% margin.
2. FY2026 Guidance Raise
The company raised its fiscal 2026 revenue guidance to $2.745–2.795 billion from $2.670–2.730 billion, reflecting stronger land maintenance growth expectations of 2–3% and a snow removal outlook of approximately $290 million. Development services revenue guidance was adjusted to a range of –5% to 0% growth in the updated forecast.
3. Capital and Credit Actions
BrightView repriced and extended its revolving credit facility to improve financing flexibility and repurchased 1.1 million shares of common stock. These measures aim to support ongoing investments in the salesforce and maintain balance sheet strength for future growth initiatives.
4. Segment Performance Details
Landscape maintenance revenue grew 4.0% to $333.0 million, marking the first year-over-year increase in land services since Q3 2023, while snow removal revenue surged 28.5% to $221.6 million due to heavier snowfall. Development services revenue contracted, offsetting some gains in the maintenance segments.