BrightView Holdings, which ranks No. 1 on Lawn & Landscape's Top 100 list, recently revealed unaudited results for the three months and full fiscal year ended September 30, 2024.
Among the highlights are that:
- Fourth quarter total revenue decreased 2% year-over-year to $728.7 million.
- Fourth quarter net income increased 56.1% year-over-year to $25.6 million; Net income margin expanded by 10 basis points.
- Fourth quarter adjusted EBITDA increased 3.5% year-over-year to a fourth quarter record $105.2 million; Adjusted EBITDA margin 2 expanded by 70 basis points.
- Full year net cash provided by operating activities increased 58.3% year-over-year to $205.6 million.
Full year free cash flow 2 increased $65.1 million year-over-year to $145.3 million.
“Fourth quarter results reconfirmed the delivery of a breakout year in fiscal 2024 as we continue to transform this business. Our One BrightView culture is gaining traction, and we are positioned for fiscal 2025 to be a second consecutive record year,” says BrightView President and Chief Executive Officer Dale Asplund. “Our multi-faceted transformation has positioned us to prioritize our employees and customers and reinvest in our business, ultimately leading to sustainable growth and value creation for all of our stakeholders.”
Go to BrightView's website to dive deeper into its latest financial report.
