BrightView Q4 Earnings Call Highlights

Résumé détaillé

BrightView (NYSE:BV) expects its recurring land maintenance business to grow in fiscal 2027, even as a residential construction slowdown and project delays weigh on its…

BrightView (NYSE:BV) expects its recurring land maintenance business to grow in fiscal 2027, even as a residential construction slowdown and project delays weigh on its development operations.

The landscaping company forecast total revenue of $2.535 billion to $2.720 billion for fiscal 2027 and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, of $335 million to $355 million. The outlook calls for land maintenance revenue growth of 3% to 4% and a roughly 10% decline in development revenue at the midpoint.

For fiscal 2026, total revenue rose 1.5% to $2.7 billion, while adjusted EBITDA fell to $329 million from $352 million a year earlier. Chief Financial Officer Brett Urban said non-routine items, fuel costs and planned investment in the sales force offset stronger-than-expected contributions from the land business.

Land maintenance revenue rose approximately 2% for the full year and 3.3% in the fourth quarter, its third consecutive quarter of growth. President and Chief Executive Officer Dale Asplund said the business had contracted in both fiscal 2024 and 2025.

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Asplund attributed the improvement to better customer retention, lower employee turnover and investment in sales staff. The company reported six consecutive quarters of positive net new sales, a measure that helped expand its recurring contract book.

Customer retention reached approximately 84.5%, up 150 basis points from a year earlier, while frontline turnover improved by roughly 600 basis points. BrightView is working toward retention above 90% across its branches, Asplund said.

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In October, BrightView recorded more than $11.6 million in net new sales, its highest monthly figure in five years, according to Asplund.

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