Brightview reports Q1 revenue drop of 4.4%

On Feb. 5, BrightView Holdings, Inc. reported unaudited results for the first quarter of fiscal 2025, ended December 31, 2024.

For this period, Brightview’s total revenue decreased 4.4% to $599.2 million driven, said the company, by a $25.7 million decrease in our commercial landscaping business and an $7.3 million decrease in snow removal revenue. These decreases were partially offset by an increase of $6.4 million in development services revenues year-over-year.

By business segment

Revenue in Brightview’s Maintenance Services Segment decreased by $33.0 million, or 7.5%, from the prior year. Commercial landscaping services decreased $25.7 million, or 6.4%, and snow removal revenue decreased $7.3 million or 18.4%. The decreases were largely caused by strategic reductions to non-core businesses.

For Q1 of fiscal 2025, revenue in the Development Services Segment increased by $6.4 million, or 3.5%, compared to the prior year. The increase was principally driven by an increase in Development Services project volumes.

“We are off to a strong start to the fiscal year, fueled by the growing momentum of our evolving One BrightView culture,” said BrightView president and Chief Executive Officer Dale Asplund. “Our strong first quarter results position us to achieve our second consecutive full-year EBITDA record, while continuing to prioritize our employees and putting the customer at the center of everything we do. We are doing this while maintaining a continued focus on cash flow and our balance sheet, as evidenced by our recent term loan refinancing, which allows us to continue to reinvest in the business, explore acquisitions, and pave the way for sustainable, profitable growth.”

Earnings Call Presentation

In an earnings call presentation, Brightview emphasized three priorities for 2025. 

• Continue to embrace a unified One BrightView culture
• Prioritizing our employees & customers to be the clear employer & service provider of choice 
• Leverage our size and scale to further differentiate BrightView from the competition

Without quantifying the results, the company said it is making improvements to reduce employee turnover, and to improve retention of maintenance customers, which is up 210 basis points. 

Outlook Assumptions 

• Maintenance Land Revenue, +1% to +3% excl. Non-Core
• Snow Revenue, $160M – $200M
• Development Revenue, +3% to +6%