BrightView Holdings lowers its revenue guidance
BrightView Holdings recently lowered its fiscal year 2025 revenue guidance due to “macro-economic factors [that] impact our revenue performance.”
The company said it now expects total revenue of $2.68 billion to $2.73 billion, down from its previous forecast of $2.75 billion to $2.84 billion issued on May 7. BrightView cited timing delays in development projects and reduced discretionary spending as factors impacting its performance. BrightView maintained, meanwhile, its adjusted EBITDA guidance at $348 million to $362 million, compared to the previous range of $345 million to $365 million.
“While we are seeing macro-economic factors impact our revenue performance, including timing delays of development projects and reduced discretionary spend, we continue to execute on our One BrightView strategy and expect continued operational efficiencies in fiscal 2025 and beyond, as reflected in our updated guidance,” said Dale Asplund, BrightView president and CEO.
BrightView now anticipates maintenance land revenue to be approximately -2% to flat excluding non-core business, a downward revision from its previous projection of 1% to 3% growth. Development revenue growth was also cut from 3% to 6% to approximately -2% to flat.
