Jul. 1 at 8:17 PM
$BV BrightView cuts FY25 revenue view to
$2.68B-
$2.73B from
$2.75B-
$2.84B
Consensus
$2.78B. Narrows FY25 adjusted EBITDA view to
$348M-
$362M from
$345M-
$365M. "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 Chief Executive Officer.
"We believe this revenue impact is timing-related and we remain committed to restoring top-line profitable growth in our Land business in the near-term, while executing against our prior commitments to deliver record Adjusted EBITDA and margins for fiscal 2025. We continue to make significant progress as we transform this business to drive long-term profitable growth and shareholder value."
