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12.06.25 - 22:18
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BrightView Declares Cash Dividend Payment on Preferred Stock (Business Wire)
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BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, announced today that the Company's Board of Directors has declared a cash dividend of $8.9 million on its Series A Preferred Stock. The dividend represents payment for the period from March 31, 2025, to June 30, 2025, and will be paid on July 1, 2025, to holders of record as of June 15, 2025. Today's dividend announcement marks the sixth consecutive quarterly cash payment made possible by the Company's continued balance sheet flexibility and commitment to avoid the dilutive impact caused by payment in kind.
On August 28, 2023, BrightView issued and sold an aggregate of 500,000 shares of its Series A Convertible Preferred Stock for an aggregate purchase price of $500 million. The Series A Preferred Stock is convertible into shares of BrightView common stock at a conversion price of $9.44 per share. Holders of the Series A Preferred Stock are entitled to a divid...
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05.06.25 - 12:51
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BrightView Announces Pricing of Upsized Secondary Offering (Business Wire)
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BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) (“BrightView”) today announced the pricing of an underwritten secondary offering by a selling stockholder affiliated with KKR & Co. Inc. (the “Selling Stockholder”) of 11,600,000 shares of common stock of BrightView pursuant to a registration statement filed by BrightView with the U.S. Securities and Exchange Commission (the “SEC”). No shares are being sold by BrightView. The Selling Stockholder will receive all of the proceeds from this offering. The offering is expected to close on June 6, 2025, subject to customary closing conditions. The size of the offering reflects an increase from the 10,000,000 shares of common stock originally proposed to be sold.
KKR Capital Markets, Craig-Hallum, BTIG, Morgan Stanley and Loop Capital Markets are acting as the active joint book-running managers for the offering. Baird, William Blair and CJS Securities are acting as the passive bookrunners for the offering. Oppenheimer & Co., MFR Se...
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07.05.25 - 22:12
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BrightView Posts Second Quarter Fiscal 2025 Earnings With Record Adjusted EBITDA and Raises Full Year Guidance (Business Wire)
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BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) (the “Company” or “BrightView”), the leading commercial landscaping services company in the United States, today reported unaudited results for the second quarter ended March 31, 2025.
SECOND QUARTER FISCAL 2025 SUMMARY
Year-to-date Net cash provided by operating activities of $151.7 million, an increase of $42.2 million,
Year-to-date Adjusted Free Cash Flow2 of $67.0 million, a decrease of $22.5 million,
Net service revenues decreased 1.5% year-over-year to $662.6 million,
Net income decreased $27.3 million year-over-year to $6.4 million, driven by a $43.6 million gain on divestiture in the prior year, Net income margin of 1.0%, for the second quarter,
Adjusted EBITDA2 increased 13.4% year-over-year to $73.5 million, Adjusted EBITDA margin2 expansion of 150 basis points,
Announced $100 million share repurchase program.
COMPANY UPDATES FISCAL YEAR 2025 GUIDANCE1
Prior Guidance
Updated Guidance
Total Revenue
$2.750 - $2.840...
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22.04.25 - 22:21
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BrightView Holdings, Inc. Announces Second Quarter Fiscal Year 2025 Earnings Release Date, Conference Call and Webcast (Business Wire)
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BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV) will release its earnings results for the second quarter fiscal year 2025 after the market closes on Wednesday, May 7, 2025. BrightView will hold a conference call to discuss its results the following morning, Thursday, May 8, 2025, at 8:30 a.m. EDT. Instructions to join the conference call and webcast are provided below:
Conference telephone number:
United States Dial-in:
(800) 274-8461
International Participant Dial-in:
(203) 518-9814
Access Code:
BRIGHT
This call will be recorded:
North American Replay:
(800) 839-3735
International Replay:
(402) 220-2977
Replay Available:
Until May 22, 2025, at 11:59 p.m. EDT
Access Code:
27525
BrightView President and Chief Executive Officer Dale Asplund, together with Executive Vice President and Chief Financial Officer Brett Urban, will host the conference call and webcast. The press release, earnings presentation and live webcast will al...
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13.03.25 - 21:21
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BrightView Announces $100 Million Share Repurchase Program (Business Wire)
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Anticipates Opportunistic Share Repurchases
Use of Open Market Repurchase Transactions
No Expected Expiration with Anticipated Spend Near and Long Term
BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, announced today that its Board of Directors has authorized a share repurchase program totaling $100 million. The repurchase program allows for ongoing investment in the business, while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases.
“As part of our continued focus on strategically allocating capital and driving shareholder value, we are pleased to announce this new share repurchase program,” said BrightView President and Chief Executive Officer Dale Asplund. “The strength in our balance sheet, coupled with our current valuation and unwavering commitment to drive sustainable and long-term profitable growth, gives us the confidence to reinstitute our share repurchase...
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12.03.25 - 21:21
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BrightView Declares Fifth Consecutive Cash Dividend Payment on Preferred Stock (Business Wire)
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BLUE BELL, Pa.--(BUSINESS WIRE)--BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, announced today that the Company's Board of Directors has declared a cash dividend of $8.8 million on its Series A Preferred Stock. The dividend represents payment for the period from December 31, 2024 to March 30, 2025, and will be paid on April 1, 2025 to holders of record as of March 15, 2025. Today's dividend announcement marks the fifth consecutive quarterly cash payment made possible by the Company's continued balance sheet flexibility and commitment to avoid the dilutive impact caused by payment in kind.
On August 28, 2023, BrightView issued and sold an aggregate of 500,000 shares of its Series A Convertible Preferred Stock for an aggregate purchase price of $500 million. The Series A Preferred Stock is convertible into shares of BrightView common stock at a conversion price of $9.44 per share. Holders of the Series A Preferred Stock are entitled to a d...
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