Business Wire·Nov 10, 2026, 4:10 PM ET

BrightView Reports Fourth Quarter and Fiscal 2026 Results With Third Consecutive Quarter of Land Maintenance Revenue Growth; Introduces Fiscal 2027 Guidance Underpinned by Margin Expansion and Accelerated Growth in Recurring Land Business

BrightView Holdings reported unaudited results for the three months and full fiscal year ended September 30, 2026.
Fourth quarter net service revenue decreased 3.6% year-over-year to $677.3 million.
Fourth quarter Maintenance Services revenue increased 3.2% year-over-year to $495.7 million.
Fourth quarter Development Services revenue decreased 17.8% year-over-year to $184.2 million.
Full year net service revenue increased 1.5% year-over-year to $2.7 billion.
Full year Maintenance Services revenue increased 6% year-over-year to $2.0 billion, including a 1.9% increase in Land Maintenance.
Full year Development Services revenue decreased 9.4% year-over-year to $714.9 million.
The company repurchased 1.2 million shares in the fourth quarter, bringing full year repurchases to 4.1 million shares.
Fiscal 2026 net income attributable to common shareholders was a loss of $34.8 million, compared to a profit of $12.8 million in 2025.
Full year Adjusted EBITDA decreased 6.6% to $328.9 million, with a margin of 12.1%.
Fiscal 2026 Adjusted Free Cash Flow was a negative $2.2 million, down from an inflow of $65.2 million in 2025.
Total Net Financial Debt increased to $1,013.9 million as of September 30, 2026, resulting in a debt-to-EBITDA ratio of 3.1x.
BrightView provided fiscal 2027 guidance projecting Land Maintenance revenue growth of 3% to 4% and Adjusted EBITDA between $335 million and $355 million.
The company expects Development Services revenue for fiscal 2027 to decline approximately 20% to remain flat, ranging from $572 million to $715 million.
A conference call to discuss these results is scheduled for November 11, 2026, at 8:30 a.m. EST.