Earnings Releases·Nov 10, 2026, 4:15 PM ET

BrightView — Fourth Quarter and Fiscal 2026 Earnings Summary

Fiscal 2026 net service revenue grew 1.5% year-over-year to $2.7 billion, driven by a 6% increase in Maintenance Services, though full-year net income plummeted 98.2% to $1.0 million and Adjusted EBITDA fell 6.6% to $328.9 million.
Management guided Fiscal 2027 total revenue to $2.535–$2.720 billion and Adjusted EBITDA to $335–$355 million, projecting a return to margin expansion with ~13.2% margins and 3–4% growth in recurring Land Maintenance.
Development Services revenue declined 9.4% for the full year due to macroeconomic headwinds and project timing, with Fiscal 2027 guidance reflecting a 20% decline to flat performance in this segment.
Capital allocation included $225.0 million in capital expenditures (down 11.5%) and $1.2 million in share repurchases in Q4, while total net financial debt rose 26.3% to $1.01 billion, increasing the debt-to-EBITDA ratio to 3.1x.