BV - BrightView Holdings Inc. (BV) Q1 2024 Earnings Call Transcript
2024-02-01 14:45:05 ET
BrightView Holdings, Inc. (BV)
Q1 2024 Results Conference Call
February 01, 2024 08:30 AM ET
Company Participants
Chris Stoczko - VP, Finance
Dale Asplund - President and CEO
Brett Urban - CFO
Conference Call Participants
Bob Labick - CJS Securities
Andrew Wittman - Robert W Baird & Co.
Tim Mulrooney - William Blair
Andrew Steinerman - JPMorgan
George Tong - Goldman Sachs
Presentation
Operator
Hello and welcome to the BrightView Holdings Q1 2024 Earnings Call. My name is Elliot, I'll be coordinating your call today. [Operator Instructions]
I'd like to hand over to Chris Stoczko, Vice President of Finance. The floor is yours, please go ahead.
Chris Stoczko
Good morning, and thank you for joining BrightView's first quarter fiscal 2024 earnings call. Dale Asplund, BrightView's President and Chief Executive Officer; and Brett Urban, Chief Financial Officer are on this call. I will now refer you to Slide two of the presentation, which can also be found on our Investor Relation Website and which contains our safe harbor disclaimer. This call may include forward-looking statements that are subject to certain risks and uncertainties.
In addition, during this call we will refer to certain non-GAAP financial measures. Please see our 8-K issued yesterday for reconciliation of these non-GAAP financial measures.
I will now turn the call over to Dale.
Dale Asplund
Thank you, Chris, and good morning, everyone. I will start today's call on Slide 4 with some highlights for the first quarter, and then provide an update on our strategic initiatives. I am pleased to report that we are off to a solid start in fiscal 2024, as we achieved meaningful progress on our objectives outlined under one BrightView. On our last earnings call, we set a clear and refreshed strategy, prioritize our employees, align our core businesses while ensuring our customers come first focus on profitable growth and unify the company under one BrightView. During the quarter, we began to successfully execute on this strategy by aligning our sales force to our local operating branches, reintegrating quarter self-perform businesses back into our branches, deemphasizing non-core portions of our business and continuing to focus on pursuing higher quality, profitable business. While these actions led to a modest impact on our maintenance revenue for the quarter. I am confident we are taking the necessary steps to ensure growth in the medium and long term....
BrightView Holdings, Inc. (BV) Q1 2024 Earnings Call Transcript