BV - BrightView Non-GAAP EPS of -$0.07 beats by $0.02 revenue of $650.4M beats by $16.86M

2023-05-04 06:53:53 ET

• BrightView press release ( NYSE: BV ): Q2 Non-GAAP EPS of -$0.07 beats by $0.02 .
• Revenue of $650.4M (-8.6% Y/Y) beats by $16.86M .
• Net loss of $22.0 million and Adjusted EBITDA of $46.8 million, above high-end of guidance.
• Net cash provided by operating activities of $84.6 million, an increase of $19.9 million or 30.8% compared to $64.7 million in the prior year. Free cash flow of $71.4 million, an increase of $40.9 million or 134.1% compared to $30.5 million in the prior year.

• Company Provides Third Quarter and Full Year Fiscal 2023 Guidance

• Third Quarter Total Revenue of $770 - $790 million vs $784.24M Consensus

• Adjusted EBITDA of $99 - $104 million.

• Full Year Total Revenue of $2.82 - $2.86 billion, vs $2.84B Consensus,

• Adjusted EBITDA of $292 - $303 million.

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