BV - BrightView reports FQ3 earnings miss; raises FY22 revenue and issues Q4 guidance

• BrightView press release ( NYSE: BV ): FQ3 Non-GAAP EPS of $0.43 misses by $0.06 .
• Revenue of $747.4M (+11.0% Y/Y) beats by $17.46M .
• Adjusted EBITDA of $94.3M, an increase of 0.7% compared to Adjusted EBITDA of $93.6M in the prior year; Adjusted EBITDA margin of 12.6%, a decrease of 130 basis points compared to Adjusted EBITDA margin of 13.9% in the prior year.
• The company updates Fourth Quarter and Full Year Fiscal 2022 Guidance : Fourth Quarter Total Revenue of $711 - $731 million vs. consensus of $727.09M, and Adjusted EBITDA of $88 - $94 million.

• Full Year Total Revenue of $2,762 - $2,782 million vs. consensus of $2.76B, and Adjusted EBITDA of $285 - $291 million.

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