BrightView Holdings, Inc. (BV) Q1 2025 Earnings Call Transcript

2025-02-06 15:22:02 ET

BrightView Holdings, Inc. (BV)

Q1 2025 Earnings Conference Call

February 06, 2025, 08:30 AM ET

Company Participants

Chris Stoczko - Vice President of Finance and Investor Relations

Dale Asplund - President and Chief Executive Officer

Brett Urban - Chief Financial Officer

Conference Call Participants

Tim Mulrooney - William Blair

Bob Labick - CJS Securities

Greg Palm - Craig-Hallum Capital Group

Jeffrey Stevenson - Loop Capital

George Tong - Goldman Sachs

Andy Wittmann - Baird

Harold Antor - Jefferies

Alexander Hess - JPMorgan

Carl Reichardt - BTIG

Presentation

Operator

Good day, and welcome to BrightView's Earnings Call. [Operator Instructions] Please note today's call will be recorded and I'll be standing-by if you should need any assistance.

It is now my pleasure to turn the call over to Chris Stoczko, Vice President of Finance and Investor Relations. Please go ahead.

Chris Stoczko

Good morning, and thank you for joining BrightView's first quarter earnings call. Dale Asplund, BrightView's President and Chief Executive Officer; and Brett Urban, Chief Financial Officer, are on the call.

I will now refer you to Slides 2 and 3 of the presentation, which can also be found on our website and contains our safe harbor disclaimer. Our presentation includes forward-looking statements subject to risks and uncertainties. In addition, during the call, we will refer to certain non-GAAP financial measures. Please see our press release and 8-K issued yesterday for reconciliation of these measures.

Before turning the call over to Dale, I would like to highlight our upcoming Investor Day that we are hosting in New York City on February 19. The link to register is on Slide 16 of today's presentation and can also be found in the Investor Relations section of our website.

With that, I will now turn the call over to Dale.

Dale Asplund

Thank you, Chris, and good morning, everyone.

I'm happy to share we're off to a strong start in 2025 as the benefits of our evolving One BrightView culture continue to gain momentum. As I visit our branches, it is becoming increasingly clear the teams are working together to tackle the many initiatives underway and collectively sharing best practices, all while building stronger connections across the organization. This is highly encouraging and proof the One BrightView strategy is working and gaining traction.

Turning to Slide 5. I will provide a brief business update as well as hit on our 2025 priorities. We delivered double-digit EBITDA growth on a year-over-year basis and expanded EBITDA margins by 120 basis points with positive contributions from both segments. We are on track to deliver on our previously provided 2025 financial guidance which will result in another record EBITDA year as our transformation continues....

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