BrightView Holdings, Inc. (BV) Q2 2025 Earnings Call Transcript

2025-05-10 16:29:14 ET

BrightView Holdings, Inc. (BV)

Q2 2025 Results Conference Call

May 08, 2025 08:30 AM ET

Company Participants

Chris Stoczko - Vice President of Finance & Investor Relations

Dale Asplund - President & Chief Executive Officer

Brett Urban - Chief Financial Officer

Conference Call Participants

Greg Palm - Craig-Hallum Capital Group

Bob Labick - CJS Securities

Luke McFadden - William Blair

Stephanie Moore - Jefferies

George Tong - Goldman Sachs

Andy Wittmann - Baird

Toni Kaplan - Morgan Stanley

Zack Pacheco - Loop Capital

Presentation

Operator

Good day, everyone, and welcome to today's BrightView Earnings Call. [Operator Instructions] Please note, this call may be recorded. [Operator Instructions]

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

Chris Stoczko

Good morning, and thank you for joining BrightView's Second 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 a reconciliation of these measures.

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

Dale Asplund

Thank you, Chris, and good morning, everyone. Starting on Slide 5. We're off to a very strong start fiscal 2025, in fact, a record for both Q2 and year-to-date adjusted EBITDA. As we continue to transform this business, we believe our resilient business model and momentum in key underlying metrics has us well positioned to deliver another record year of adjusted EBITDA while continuing to reinvest in our business to support long-term profitable growth. As a result, we are raising our full year guidance on adjusted EBITDA, margins and free cash flow.

None of this would be possible without the unwavering focus of our approximately 20,000 team members who deliver best-in-class service to our customers on a daily basis.

Our outlook, both near and long term, is underpinned by the multiple initiatives underway, which we outlined in detail during our Investor Day back in February. These initiatives continue to be our North Star and are the key to delivering long-term sustainable profitable growth and creating meaningful shareholder value.

But I want to be clear, while we've come such a long way, we are still early in our transformation and have only just begun to unlock some of the significant opportunities that lie ahead of us to drive this business forward, both near and long term....

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