BrightView Reports Record Q2 EBITDA and Raises Full-Year Revenue Guidance
BrightView Holdings reported strong second-quarter fiscal 2026 results, marking a strategic turning point with total revenue rising 6% and record adjusted EBITDA of $79 million. The company raised its full-year revenue guidance to between $2.745 billion and $2.795 billion, driven by robust performance in landscape maintenance and unusually high snow removal revenue. Landscape maintenance revenue grew 4%, achieving its first year-over-year increase since late 2023, while customer retention improved significantly to nearly 85%. Snow revenue surged 30% in the quarter due to heavy snowfall in the Mid-Atlantic and Northeast regions, contributing $85 million in the first half. Although development segment revenue declined 13% due to project timing delays, bookings increased by 15%, signaling future growth. Management attributed these improvements to their transformation strategy focusing on frontline employee retention and sales expansion. However, executives warned that volatile fuel costs could pressure results in the second half of the year. The land contract book also expanded by 3%, supported by four consecutive quarters of net new sales growth.
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BrightView Reports Record Q2 EBITDA and Raises Full-Year Revenue Guidance
BrightView Holdings reported strong second-quarter fiscal 2026 results, marking a strategic turning point with total revenue rising 6% and record adjusted EBITDA of $79 million. The company raised its full-year revenue guidance to between $2.745 billion and $2.795 billion, driven by robust performance in landscape maintenance and unusually high snow removal revenue. Landscape maintenance revenue grew 4%, achieving its first year-over-year increase since late 2023, while customer retention improved significantly to nearly 85%. Snow revenue surged 30% in the quarter due to heavy snowfall in the Mid-Atlantic and Northeast regions, contributing $85 million in the first half. Although development segment revenue declined 13% due to project timing delays, bookings increased by 15%, signaling future growth. Management attributed these improvements to their transformation strategy focusing on frontline employee retention and sales expansion. However, executives warned that volatile fuel costs could pressure results in the second half of the year. The land contract book also expanded by 3%, supported by four consecutive quarters of net new sales growth.
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