$BV
BrightView Holdings, Inc.
CIK:0001734713|SEC Filings
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Income Statement [Abstract] | ||||
| Net service revenues | $ 717.6 | $ 708.3 | $ 2,035.3 | $ 1,970.0 |
| Cost of services provided | 565.7 | 537.4 | 1,631.4 | 1,524.8 |
| Gross profit | 151.9 | 170.9 | 403.9 | 445.2 |
| Selling, general and administrative expense | 114.5 | 106.2 | 345.9 | 343.5 |
| Amortization expense | 5.1 | 7.1 | 16.7 | 22.3 |
| Income from operations | 32.3 | 57.6 | 41.3 | 79.4 |
| Other expense (income) | 9.0 | (0.7) | 8.9 | 0.1 |
| Interest expense, net | 14.9 | 13.4 | 42.1 | 40.3 |
| Income (loss) before income taxes | 8.4 | 44.9 | (9.7) | 39.0 |
| Income tax expense (benefit) | 2.3 | 12.6 | (2.3) | 10.7 |
| Net income (loss) | 6.1 | 32.3 | (7.4) | 28.3 |
| Less: Dividends on Series A convertible preferred shares | 8.9 | 8.9 | 26.8 | 26.8 |
| Net (loss) income attributable to common stockholders | $ (2.8) | $ 23.4 | $ (34.2) | $ 1.5 |
| Earnings (loss) per share: | ||||
| Basic (loss) earnings per share | $ (0.03) | $ 0.16 | $ (0.36) | $ 0.01 |
| Diluted earnings (loss) per share | $ (0.03) | $ 0.15 | $ (0.36) | $ 0.01 |
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions |
Jun. 30, 2026 |
Sep. 30, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 14.4 | $ 74.5 |
| Accounts receivable, net | 401.0 | 393.1 |
| Unbilled revenue | 111.1 | 113.1 |
| Other current assets | 83.3 | 85.6 |
| Total current assets | 609.8 | 666.3 |
| Property and equipment, net | 613.8 | 541.6 |
| Intangible assets, net | 49.8 | 66.5 |
| Goodwill | 2,015.7 | 2,015.7 |
| Operating lease assets | 74.8 | 72.1 |
| Other assets | 48.0 | 29.8 |
| Total assets | 3,411.9 | 3,392.0 |
| Current liabilities: | ||
| Accounts payable | 119.0 | 137.7 |
| Current portion of long-term debt | 7.4 | 0.0 |
| Deferred revenue | 79.2 | 87.6 |
| Current portion of self-insurance reserves | 53.2 | 52.3 |
| Accrued expenses and other current liabilities | 191.9 | 212.2 |
| Current portion of operating lease liabilities | 25.7 | 24.7 |
| Total current liabilities | 476.4 | 514.5 |
| Long-term debt, net | 875.3 | 790.2 |
| Deferred tax liabilities | 63.5 | 63.8 |
| Self-insurance reserves | 131.2 | 122.8 |
| Long-term operating lease liabilities | 55.0 | 53.5 |
| Other liabilities | 68.7 | 47.1 |
| Total liabilities | 1,670.1 | 1,591.9 |
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued or outstanding as of June 30, 2026 and September 30, 2025 | 0.0 | 0.0 |
| Common stock, $0.01 par value; 500,000,000 shares authorized; 111,400,000 and 110,000,000 shares issued and 92,800,000 and 94,800,000 shares outstanding as of June 30, 2026 and September 30, 2025, respectively | 1.1 | 1.1 |
| Treasury stock, at cost; 18,600,000 and 15,200,000 shares as of June 30, 2026 and September 30, 2025, respectively | (240.8) | (197.8) |
| Additional paid-in capital | 1,491.1 | 1,503.5 |
| Accumulated deficit | (20.3) | (12.9) |
| Accumulated other comprehensive (loss) | 3.6 | (0.9) |
| Total stockholders’ equity | 1,234.7 | 1,293.0 |
| Total liabilities, mezzanine equity and stockholders' equity | 3,411.9 | 3,392.0 |
| Series A Convertible Preferred Stock | ||
| Mezzanine equity: | ||
| Convertible preferred stock | $ 507.1 | $ 507.1 |