BrightView Holdings Reports Q1 Loss, Meets Earnings Expectations
BrightView Holdings Inc. (BV) reported a first-quarter fiscal loss of $10.4 million. Per-share loss was 20 cents, while adjusted earnings were 4 cents per share, aligning with Wall Street projections.
Revenue reached $599.2 million, slightly below analysts' expectations of $618.4 million.
BrightView projects full-year revenue between $2.75 billion and $2.84 billion.
The company's shares have gained 1% since the start of 2023. At Wednesday's closing bell, shares reached $16.10, marking an impressive 86% increase over the past year.