BrightView Holdings has reported unaudited results for the fourth quarter, which ended Sept.30, 2022.
“We are pleased to report record revenues for the fourth quarter and fiscal year 2022, anchored by land organic growth of 4.4%, exceeding our long-term plans and significantly outpacing industry growth. In addition, our accretive acquisitions continued to benefit our topline,” said Andrew Masterman, BrightView President and Chief Executive Officer. "Our results are powered by the hard work and dedication of our team members, and I am very thankful for their efforts. Looking ahead, we will continue to execute on our strategic plan to deliver another year of solid organic growth in fiscal 2023, while implementing initiatives to mitigate against externally driven headwinds and strengthen our profitability.”
For the fourth quarter of fiscal 2022, total revenue increased 7.4% to a record $723.4 million driven by $22.8 million from organic growth, or 3.4% of the total percentage increase quarter over quarter, and $26.9 million from acquired business, or 4.0% of the total percentage increase quarter over quarter.
For the fiscal year ending on Sept. 30, 2022, total revenue increased 8.7% to a record $2,774.6 million driven by $81.5 million from organic growth, or 3.2% of the total percentage increase quarter over quarter, and $139.5 million from acquired businesses, or 5.5% of the total percentage increase quarter over quarter.
For more information on BrightView’s financials, click here.