BrightView reports year-end financial results

BLUE BELL, Pa. — BrightView Holdings recently reported unaudited results for the fourth quarter and audited results for the full fiscal year ended September 30, 2021.

Among other results, the company revealed a total annual revenue of $2.533 billion, nearly a 9% increase compared to $2.3 billion in the prior year. Maintenance revenue increased by nearly 15%. Notably, the company reported a net income of $46.3 million, or $0.44 per share, and a net income margin of 1.8%, compared to net loss of $41.6 million, or ($0.40) per share, and a net loss margin of 1.8% in the prior year.

"As I look back on the last year, it is remarkable how much we persevered and have accomplished," said Andrew Masterman, BrightView President and Chief Executive Officer. "Ultimately, the basis of our success is our people who continue to navigate challenging circumstances and remain dedicated to professional excellence. Our people, their performance, and their intense customer focus is why I am confident in our ability to deliver continued profitable growth.”

To view the full results, click here.