Published on 1 May 2024 on GuruFocus.com via Yahoo Finance
BrightView Holdings Inc (BV) Q2 Fiscal 2024 Earnings Overview
Revenue: Reported at $672.9 million for Q2, a 3.5% increase year-over-year, slightly below the estimated $683.80 million.Net Income: Surged to $33.7 million, a significant increase from a loss in the previous year, far exceeding the estimated $10.76 million.Earnings Per Share (EPS): Recorded at $0.17, substantially above the estimated $0.07.Free Cash Flow: Year-to-date figure rose dramatically to $89.4 million, up from $15.9 million in the prior year, indicating robust operational efficiency.Adjusted EBITDA: Increased by 38.5% to $64.8 million, with the margin expanding by 240 basis points, reflecting improved profitability.Guidance Update: Revised total revenue forecast for FY 2024 to $2.740 - $2.800 billion, with increased free cash flow projections of $55 - $75 million.Debt Management: Total net financial debt reduced to $753.9 million, with a lower debt to EBITDA ratio of 2.4x, enhancing financial stability.
Warning! GuruFocus has detected 6 Warning Signs with BV.