BrightView Holdings (7BV) Q4 2026 Earnings Report

The call was broadly positive. Management highlighted accelerating recurring land growth, six consecutive quarters of positive net new sales, improved turnover and retention, strong efficiency initiatives, and fiscal 2027 guidance for revenue growth, margin expansion, and free cash flow generation. These positives outweighed the significant challenges in the cyclical development business, including residential weakness, project delays, lower expected snow revenue, and ongoing fuel headwinds.

For fiscal '27, BrightView expects total revenue in the range of $2.535 billion to $2.72 billion, land maintenance revenue growth of approximately 3% to 4%, development revenue down approximately 10% at the midpoint, and snow revenue at its 5-year average of approximately $210 million to $230 million; adjusted EBITDA is expected in the range of $335 million to $355 million, representing a margin of at least 13% and margin expansion of 110 basis points, with first half fuel headwinds of approximately $4 million to $6 million, and adjusted free cash flow of $110 million to $130 million, reflecting a conversion of nearly 35% at the midpoint, net CapEx of $100 million to $120 million, cash interest of $55 million to $60 million and cash taxes of approximately $5 million to $10 million. The plan includes roughly 100 heads, or about $9 million to $11 million, in incremental sales resources; price of 3% to 4% with 1.5% or 2% back in scope; and development revenue could be 10% to 20% down given residential delays, data center potential delays and some shifts of timing in the commercial business.