Filing Flows › BrightView Holdings (BV) › Q4 FY24
BrightView Holdings (BV) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 13, 2024
BrightView Holdings (BV) reported revenue of $729M for the fourth quarter fiscal 2024 (Q4 FY24), -2% from a year earlier and -1% from the quarter before. Operating margin was 7.1%, net earnings $25.6M (3.5% of revenue).
BrightView Holdings, Q4 FY24: revenue $729M (-2% year over year), operating margin 7.1%, net earnings $25.6M, operating cash flow $53.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $729M | -1% | -2% |
| Gross profit | $182M | +3% | -2% |
| Operating profit | $51.9M | +6% | -5% |
| Net earnings | $25.6M | +9% | +56% |
| Operating cash flow | $53.5M | +26% | +32% |
| Free cash flow | $21.1M | +9% | -22% |
What changed
Revenue was $728.7M in Q4 FY24, down 2% year over year and down 1% from the previous quarter.
Gross margin was 25.0%, unchanged from a year earlier. Operating profit was $51.9M, a 7.1% margin (down 0.2 points year over year). Operating expenses fell 1% while revenue fell 2%. Net earnings were $25.6M, up 56% year over year. The effective tax rate was 33.0%.
Operating cash flow was $53.5M (up 32% year over year), 209% of net earnings. Non-cash charges added back $37.0M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items used $14.2M. Capital expenditures of $32.4M left free cash flow of $21.1M.
Questions
What was BrightView Holdings' revenue in the fourth quarter fiscal 2024?
BrightView Holdings (BV) reported revenue of $729M for the fourth quarter fiscal 2024 (Q4 FY24), -2% from a year earlier and -1% from the quarter before.
Was BrightView Holdings profitable in the fourth quarter fiscal 2024?
Operating profit was $51.9M (7.1% of revenue) and net earnings $25.6M.