![]() ![]() The company is launching autonomous mowing on several properties this year. Note that the EBITDA measure can be calculated in different ways based on what adjustments one makes to “earnings.”īrightView disclosed that it has $400 million in annual revenue in its pipeline of potential acquisitions. Collectively, revenue from the 84 companies grew 7.6 percent while BrightView’s revenue declined 6.7 percent.īrightView’s recent stock price of $15.07 per share implies an enterprise value of 10.6 times EBITDA (earnings before interest, taxes, depreciation and amortization).īrightView stated that it is acquiring companies at 5-7 times EBITDA. While the comparison is imperfect, it is interesting. BrightView only serves commercial customers. The companies participating in the Benchmark Report include companies servicing residential and commercial customers. 30, 2020 as compared with the prior year before considering the revenue from acquisitions completed during this period. ![]() The combined annual revenue for these companies was $599 million and included revenue from maintenance contracts, snow removal, construction and ancillary services.īrightView’s revenue declined 6.7 percent in the 12 months ended Sept. The average year over year revenue growth rate of the 84 companies that reported results for the past two years was 7.6 percent. The report contained data from 97 companies for the 12 months ended Sept. ![]() Recently, The Herring Group completed its 2020 Landscape Industry Benchmark Report. 31, 2019.īrightView’s negative organic growth compared with the industry After acquisitions, this revenue increased 3 percent.īefore acquisitions, the overall decline in landscape maintenance revenue was 6.6 percent in the quarter ended Decemas compared with the quarter ended Dec. Acquisitions provided $23.6 million of landscape maintenance revenue, $0.1 million of snow removal revenue, and $4.4 million of construction revenue during the most recent quarter.īrightView stated that its landscape maintenance revenue is down prior to acquisitions due to reduced demand for ancillary services related to COVID-19.īrightView also noted that its year over year quarterly maintenance contract revenue declined 2 percent before considering revenue from acquisitions completed after Dec. Revenue from landscape maintenance services declined $23.8 million before acquisitions. Revenue from its construction division, before considering the impact of acquisitions completed after Dec. In 2020, BrightView sold its tree farm and divested of certain other assets which caused a $7.5 million reduction in revenue in the most recent quarter. 31, 2020 compared with the quarter ended Dec. Increase its prices on existing customersĪs discussed in previous articles, BrightView needs to grow to maintain its stock price and repay its lenders.Ĭertainly, the presence of COVID-19 can make growth more difficult just as it can mask problems.īrightView’s revenue declined from $570.7 million to $554.4 million for the quarter ended Dec.enhancements and irrigation) to its customers Lose fewer existing maintenance contract customers.If a landscape company wants to grow its landscape maintenance revenue, it can: Greg Herring regularly writes for Landscape Management, providing financial analysis and insights tailored to landscape business owners. If this data is unavailable or inaccurate and you own or represent this business, click here for more information on how you may be able to correct it.This article originally appeared on on February 12, 2021. VIEW ADDITIONAL DATA Select from over 115 networks below to view available data about this business. ![]()
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