BrightView Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
August 04, 2022 at 06:19 am EDT
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BrightView Holdings, Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported net income was USD 10.8 million compared to USD 25.2 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.24 a year ago.
For the nine months, net loss was USD 1.3 million compared to net income of USD 19.5 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.19 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.18 a year ago.
BrightView Holdings, Inc. is a provider of commercial landscaping services in the United States. The Company designs, creates and maintains landscapes and provides comprehensive snow and ice removal services. The Company operates through two segments: maintenance services and development services. The maintenance services segment delivers a full suite of recurring commercial landscaping services ranging from mowing, gardening, mulching and snow removal, to more horticulturally advanced services, such as water management, irrigation maintenance, tree care, golf course maintenance and specialty turf maintenance. The development services segment provides landscape architecture and development services for new facilities and significant redesign projects. This segment services include project design and management services, landscape architecture, landscape installation, irrigation installation, tree moving and installation, pool and water features and sports field services, among others.