The following is a summary of the BrightView Holdings, Inc. (BV) Q2 2024 Earnings Call Transcript:

Financial Performance:

• BrightView Holdings reported Q2 total revenue of $673 million, up year-over-year by 3.5%.

• The company's adjusted EBITDA for Q2 saw a growth of 39%, going up to $64.8 million.

• BrightView revealed having a free cash flow of $89 million in the first half of the year.

• Their net leverage was reported at 2.4x indicating a significant reduction in debt and improved profitability.

Business Progress:

• BrightView recently sold its U.S. Lawns business and began to unwind its noncore aggregator business, BES.

• The company launched a partnership with Red Wing Shoes, facilitating quality footwear for team members and continues to upgrade its fleet and assets.

• It's undergoing a significant transition, streamlining its operating structure, integrating AI technology for customer servicing and impressively enhancing its EBITDA leading to optimistic forecasts for the second half of fiscal '24.

• BrightView is working on a customer-centric approach, intending to improve retention rates. It looks forward to returning to mergers and acquisitions in fiscal 2025, mainly focusing on the core maintenance contract business.

More details: BrightView Holdings IR

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