BV on NYSE

BrightView Holdings, Inc.

In its 2025 annual report the company says: “We are the largest provider of commercial landscaping services in the United States, with revenues approximately 4 times those of our next largest commercial landscaping competitor. We provide commercial landscaping services, ranging from landscape maintenance and enhancements to tree care and landscape development. We operate through a differentiated and integrated national service model which systematically delivers services at the local level by combining our network of over 265 branches with a qualified service partner network.”6 It is headquartered in Blue Bell, United States.2 Its shares trade on NYSE under the symbol BV.2

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Last updated Oct 21, 2026.

Overview

$2.7BRevenue, fiscal 20253
$56.0MNet income, fiscal 20253

Compare with Mission Produce, Inc., Calavo Growers or Golden Growers Cooperative, or pick any stock.

  • TickerBV on NYSE2
  • IndustryAgricultural Services2
  • HeadquartersBlue Bell, United States2
  • Incorporated inDE4
  • Business address980 Jolly Road, Suite 300, Blue Bell, Pa 194224
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI549300F8QN8YHVI7L8662
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 54288612

We are the largest provider of commercial landscaping services in the United States, with revenues approximately 4 times those of our next largest commercial landscaping competitor. We provide commercial landscaping services, ranging from landscape maintenance and enhancements to tree care and landscape development. We operate through a differentiated and integrated national service model which systematically delivers services at the local level by combining our network of over 265 branches with a qualified service partner network. Our branch delivery model underpins our position as a single-source end-to-end landscaping solution provider to our diverse customer base at the national, regional and local levels, which we believe represents a significant competitive advantage. We believe our commercial customer base understands the financial and reputational risk associated with inadequate …6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.3%Gross margin3
5.0%Operating margin3
2.1%Net margin3
-3.4%Revenue growth, 20253
4.3%Return on equity3
0.61×Debt to equity3
$37.6MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Landscape Maintenance brought in 89% of the revenue BrightView Holdings, Inc. broke down this way in fiscal 2025.

  1. Landscape Maintenance$1.7B389%down 4% from 2024
  2. Snow Removal$210.8M311%down 5% from 2024
Products and services by year
Products and services202320242025
Landscape Maintenance$1.9B$1.7B$1.7B
Snow Removal$209.0M$220.8M$210.8M

Business segments

Maintenance Services brought in 71% of the revenue BrightView Holdings, Inc. broke down this way in fiscal 2025.

  1. Maintenance Services$1.9B371%down 4% from 2024
  2. Development Services$789.1M329%down 2% from 2024
Business segments by year
Business segments202320242025
Maintenance Services$2.1B$2.0B$1.9B
Development Services$758.0M$808.8M$789.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue77¢$2.1B
  • Selling, general and admin17¢$457.8M
  • Other costs1¢$28.9M
  • Interest2¢$53.7M
  • Income tax1¢$25.3M
  • Profit2¢$56.0M

Out of $2.7B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending87¢$254.2M
  • Share buybacks8¢$24.2M
  • Kept or used elsewhere5¢$13.4M

Out of $291.8M of cash from operations.3

Financial statements

Revenue78910113$2.7B in 2025+14% since 2018
0$1.0B$2.0B$3.0B2018: $2.4B$2.4B20182019: $2.4B$2.4B2019+2%2020: $2.3B$2.3B2020−2%2021: $2.6B$2.6B2021+9%2022: $2.8B$2.8B2022+9%2023: $2.8B$2.8B2023+1%2024: $2.8B$2.8B2024−2%2025: $2.7B$2.7B2025−3%
Gross profit78910113$621.7M in 2025−1% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $626.1M$626.1M20182019: $638.2M$638.2M2019+2%2020: $595.3M$595.3M2020−7%2021: $650.8M$650.8M2021+9%2022: $674.8M$674.8M2022+4%2023: $678.9M$678.9M2023+1%2024: $645.6M$645.6M2024−5%2025: $621.7M$621.7M2025−4%
Operating income78910113$134.6M in 2025+237% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $40.0M$40.0M20182019: $129.7M$129.7M2019+224%2020: $12.1M$12.1M2020−91%2021: $90.5M$90.5M2021+648%2022: $88.4M$88.4M2022−2%2023: $101.0M$101.0M2023+14%2024: $156.9M$156.9M2024+55%2025: $134.6M$134.6M2025−14%
Net income78910113$56.0M in 2025
-$50.0M0$50.0M$100.0M2018: -$15.1M-$15.1M20182019: $44.4M$44.4M20192020: -$41.6M-$41.6M20202021: $46.3M$46.3M20212022: $14.0M$14.0M2022−70%2023: -$7.7M-$7.7M20232024: $66.4M$66.4M20242025: $56.0M$56.0M2025−16%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-09-302024-09-302023-09-30
Net service revenues$2.7B$2.8B$2.8B
Cost of services provided$2.1B$2.1B$2.1B
Gross profit$621.7M$645.6M$678.9M
Selling, general and administrative expense$457.8M$496.5M$533.4M
Gain on divestiture$0-$43.6M$0
Amortization expense$29.3M$35.8M$44.5M
Income from operations$134.6M$156.9M$101.0M
Other (income) expense-$400.0K-$2.0M$6.7M
Interest expense, net$53.7M$62.4M$97.4M
Income (loss) before income taxes$81.3M$96.5M-$3.1M
Income tax expense$25.3M$30.1M$4.6M
Net income$56.0M$66.4M-$7.7M
Less: dividends on Series A convertible preferred shares$35.8M$35.7M$3.2M
Net income (loss) attributable to common stockholders$20.2M$30.7M-$10.9M
Basic earnings per share$0.13$0.21-$0.12
Diluted earnings per share$0.13$0.20-$0.12

Compare BrightView Holdings, Inc. with another company

Corporate structure

BrightView Holdings, Inc. sits at the top of its group. 16 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BrightView Holdings, Inc.

  • BrightView Holdings, Inc. Blue Bell, Pennsylvania, United States
    • BrightView Companies, LLC Subsidiary · California, United States
    • Brightview Enterprise Solutions, LLC Subsidiary · Florida, United States
    • BrightView Funding LLC Subsidiary · Delaware, United States
    • BrightView Golf Maintenance, Inc. Subsidiary · California, United States
    • BrightView Landscape Development, Inc. Subsidiary · California, United States
    • BrightView Landscape Services ULC Subsidiary · British Columbia, Canada
    • BRIGHTVIEW LANDSCAPES, LLC Subsidiary · Wilmington, Delaware, United States
    • BrightView Tree Care Services, Inc. Subsidiary · California, United States
    • E.I.I. Holding Co. Subsidiary · Delaware, United States
    • Environmental Earthscapes, Inc. Subsidiary · Arizona, United States
    • Greater Texas Landscapes, Inc. Subsidiary · Texas, United States
    • GTI 1, Inc. Subsidiary · Nevada, United States
    • Plumeria Insurance Co., Inc. Subsidiary · Hawaii, United States
    • ValleyCrest Holding Co. Subsidiary · Delaware, United States
    • William A. Guthridge and Son, Inc. Subsidiary · California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BrightView Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.1B3 Sep 30, 2025$934.5M3 Sep 30, 2024+16.9%
Accumulated depreciation$550.9M3 Sep 30, 2025$542.6M3 Sep 30, 2024+1.5%
Property and equipment, net$541.6M3 Sep 30, 2025$391.9M3 Sep 30, 2024+38.2%
Finance-lease assets$79.3M3 Sep 30, 2025$67.7M3 Sep 30, 2024+17.1%
Operating-lease assets (leased space)$72.1M3 Sep 30, 2025$81.3M3 Sep 30, 2024−11.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$74.5M3 Sep 30, 2025$140.4M3 Sep 30, 2024−46.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.0B3 Sep 30, 2025$2.0B3 Sep 30, 20240%
Intangible assets, net (excluding goodwill)$66.5M3 Sep 30, 2025$95.8M3 Sep 30, 2024−30.6%
Finite-lived intangibles, gross$715.9M3 Sep 30, 2025$715.9M3 Sep 30, 20240%
Accumulated amortization$649.4M3 Sep 30, 2025$620.1M3 Sep 30, 2024+4.7%
Finite-lived intangibles, net$66.5M3 Sep 30, 2025$95.8M11 Sep 30, 2024−30.6%

Properties, in its own words

Our corporate headquarters is a leased facility located at 980 Jolly Road, Suite 300, Blue Bell, Pennsylvania 19422.

We and our operating companies own and lease a variety of facilities primarily located in the United States, for branch and service center operations and for office, call center and storage space. Our branches are strategically located to optimize route efficiency, market coverage and branch overhead. The following chart identifies the number of owned and leased facilities, other than our headquarters listed above, used by each of our operating segments as of September 30, 2025. We believe that these facilities, when considered with our headquarters, are in good operating condition and suitable and adequate to support the current needs of our business.

The rest of Item 2

Segment (1) · OwnedFacilities · LeasedFacilities

Maintenance Services · 31 · 209

Development Services · 3 · 12

Corporate · — · 1

Total · 34 · 222

(1) 19 facilities are shared between our Maintenance Services and Development Services segments and each facility is counted once, in the Maintenance Services segment, to avoid double counting. The Company leases 11 of our shared facilities and owns 8.

Item 2 of the 10-K filed Nov 19, 2025.6

Leadership

Who has led BrightView Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (23)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • BrightView Companies, LLC California5
  • BrightView Funding LLC Delaware5
  • BrightView Golf Maintenance, Inc. California5
  • BrightView Landscape Development, Inc. California5
  • BrightView Landscape Services ULC British Columbia, Canada5
  • BrightView Landscape Services, Inc. Arizona5
  • BrightView Landscapes, LLC Delaware5
  • BrightView Tree Care Services, Inc. California5
  • Brightview Enterprise Solutions, LLC Florida5
  • E.I.I. Holding Co. Delaware5
  • Environmental Earthscapes, Inc. Arizona5
  • GTI 1, Inc. Nevada5
  • Greater Texas Landscapes, Inc. Texas5
  • Plumeria Insurance Co., Inc. Hawaii5
  • ValleyCrest Holding Co. Delaware5
  • William A. Guthridge and Son, Inc. California5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 4, 20268-K Results of operations49
  2. Jun 18, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure50
  3. May 5, 20268-K Entered a material agreement; New debt or obligation51
  4. Mar 3, 20268-K Shareholder vote52
  5. Feb 3, 20268-K Results of operations53
  6. Nov 19, 20258-K Results of operations54
  7. Aug 6, 20258-K Financial statements and exhibits55
  8. Jul 1, 20258-K Results of operations; Regulation FD disclosure56
  9. Jun 6, 20258-K Entered a material agreement57
  10. May 7, 20258-K Results of operations58
  11. Mar 5, 20258-K Shareholder vote59
  12. Feb 5, 20258-K Results of operations60
  13. Oct 3, 2023New chief executive Dale A. Asplund becomes CEO17
  14. Jun 5, 2023New chief executive James R. Abrahamson becomes CEO16
  15. Jun 28, 2018New chief executive Andrew Masterman becomes CEO18
  16. Nov 7, 2013Founded BrightView Holdings, Inc. is founded2

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.24 a share, on Nov 19, 2025.61

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results49
  2. Feb 3, 2026Reported quarterly or annual results53
  3. Nov 19, 2025Reported quarterly or annual results54
  4. Jul 1, 2025Reported quarterly or annual results56
  5. May 7, 2025Reported quarterly or annual results58
  6. Feb 5, 2025Reported quarterly or annual results60
  7. Nov 13, 2024Reported quarterly or annual results62
  8. Jul 31, 2024Reported quarterly or annual results63

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

422 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 279 insider forms, 21 large holders, 47 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 1, 20264 EDGAR
  3. Oct 1, 20264 EDGAR
  4. Oct 1, 20264 EDGAR
  5. Oct 1, 20264 EDGAR
  6. Aug 6, 20264 EDGAR
  7. Aug 4, 20268-K EDGAR
  8. Aug 4, 202610-Q EDGAR
  9. Jul 1, 20264 EDGAR
  10. Jul 1, 20264 EDGAR
  11. Jul 1, 20264 EDGAR
  12. Jul 1, 20264 EDGAR
  13. Jun 18, 20268-K EDGAR
  14. May 5, 20268-K EDGAR
  15. May 5, 202610-Q EDGAR
  16. Apr 6, 20264 EDGAR
  17. Apr 1, 20264 EDGAR
  18. Apr 1, 20264 EDGAR
  19. Apr 1, 20264 EDGAR
  20. Apr 1, 20264 EDGAR

The 422 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 9 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 6, 2026Cornog William LDirectorBuy50,000$11.25$562.4KForm 4
Feb 6, 2026Cornog William LDirectorBuy5,000$13.46$67.3KForm 4
Dec 2, 2025Cornog William LDirectorBuy10,000$12.84$128.4KForm 4
Dec 1, 2025Gottsegen Jonathan MarkEVP, CLO & Corporate SecretarySale35,000$12.62$441.7KForm 4
Aug 26, 2025Urban Brett NicholasChief Financial OfficerSale62,619$14.54$910.5KForm 4
Aug 25, 2025Urban Brett NicholasChief Financial OfficerSale14,800$14.66$217.0KForm 4
Aug 25, 2025Orders Amanda MarieEVP & CHROSale70,000$14.78$1.0MForm 4
Jun 6, 2025KKR Group Co. Inc.10% ownerSale11,600,000$14.40$167.0MForm 4
Jun 6, 2025KKR North America Fund XI L.P.10% ownerSale11,600,000$14.40$167.0MForm 4
Mar 14, 2025Barker Kurtis TDirectorBuy40,000$13.25$530.0KForm 4
Feb 21, 2025Cornog William LDirectorBuy10,000$13.50$135.0KForm 4
Nov 19, 2024Gottsegen Jonathan MarkEVP, CLO & Corporate SecretarySale18,398$15.56$286.3KForm 4
Nov 15, 2024Gottsegen Jonathan MarkEVP, CLO & Corporate SecretarySale29,658$16.06$476.3KForm 4
May 23, 2024KKR Group Holdings Corp.10% ownerSale17,500,000$12.48$218.4MForm 4
May 23, 2024KKR North America XI Ltd10% ownerSale17,500,000$12.48$218.4MForm 4
Nov 30, 2023DONNELLY THOMAS CPresident, Landscape Dev.Buy1,000$7.67$7.7KForm 4
Nov 20, 2023Cornog William LDirectorBuy30,000$7.34$220.2KForm 4
Nov 20, 2023Gottsegen Jonathan MarkEVP, CLO & Corporate SecretarySale59,403$7.34$436.0KForm 4
May 20, 2022DONNELLY THOMAS CPresident, Landscape Dev.Buy5,000$11.75$58.8KForm 4
Jan 19, 2022MSD Partners, L.P.10% ownerSale5,906,954$13.98$82.6MForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dale AsplundPresident and CEO57$950.0K$6.4M72
2025Brett UrbanExecutive Vice President, CFO43$550.0K$2.3M72
2025Jonathan GottsegenExecutive Vice President, Chief Legal Officer and Corporate Secretary59$553.0K$1.8M72
2025Amanda OrdersExecutive Vice President, CHRO48$450.0K$1.6M72
2025Michael DozierExecutive Vice President, Chief Commercial Officer64$425.0K$1.4M72
2024Dale AsplundPresident and CEO57$950.0K$15.8M72
2024Brett UrbanExecutive Vice President, CFO43$525.0K$2.1M72
2024Jonathan GottsegenExecutive Vice President, Chief Legal Officer and Corporate Secretary59$553.0K$1.8M72
2024Amanda OrdersExecutive Vice President, CHRO48$450.0K$1.5M72
2024Michael DozierExecutive Vice President, Chief Commercial Officer64$425.0K$1.4M72
2023Jonathan GottsegenExecutive Vice President, Chief Legal Officer and Corporate Secretary59$553.0K$2.5M72
2023Amanda OrdersExecutive Vice President, CHRO48$425.0K$2.4M72
2023Brett UrbanExecutive Vice President, CFO43$450.0K$1.9M72

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Kohlberg Kravis Roberts & Co. L.P.21,533,123$308.9M5.7%No change
BlackRock, Inc.5,652,177$80.1M0.0%+437,052
Dimensional Fund Advisors LP5,476,335$77.6M0.0%+207,579
Goldman Sachs Group Inc3,888,211$55.1M0.0%+1,150,436
Vanguard Portfolio Management LLC3,224,862$45.7M0.0%−33,013
Vanguard Capital Management LLC3,106,504$44.0M0.0%+9,644
Harvey Partners, LLC3,078,797$43.6M3.0%+140,797
Cooke & Bieler LP2,509,527$35.6M0.4%−1,353,071
Fmr LLC2,433,288$34.5M0.0%+223,794
Newtyn Management, LLC1,940,000$27.5M3.4%−160,000
Alliancebernstein L.P.2,276,098$26.8M0.0%−42,128
Geode Capital Management, LLC1,797,397$25.5M0.0%+84,543
State Street Corp1,726,815$24.5M0.0%+127,269
Two Sigma Investments, LP1,619,826$23.0M0.0%+101,366
Royce & Associates LP1,510,998$21.4M0.2%+1,090,887
Mackenzie Financial Corp1,351,852$19.2M0.0%+1,011,944
Punch & Associates Investment Management, Inc.1,184,042$16.8M0.8%+67,211
Arrowstreet Capital, Limited Partnership1,123,648$15.9M0.0%+397,269
Millennium Management LLC1,067,917$15.1M0.0%−267,998
Charles Schwab Investment Management Inc1,016,593$14.4M0.0%−91,512
Boston Partners899,918$12.8M0.0%−1,206,548
Telemark Asset Management, LLC850,000$12.0M0.9%No change
AWH Capital, L.P.850,000$12.0M4.2%+557,500
Qube Research & Technologies Ltd837,222$11.9M0.0%−414,956
Ophir Asset Management Pty Ltd782,131$11.1M0.9%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How BrightView Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBrightView Holdings, Inc.1
  • CIK0001734713
  • Employer ID (EIN)46-41907886
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsSeptember 301
  • Industry code (SIC)0700 Agricultural Services1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address980 Jolly Road, Suite 300, Blue Bell, PA 194221
  • Phone(484) 567-72041
  • Shares outstanding92,600,000 as of Jul 31, 202614
  • Public float$774.1M as of Mar 31, 20256
  • AuditorDeloitte & Touche LLP, Philadelphia, PA PCAOB ID 34; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceApr 2, 20181
  • Filings633 in all: 4 (372), 8-K (85), 3 (33), 10-Q (25), CORRESP (12), SC 13G/A (11), DEFA14A (10), UPLOAD (9)1
    All 34 form types

    10-K (8), DEF 14A (8), 144 (7), 424B7 (6), SC 13G (6), SCHEDULE 13G/A (5), ARS (4), EFFECT (4), S-8 (4), 8-K/A (3), S-3 (3), SCHEDULE 13G (3), S-1/A (2), 4/A (1), 424B4 (1), 8-A12B (1), CERT (1), DEF 14C (1), DRS (1), DRS/A (1), DRSLTR (1), PRE 14A (1), PRE 14C (1), S-1 (1), S-3ASR (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Nov 19, 2025
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Jan 15, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $0.01 Per ShareBVNew York Stock Exchange

From the cover page of the 10-K filed Nov 19, 2025 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks BrightView Holdings, Inc. names in Item 1A of its 10-K filed Nov 19, 2025: 48 risks under these headings, as written.6

  • Risks Related to Our Business
  • Our industry and the markets in which we operate are highly competitive and increased competitive pressures could reduce our share of the markets we serve and adversely affect our business, financial position, results of operations and cash flows.
  • Our business success depends on our ability to preserve long-term customer relationships.
  • We may be adversely affected if customers reduce their outsourcing.
  • Because we operate our business through dispersed locations across the United States, our operations may be materially adversely affected by inconsistent practices and the operating results of individual branches may vary.
  • We may not successfully implement our business strategies, including achieving our growth objectives.
  • Future acquisitions or other strategic transactions could negatively impact our reputation, business, financial position, results of operations and cash flows.
  • Seasonality affects the demand for our services and our results of operations and cash flows.
  • Our operations are impacted by weather conditions and climate change.
  • If we are unable to accurately estimate the overall risks, requirements or costs when we bid on or negotiate contracts that are ultimately awarded to us, we may achieve lower than anticipated profits or incur contract losses.
  • Our landscape development services have been, and in the future may be, adversely impacted by fluctuations or declines in the new commercial construction sector, as well as in spending on repair and upgrade activities. Such variability in this part of our business could result in lower revenues and reduced cash flows and profitability.
  • Our results of operations for our snow removal services depend primarily on the level, timing and location of snowfall. As a result, a decline in frequency or total amounts of snowfall in multiple regions for an extended time could cause our results of operations to decline and adversely affect our ability to generate cash flows.
The other 37 risks
  • Our success depends on our executive management and other key personnel.
  • Our future success depends on our ability to attract, retain and maintain positive relations with workers.
  • Our business could be adversely affected by a failure to properly verify the employment eligibility of our employees.
  • Our use of subcontractors to perform work under certain customer contracts exposes us to liability and financial risk.
  • A significant portion of our assets consists of goodwill and other intangible assets, the value of which may be reduced if we determine that these assets are impaired.
  • If we fail to comply with requirements imposed by applicable law or other governmental regulations, we could become subject to lawsuits, investigations and other liabilities and restrictions on our operations that could significantly and adversely affect our business.
  • Compliance with environmental, health and safety laws and regulations, including laws pertaining to the use of pesticides, herbicides and fertilizers, or liabilities thereunder, as well as the risk of potential litigation, could result in significant costs that adversely impact our reputation, business, financial position, results of operations and cash flows.
  • Adverse litigation judgments or settlements resulting from legal proceedings relating to our business operations could materially adversely affect our business, financial position and results of operations.
  • Tax increases and changes in tax rules may adversely affect our financial results
  • Some of the equipment and vehicles that our employees use are dangerous, and an increase in accidents resulting from the use of such equipment and vehicles could negatively affect our reputation, results of operations and financial position.
  • Any failure, inadequacy, interruption, security failure or breach of our information technology systems, whether owned by us or outsourced or managed by third parties, could harm our ability to effectively operate our business and could have a material adverse effect on our business, financial position and results of operations.
  • Our failure to comply with data privacy regulations could adversely affect our business.
  • We may not be able to adequately protect our intellectual property, which could harm the value of our brand and adversely affect our business.
  • Risks Related to Our Indebtedness
  • Our substantial indebtedness could have important adverse consequences and adversely affect our financial condition.
  • Our variable rate indebtedness subjects us to interest rate risk, which has caused our interest expense to increase significantly.
  • We utilize derivative financial instruments to reduce our exposure to market risks from changes in interest rates on our variable rate indebtedness and we will be exposed to risks related to counterparty credit worthiness or non-performance of these instruments.
  • We are subject to counterparty default risk.
  • Our debt agreements contain restrictions that limit our flexibility in operating our business.
  • We may be unable to generate sufficient cash flow to satisfy our significant debt service obligations, which could have a material adverse effect on our business, financial condition and results of operations.
  • We and our subsidiaries may incur substantially more debt, including off-balance sheet financing, contractual obligations and general and commercial liabilities. This could exacerbate the risks to our financial condition described above.
  • If the financial institutions that are part of the syndicate of our Revolving Credit Facility fail to extend credit under our facility or reduce the borrowing base under our Revolving Credit Facility, our liquidity and results of operations may be adversely affected.
  • Risks Related to Ownership of Our Common Stock
  • Future sales, or the perception of future sales, of equity securities by us or our affiliates, could cause the market price for our common stock to decline.
  • KKR and One Rock have the ability to exert significant influence over us and their interests may conflict with ours or yours in the future.
  • Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
  • Our Board of Directors is authorized to issue and designate shares of our preferred stock in additional series without stockholder approval.
  • Holders of the Series A Preferred Stock have certain voting and other rights that may adversely affect holders of our common stock, and the holders of the Series A Preferred Stock may have different interests from and vote their shares in a manner deemed adverse to, holders of our common stock.
  • The dividend and liquidation rights of the Series A Preferred Stock may adversely affect our financial position and the rights of the holders of our common stock.
  • Our certificate of incorporation provides, subject to limited exceptions, that the Court of Chancery of the State of Delaware and the federal district courts of the United States of America will be the sole and exclusive forums for certain stockholder litigation matters, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.
  • General Risk Factors
  • Our business is affected by general business, financial market and economic conditions, which could adversely affect our financial position, results of operations and cash flows.
  • Increases in raw material costs, fuel prices, wages and other operating costs, and changes in our ability to source adequate supplies and materials in a timely manner, can adversely impact our business, financial position, results of operations and cash flows.
  • Natural disasters, terrorist attacks, global health emergencies and other external events could adversely affect our business.
  • We face risks related to heightened inflation, geopolitical conflicts, recession, financial market disruptions and other economic conditions.
  • Our reputation and/or business could be negatively impacted by corporate responsibility matters and/or our reporting of such matters.
  • Our stock price may change significantly, and you may not be able to resell shares of our common stock at or above the price you paid or at all, and you could lose all or part of your investment as a result.
  • If securities analysts do not publish research or reports about our business or if they downgrade our stock or our sector, our stock price and trading volume could decline.
  • Maintaining the requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified Board members.
  • Failure to comply with requirements to maintain effective internal controls could have a material adverse effect on our business and stock price.

Legal proceedings

The information set forth in Note 14 "Commitments and Contingencies" to our consolidated financial statements under Part II, Item 8, “Financial Statements and Supplementary Data,” is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.6

Sources

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