BrightView Holdings Inc (NYSE:BV) Q1 2019 Earnings Conference Call Transcript

Feb 07, 2019 • 10:00 am ET


BrightView Holdings Inc (NYSE:BV) Q1 2019 Earnings Conference Call Transcript


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Good morning, and welcome to BrightView's Fiscal First Quarter 2019 Earnings Conference Call. As a reminder, this call is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. The earnings press release is available on the Company's website, Additionally, the online webcast includes the presentation slides that will be referenced as part of today's discussion, and a downloadable copy is also available online.

I will now turn the call over to Dan Schleiniger, BrightView's Vice President of Investor Relations. Please go ahead.

Daniel Schleiniger

Thank you, operator, and good morning, everyone. I'm joined on today's call by Andrew Masterman, our Chief Executive Officer; and John Feenan, our Chief Financial Officer.

Before we begin, I want to remind listeners that some of the comments made today including responses to questions and information reflected in the presentation slides will be forward-looking and actual results may differ materially from those projected. Please refer to the Company's recent SEC filings for more detail on the risks and uncertainties that could impact the Company's future operating results and financial condition.

Comments may also include a discussion of certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures and other associated disclosures are contained in the earnings release on the Company's website. Disclaimers on forward-looking statements and non-GAAP financial measures apply both to the prepared remarks as well as the Q&A.

Finally, unless otherwise stated, all references to quarterly or annual results or periods refer to our fiscal years ended September 30 of each calendar year. The results for the first quarter of fiscal 2019, that we will discuss on today's call, are for the three months ended December 31st, 2018.

So with that, I'll turn the call over to BrightView's CEO, Andrew Masterman, who will provide an overview of our recent results, business strategy, and future outlook.

Andrew V. Masterman

Thanks, Dan. Good morning, everyone, and thank you for joining us on today's call.

Please turn to our agenda on Slide 4. This morning we are going to take you through our results for the first quarter of fiscal 2019 and how the quarter's unusual snowfall impacted those results. We will also update you on the progress we've been making towards building a sustainable platform from which to continue growing the BrightView business and generate long-term growth for our stockholders. As you will hear, over the last two years, we have implemented a number of initiatives to redesign the way we source new business and manage our existing customers. We've also made investments in both training and technology to provide our teams with a knowledge base and tools to better run their local businesses and make important decisions.

Another key driver in our plan for future growth is our strong-on-strong acquisition strategy. On our last call, I mentioned that we had acquired Russell Landscaping in Hartford, Connecticut. It has been only a few months since we closed on that acquisition, but we