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Segments | 9 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segments | 12. Segments The operation s of the Company are conducted through two operating segments: Maintenance Services and Development Services, which are also its reportable segments. Maintenance Services primarily consists of recurring landscape maintenance services and snow removal services as well as supplemental landscape enhancement services. Development Services primarily consists of landscape architecture and development services for new construction and large scale redesign projects. The operating segments identified above are determined based on the services provided, and they reflect the manner in which operating results are regularly reviewed by the Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. The CODM is the Company’s Chief Executive Officer. The CODM evaluates the performance of the Company’s operating segments based upon Net Service Revenues, Adjusted EBITDA and Capital Expenditures. Management uses Adjusted EBITDA to evaluate performance and profitability of each operating segment. The accounting policies of the segments are the same as those described in Note 2 “Summary of Significant Accounting Policies” in the notes to our consolidated financial statements in the Annual Report on Form 10-K for the fiscal year ended September 30, 2024. As previously disclosed, effective October 1, 2024, certain expenses previously classified as "Corporate", including corporate executive compensation, finance, legal and information technology and other corporate costs, are allocated to the two reportable segments on a pro rata basis, based on segment revenue. Prior period segment results have been recast to be consistent with the current presentation. There were no changes to the Company's consolidated financial statements. Eliminations represent eliminations of intersegment revenues. The Company does not currently provide asset information by segment, as this information is not used by management when allocating resources or evaluating performance. The following is a summary of certain financial data for each of the segments:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Maintenance Services |  | $ | 508.8 |  |  | $ | 524.7 |  |  | $ | 1,410.9 |  |  | $ | 1,477.5 |
Development Services |  |  | 201.3 |  |  |  | 215.0 |  |  |  | 565.0 |  |  |  | 564.8 |
Eliminations |  |  | (1.8 | ) |  |  | (0.9 | ) |  |  | (5.9 | ) |  |  | (3.9 | )
Net Service Revenues |  | $ | 708.3 |  |  | $ | 738.8 |  |  | $ | 1,970.0 |  |  | $ | 2,038.4 |
Maintenance Services |  | $ | 98.3 |  |  | $ | 16.8 |  |  | $ | 171.3 |  |  | $ | 34.7 |
Development Services |  |  | 5.2 |  |  |  | 6.4 |  |  |  | 24.5 |  |  |  | 11.3 |
Capital Expenditures |  | $ | 103.5 |  |  | $ | 23.2 |  |  | $ | 195.8 |  |  | $ | 46.0 |
Maintenance Services |  | $ | 81.7 |  |  | $ | 80.4 |  |  | $ | 172.7 |  |  | $ | 166.9 |
Development Services |  |  | 31.5 |  |  |  | 27.5 |  |  |  | 66.1 |  |  |  | 52.6 |
Segment Adjusted EBITDA(1) |  | $ | 113.2 |  |  | $ | 107.9 |  |  | $ | 238.8 |  |  | $ | 219.5 |
(1) Presented below is a reconciliation of (Loss) before income taxes to Segment Adjusted EBITDA:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Segment Adjusted EBITDA |  | $ | 113.2 |  |  | $ | 107.9 |  |  | $ | 238.8 |  |  | $ | 219.5 |
Interest expense, net |  |  | 13.4 |  |  |  | 15.1 |  |  |  | 40.3 |  |  |  | 48.2 |
Depreciation expense |  |  | 38.9 |  |  |  | 28.1 |  |  |  | 101.2 |  |  |  | 79.8 |
Amortization expense |  |  | 7.1 |  |  |  | 8.6 |  |  |  | 22.3 |  |  |  | 27.4 |
Business transformation and integration costs (a) |  |  | 4.2 |  |  |  | 17.1 |  |  |  | 21.2 |  |  |  | 33.9 |
Gain on divestiture (b) |  |  | — |  |  |  | (0.1 | ) |  |  | — |  |  |  | (44.0 | )
Equity-based compensation (c) |  |  | 4.7 |  |  |  | 5.1 |  |  |  | 14.1 |  |  |  | 15.3 |
Debt extinguishment (d) |  |  | — |  |  |  | 0.6 |  |  |  | 0.7 |  |  |  | 0.6 |
Income before income taxes |  | $ | 44.9 |  |  | $ | 33.4 |  |  | $ | 39.0 |  |  | $ | 58.3 |
(a) Business transformation and integration costs consist of severance and related costs, information technology, infrastructure, transformation, and other costs. These costs represent expenses related to distinct initiatives, typically significant enterprise-wide changes, including actions taken as part of the Company's One BrightView initiative. Such expenses are excluded from Segment Adjusted EBITDA disclosed above since such expenses vary in amount based on occurrence as well as factors specific to each of the activities, are outside of the normal operations of the business, and create a lack of comparability between periods. (b) Represents the realized gain on sale and transaction related expenses from the divestiture of U.S. Lawns on January 12, 2024 (c) Represents equity-based compensation expense and related taxes recognized for equity incentive plans outstanding. (d) Represents losses on the extinguishment of debt related to Amendment No. 9 to the Credit Agreement, in the fiscal year ending September 30, 2025 and includes accelerated amortization of deferred financing fees and original issue discount as well as fees paid to lenders and third parties.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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