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v3.25.2

Segments (Tables) | 9 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Summary of Certain Financial Data For Each of Segments | 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 Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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