BrightView Holdings, Inc. (NYSE:BV) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET

Company Participants

Faten Freiha - Vice President of Investor Relations

Paul Raether - Chairman

Andrew Masterman - Chief Executive Officer

Brett Urban - Chief Financial Officer

Conference Call Participants

Tim Mulrooney - William Blair

Bob Labick - CJS Securities

George Tong - Goldman Sachs

Andy Wittmann - Robert W. Baird

Operator

Good morning, ladies and gentlemen and welcome to the BrightView Q2 Fiscal 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday May 4, 2023.

I would now like to turn the conference over to Faten Freiha, Vice President of Investor Relations. Please go ahead.

Faten Freiha

Thank you for joining BrightView's second quarter fiscal 2023 earnings conference call. Paul Raether, BrightView's Chairman of the Board of Directors; Andrew Masterman, Chief Executive Officer; and Brett Urban, Chief Financial Officer are on the call.

Please remember that some of the comments made today including responses to questions and information reflected on the presentation slides are forward-looking and actual results may differ materially from those projected. Please refer to the company's SEC filings for more detail on the risks and uncertainties that could impact the company's future operating results and financial condition.

Comments made today will also include a discussion of certain non-GAAP financial measures. Reconciliations to comparable GAAP financial measures are provided in today's press release. Disclaimers on forward-looking statements and non-GAAP financial measures apply both to today's prepared remarks as well as the Q&A.

I will now turn the call over to Paul Raether, BrightView's Chairman of the Board of Directors for some comments.

Paul Raether

Thank you, Faten and good morning to everyone. Earlier today, we announced that Andrew Masterman will be stepping down from his position as President, Chief Executive Officer and Board Director effective May 31. Andrew has been a great leader for BrightView. He joined us in 2016 and successfully led the company's initial public offering in 2018. During his tenure, the company executed more than 35 strategic acquisitions, modernized its technology and finance infrastructure, professionalized its sales organization, expanded our omnichannel marketing capabilities and achieved the best safety record in the company's history.

Following Andrew's last day on May 31, Jim Abrahamson, a member of our Board of Directors since 2015 and an experienced CEO, will step in as Interim President and CEO. Jim brings extensive knowledge of BrightView and the industry as well as over 30 years of management experience in large public and private companies that operated in dynamic environments. We're searching for Andrew's successor in partnership with an executive search firm. In the meantime, we have full confidence in Jim's ability to continue to execute BrightView's strategy in partnership with our talented management team. Andrew, on behalf of the Board, I want to thank you again for all your contributions to BrightView.