BrightView Holdings, Inc. (NYSE:BV) Q4 2022 Earnings Conference Call November 17, 2022 10:00 AM ET

Company Participants

Faten Freiha - VP of IR

Andrew Masterman - CEO

Brett Urban - CFO

Conference Call Participants

George Tong - Goldman Sachs

Sam Kusswurm - William Blair

Peter Lukas - CJS Securities

Operator

Hello, and welcome to today's BrightView Holdings, Incorporated Fourth Quarter Fiscal 2022 Results Call. My name is Bailey, and I'll be the moderator for today's call. [Operator Instructions]

I would now like to pass the conference over to today's host, Faten Freiha, Vice President of Investor Relations. Please go ahead. Your line is now open.

Faten Freiha

Thank you, operator, and good morning, everyone. Thank you for joining BrightView's fourth quarter and full year fiscal 2022 earnings conference call. 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'll now turn the call over to BrightView's CEO, Andrew Masterman.

Andrew Masterman

Thank you, and good morning, everyone. As I reflect in the last couple of years, I couldn't be prouder of the BrightView team's efforts during this difficult and unique environment. The challenges we overcame and improvements we made showcased the strength of our fundamentals and resiliency of our business, built on an 80-year legacy of providing best-in-class landscape and services.

We transformed the company through investments in sales force and technology to drive consistent and sustainable organic growth. We strategically expanded our footprint through accretive acquisitions that further accelerated our top line. In the last two years, we have grown total revenue by more than $425 million, approximately the size of our largest competitor.

Let's now turn to Slide 4 and review our performance for fiscal 2022. We ended fiscal year 2022 with a record $2.8 billion in revenue despite historical low snowfall, particularly in the first quarter. We delivered land organic growth of 4.4%, exceeding our long-term plans and significantly outpacing projected industry growth of less than 1%.