BrightView Holdings, Inc. (NYSE:BV) Q1 2023 Earnings Call Transcript

Andrew Masterman: Yes, it’s a clear question. This year was the third year in a row of a La Nina effect, which caused the situation where you have lower snowfall in the East Coast and higher in the West. I think if we talk to someone who lives in California or folks who live in the Seattle or Nevada, they did not experience a lower snowfall. In fact, they’ve experienced a higher average snowfall. And that’s not where our primary footprint is. But I do believe as we look out into years where potentially we’re going to see a non La Nina effect is that you should see some return to more of a normalized pattern. You did see it two years ago in February, where we had actually the highest level of snow ever recorded in February of ’21.

So while, certainly, this has been a tough year and – unprecedented low situation in snow in that I-95 corridor, I think it’s too early to call to say that, that’s any kind of a permanent type of a situation reducing profile. But certainly, it’s something that we’re constantly monitoring and studying as much as we can about those weather trends.

Andrew Steinerman: Thank you, that’s well said, appreciate it Andrew.

Operator: As there are no additional questions waiting at this time. I’d like to hand the call back over to management team for closing remarks.

Andrew Masterman: Great, thank you very much. And once again, I’d like to thank everyone for participating in the call today for your interest in BrightView, and we look forward to speaking with you when we report our second quarter results. Stay safe and be well.

Operator: Ladies and gentlemen, this concludes BrightView’s first quarter fiscal 2023 earnings conference call. Have a great day ahead. You may now disconnect your lines.