BrightView Holdings, Inc. (NYSE:BV) Q4 2022 Earnings Call Transcript

And the reality is more and more people every day are going back to work in offices and the commercial complexes are – we’re seeing the same levels of spend in our commercial properties that we saw back in 2019. So again, it’s across the board. We only saw a dip of ancillary services of 5% to 10% throughput the pandemic. And so due to the resilient nature of the business, we see that rebound coming back and actually giving us a lot of confidence as we look out to 2023 with these elevated rates or more normalized rates, I should say, of ancillary penetration.

Peter Lukas: Very helpful thanks. I’ll jump back in the queue.

Operator: Thank you. There are no additional questions waiting at this time. So I’d like to pass the conference back over to Andrew Masterman for any closing remarks. Please go ahead.

Andrew Masterman: Yes, thank you, thank you Bailey. Once again, I want to thank everyone for participating in the call today and for your interest in BrightView. We look forward to speaking to you at upcoming events and when we report our first quarter results in February. Until then, stay safe, and be well.

Operator: This concludes today’s conference call. Thank you all for your participation. You may now disconnect your lines.