Segments (Tables)

12 Months Ended

Sep. 30, 2022

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:

	Fiscal Year Ended
	September 30, 2022			September 30, 2021			September 30, 2020
Maintenance Services	$	2,082.0		$	1,982.9		$	1,729.4
Development Services		698.8			574.9			620.3
Eliminations		(6.2	)		(4.2	)		(3.7	)
Net Service Revenues	$	2,774.6		$	2,553.6		$	2,346.0
Maintenance Services	$	278.8		$	299.6		$	248.7
Development Services		73.7			65.2			81.6
Corporate		(64.6	)		(62.5	)		(58.7	)
Adjusted EBITDA(1)	$	287.9		$	302.3		$	271.6
Maintenance Services	$	82.9		$	52.4		$	40.6
Development Services		12.5			6.2			9.4
Corporate		11.9			2.6			2.7
Capital Expenditures	$	107.3		$	61.2		$	52.7

(1) Presented below is a reconciliation of Net income (loss) to Adjusted EBITDA:

	Fiscal Year Ended
	September 30, 2022		September 30, 2021		September 30, 2020
Net income (loss)	$	14.0	$	46.3	$	(41.6	)
Interest expense		53.3		42.3		64.6
Income tax (benefit) provision		5.6		4.6		(9.6	)
Depreciation expense		98.9		84.7		80.5
Amortization expense		51.5		52.3		55.8
Establish public company financial reporting compliance (a)		—		—		0.9
Business transformation and integration costs (b)		21.5		28.5		32.5
Offering-related expenses (c)		0.1		0.6		4.4
Equity-based compensation (d)		19.0		20.0		24.0
COVID-19 related expenses (e)		11.4		23.0		13.8
Debt extinguishment (f)		12.6		—		—
Changes in self-insured liability estimates (g)		—		—		24.1
Sale of tree company (h)		—		—		22.2
Adjusted EBITDA	$	287.9	$	302.3	$	271.6

(a)Represents costs incurred to establish public company financial reporting compliance, including costs to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the revenue recognition standard (ASC 606 – Revenue from Contracts with Customers) and other miscellaneous costs.

(b)Business transformation and integration costs consist of (i) severance and related costs; (ii) business integration costs and (iii) information technology infrastructure, transformation costs, and other.

	Fiscal Year Ended
(in millions)	September 30, 2022		September 30, 2021		September 30, 2020
Severance and related costs	$	1.6	$	0.3	$	3.8
Business integration (i)		8.2		14.0		13.4
IT infrastructure, transformation, and other (j)		11.7		14.2		15.3
Business transformation and integration costs	$	21.5	$	28.5	$	32.5

(c)Represents transaction related expenses incurred for IPO related litigation and completed or contemplated subsequent registration statements.

(d)Represents equity-based compensation expense and related taxes recognized for equity incentive plans outstanding.

(e)Represents expenses related to the Company’s response to the COVID-19 pandemic, principally temporary and incremental salary and related expenses, personal protective equipment, cleaning and supply purchases, and other. Additionally, fiscal year 2022 includes refunds related to employee retention credits allowed under the CARES Act.

(f)Represents losses on the extinguishment of debt related to Amendment No. 6 to the Credit Agreement and includes the write-off of deferred finance fees and original issue discount.

(g)Represents expenses related to changes in estimates and actuarial assumptions associated with the Company’s self-insured liability amounts for workers’ compensation, general liability, auto liability, and employee health care insurance programs, to reflect uncertainties associated with the then current environment, including the COVID-19 pandemic.

(h)Represents the goodwill impairment charge, realized loss on sale, and transaction related expenses related to the sale of BrightView Tree Company on September 30, 2020.

(i)Represents isolated expenses specifically related to the integration of acquired companies such as one-time employee retention costs, employee onboarding and training costs, and fleet and uniform rebranding costs. The Company excludes Business integration costs from the measures disclosed above since such expenses vary in amount due to the number of acquisitions and size of acquired companies as well as factors specific to each acquisition, and as a result lack predictability as to occurrence and/or timing, and create a lack of comparability between periods.

(j)Represents expenses related to distinct initiatives, typically significant enterprise-wide changes. Such expenses are excluded from the measures 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.