ABM Earnings Reports

ABM delivered a steady Q1 2025, with revenue rising 2.2% year-over-year to $2.11 billion. Net income declined slightly to $43.6 million due to higher corporate investments and legal settlements. Adjusted EBITDA improved to $120.6 million, reflecting margin stability at 5.9%. Technical Solutions led segment performance with a 21.9% revenue increase, driven by expansion in microgrid services.

ABM reported a 4.0% increase in revenue to $2.2 billion, including 3.2% organic growth. However, the company posted a net loss of $11.7 million, or a loss of $0.19 per share, primarily due to a $59.7 million adjustment to the RavenVolt acquisition earn-out. Adjusted EPS was $0.90. The company repurchased $32.0 million of common stock and raised its quarterly dividend by 18%.

ABM reported a 3.3% increase in revenue to $2.1 billion, including 2.8% organic growth. Net income was $4.7 million, or $0.07 per diluted share, while adjusted EPS was $0.94, up 19%. The company raised its outlook for fiscal year 2024 adjusted EPS to $3.48 to $3.55.

ABM announced financial results for the second quarter of fiscal 2024, with revenue up 2% to $2.0 billion. Net income was $43.8 million, or $0.69 per diluted share. Adjusted EPS was $0.87. The company raised its outlook for fiscal year 2024 adjusted EPS to $3.40 to $3.50.

ABM had a strong start to fiscal year 2024, with a 3.9% increase in revenue to $2.1 billion, driven by organic growth. Net income rose to $44.7 million, or $0.70 per diluted share, marking a 16% and 21% increase, respectively. The company has raised its outlook for the full year adjusted EPS to a range of $3.30 to $3.45.

ABM announced its Q4 and full year fiscal 2023 results, with a 4.1% increase in revenue to $2.1 billion and a 29% increase in net income to $62.8 million. The company's adjusted EPS rose by 13% to $1.01, and adjusted EBITDA increased by 10% to $144.2 million. For fiscal year 2023, revenue grew by 3.7% to $8.1 billion, and net income reached $251.3 million.

ABM announced financial results for the third quarter of fiscal 2023, reporting revenue of $2.0 billion, a 3.4% increase year-over-year. Net income increased to $98.1 million, or $1.47 per diluted share, compared to $56.8 million, or $0.85 per diluted share in the prior year. Adjusted EPS was $0.79, versus $0.94 in the prior year.

ABM reported a 4.5% increase in revenue to $2.0 billion, driven by organic growth and acquisitions. Net income increased by 6.5% to $51.9 million, with GAAP EPS rising by 8.3% to $0.78. Adjusted EBITDA increased by 15.2% to $137.0 million.

ABM reported a 3% increase in revenue to $2.0 billion, with 1% organic growth. Net income was $38.5 million, and GAAP EPS was $0.58. The company reaffirmed its fiscal 2023 adjusted EPS outlook.

ABM reported a 19% increase in revenue to $2.0 billion, with 6% organic growth. GAAP net income increased by 43% to $48.9 million, or $0.73 per diluted share. Adjusted EBITDA grew 18% to $130.7 million.

ABM reported a strong third quarter with revenue of $2.0 billion, a 27.1% increase year-over-year. Organic revenue growth was 7.4%, with significant contributions from Aviation and Technical Solutions. Adjusted EPS increased to $0.94, and adjusted EBITDA grew by 11% to $125.5 million.

ABM reported a revenue increase of 26.7% to $1.9 billion, driven by 7.5% organic growth and 19.2% from acquisitions. Net income increased by 57% to $48.8 million, or $0.72 per diluted share. The company reaffirmed its full year adjusted EPS guidance.

ABM reported a strong start to fiscal year 2022, with revenue of $1.9 billion, a 29.7% increase over the prior year, driven by 9.1% organic growth and the Able acquisition. The company is raising its full fiscal year guidance for EPS due to this strong performance and a favorable outlook.

ABM reported a strong fourth quarter with revenues of $1.7 billion, a 14.2% increase compared to the prior year. The company's adjusted EPS was $0.85, up from $0.69 in the same quarter last year. The acquisition of Able Services contributed positively to the results.

ABM Industries reported a revenue of $1.54 billion, up 10.7% year-over-year. The company reported a GAAP loss from continuing operations of $13.7 million, or $0.20 per diluted share, which included a $1.24 per share reserve to resolve outstanding litigation. Adjusted income from continuing operations was $61.3 million, or $0.90 per diluted share, an increase of 22% and 20%, respectively. The company is increasing its guidance for full year 2021 adjusted income from continuing operations to $3.45 to $3.55 per share.

ABM Industries reported a 0.1% increase in revenue, reaching $1,497.4 million. The company's GAAP income from continuing operations was $31.1 million, or $0.46 per diluted share, while adjusted income from continuing operations was $55.5 million, or $0.82 per diluted share. The results reflect increased demand for disinfection-related services and efficient labor management.

ABM Industries reported a decrease in revenue by 7.5% compared to the first quarter of fiscal 2020, but experienced a significant increase in operating profit and earnings per share due to higher demand for disinfection-related work and effective labor management. The company achieved more than $45 million in cash flow year-to-date and issued fiscal 2021 guidance.

ABM Industries announced financial results for the fourth quarter and full year that ended October 31, 2020. The company achieved revenues of $1.5 billion for the quarter. GAAP income from continuing operations was $53.1 million, or $0.78 per diluted share. Adjusted income from continuing operations was $46.7 million, or $0.69 per diluted share.

ABM Industries reported revenues of approximately $1.4 billion, a decrease of 15.4% compared to the third quarter of fiscal 2019. The company reported income from continuing operations of $56.0 million, or $0.83 per diluted share, and adjusted income from continuing operations of $50.1 million, or $0.75 per diluted share. Adjusted EBITDA for the quarter was $109.7 million, with an adjusted EBITDA margin of 7.9%.

ABM Industries reported Q2 fiscal 2020 results, with revenues of approximately $1.5 billion, a decrease of 6.2% compared to Q2 2019. The company reported a net loss of $136.8 million, or $2.05 per diluted share, driven primarily by impairment charges related to Education, Aviation, and UK-based Technical Solutions segments, compared to net income of $29.7 million, or $0.45 per diluted share last year.

ABM Industries announced positive first quarter results for fiscal year 2020, with revenue up 0.3% to $1.6 billion and GAAP continuing EPS of $0.41. The company benefited from a favorable, higher margin portfolio mix and achievement of its targeted leverage range.