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Jan 31, 2020
ABM Q1 2020 Earnings Report
Reported first quarter revenues with GAAP continuing EPS and declared 216th consecutive quarterly dividend.
Key Takeaways
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.
Revenues reached approximately $1.6 billion, a 0.3% increase year-over-year.
GAAP income from continuing operations was $27.9 million, or $0.41 per diluted share.
Adjusted income from continuing operations was $26.2 million, or $0.39 per diluted share.
The Board of Directors declared a cash dividend of $0.185 per common share.
Forward Guidance
The Company continues to expect GAAP income from continuing operations of $1.65 to $1.85 per diluted share, and adjusted income from continuing operations of $1.90 to $2.10 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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