ABM Q1 2020 Earnings Report
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.
ABM
ABM
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.