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Jan 31, 2023
ABM Q1 2023 Earnings Report
Reported a solid first quarter with revenue growth and reaffirmed fiscal 2023 adjusted EPS outlook.
Key Takeaways
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.
Grew revenue 3% to $2.0 billion, with 1% organic growth
Delivered net income of $38.5 million and GAAP EPS of $0.58
Generated adjusted EBITDA of $122.7 million and adjusted EPS of $0.79
Reaffirmed fiscal 2023 adjusted EPS outlook
Revenue by Segment
Forward Guidance
The Company is reaffirming its prior outlook for fiscal year 2023.
Positive Outlook
- GAAP EPS is expected to be $2.43 to $2.63.
- Adjusted EPS is expected to be $3.40 to $3.60.
- Adjusted EBITDA margin is expected to be in the range of 6.4% to 6.8%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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