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Apr 30, 2022
ABM Q2 2022 Earnings Report
ABM reported strong results driven by organic growth and acquisitions, with reaffirmed full year adjusted EPS guidance.
Key Takeaways
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.
Revenue increased by 26.7% to $1.9 billion, with 7.5% organic growth.
Aviation revenue increased by 27% year-over-year.
Technical Solutions revenue increased by 18%, powered by e-mobility business growth.
Adjusted EBITDA margin was 6.5%.
Revenue by Segment
Forward Guidance
ABM reaffirms its prior guidance for full year 2022 adjusted EPS of $3.50 to $3.70, and for adjusted EBITDA margin 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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