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Apr 30, 2024
ABM Q2 2024 Earnings Report
ABM reported second quarter results, with revenue up 2% and adjusted EPS of $0.87.
Key Takeaways
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.
Revenue increased by 2% to $2.0 billion, all organic growth.
Net income was $43.8 million and GAAP EPS was $0.69, representing declines of 16% and 12%, respectively.
Adjusted EPS was $0.87, down 3%.
Operating cash flow was $117.0 million and free cash flow was $101.4 million, both up significantly.
ABM
ABM
ABM Revenue by Segment
Revenue by Segment
Business & Industry Revenue
CapyFin.comManufacturing & Distribution Revenue
CapyFin.comAviation Revenue
CapyFin.comEducation Revenue
CapyFin.comTechnical Solutions Revenue
CapyFin.com Forward Guidance
ABM is raising its outlook for fiscal year 2024 adjusted EPS. The Company now expects FY24 adjusted EPS to be in the range of $3.40 to $3.50, as compared to the prior range of $3.30 to $3.45.
Revenue & Expenses
Visualization of income flow from segment revenue to net income