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Jul 31, 2024
ABM Q3 2024 Earnings Report
ABM reported strong third quarter performance driven by investments in energy resiliency markets and technology, delivering solid organic growth and resilient margins.
Key Takeaways
ABM reported a 3.3% increase in revenue to $2.1 billion, including 2.8% organic growth. Net income was $4.7 million, or $0.07 per diluted share, while adjusted EPS was $0.94, up 19%. The company raised its outlook for fiscal year 2024 adjusted EPS to $3.48 to $3.55.
Revenue increased by 3.3% to $2.1 billion, with organic growth contributing 2.8%.
Net income decreased by 95% to $4.7 million, with GAAP EPS at $0.07, primarily due to adjustments related to the Ravenvolt acquisition.
Adjusted EPS increased by 19% to $0.94, driven by higher segment earnings in ATS and Aviation.
The company raised its outlook for fiscal year 2024 adjusted EPS to a range of $3.48 to $3.55.
Revenue by Segment
Forward Guidance
ABM is raising its outlook for fiscal year 2024 adjusted EPS to be in the range of $3.48 to $3.55.
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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