ABM Q3 2024 Earnings Report
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.
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ABM 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.