ABM Q4 2024 Earnings Report
Key Takeaways
ABM reported a 4.0% increase in revenue to $2.2 billion, including 3.2% organic growth. However, the company posted a net loss of $11.7 million, or a loss of $0.19 per share, primarily due to a $59.7 million adjustment to the RavenVolt acquisition earn-out. Adjusted EPS was $0.90. The company repurchased $32.0 million of common stock and raised its quarterly dividend by 18%.
Revenue increased by 4.0% to $2.2 billion, with 3.2% organic growth.
Net loss was $11.7 million, or $0.19 loss per share, due to a $59.7 million RavenVolt acquisition adjustment.
Adjusted EPS was $0.90.
The company repurchased $32.0 million of common stock and increased its quarterly dividend by 18%.
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ABM Revenue by Segment
Forward Guidance
For fiscal year 2025, ABM expects adjusted EPS of $3.60 to $3.80 and adjusted EBITDA margin in the range of 6.3% to 6.5%. Interest expense is expected to be in the range of $76 million to $80 million and the tax rate, excluding discrete items and non-taxable items, is anticipated to be 29% to 30%.