ABM Industries (ABM) Tops Q2 EPS by 31c

ABM Industries (NYSE: ABM) reported Q2 EPS of $0.60, $0.31 better than the analyst estimate of $0.29. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.49 billion.

Guidance

On March 26, 2020, the Company withdrew its previously issued fiscal 2020 guidance outlook due to the extraordinary and evolving nature of the COVID-19 pandemic.

Mr. Salmirs concluded, “Now, more than ever, there is a higher degree of awareness for professional sanitization, hygiene and safety. The competitive advantages of our national scale, supply chain and advisory resources, is unparalleled. Our proprietary EnhancedClean™ offering will give our clients a holistic, programmatic and specialized approach to cleaning and sanitizing as they develop their plans to reopen. While the duration and ultimate impact of this pandemic remain highly uncertain, we believe there will be a more permanent and robust shift toward the services that differentiate us in the market. ABM is in a great position to leverage our strengths in the future.”

For earnings history and earnings-related data on ABM Industries (ABM) click here.

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