ABM Industries (ABM) Tops Q3 EPS by 4c, Offers Guidance

ABM Industries (NYSE: ABM) reported Q3 EPS of $0.94, $0.04 better than the analyst estimate of $0.90. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.91 billion.

GUIDANCE:

ABM Industries sees FY2022 EPS of $3.60-$3.70, versus the consensus of $3.64.

• For full year 2022, the Company has updated its guidance range and now expects GAAP EPS of $3.20 to $3.30, compared to $2.91 to $3.11 previously. This change reflects a combined $0.19 EPS benefit from changes in items impacting comparability and change in adjusted EPS. The Company now expects full year 2022 adjusted EPS to be in range of $3.60 to $3.70, compared to $3.50 to $3.70 previously, and for adjusted EBITDA margin to be approximately 6.6%. The updated guidance for full year 2022 adjusted EPS reflects a $0.05 increase of the mid-point over the Company’s previous forecast.

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

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