ABM Industries (ABM) Declares $0.16 Quarterly Dividend; 2.1% Yield

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Go back to ABM Industries (ABM) Declares $0.16 Quarterly Dividend; 2.1% Yield

ABM Industries (ABM) Misses Q3 EPS by 2c; Approves $200M Common Buyback; Announces Strategic Initiative

September 2, 2015 4:37 PM EDT

ABM Industries (NYSE: ABM) reported Q3 EPS of $0.47, $0.02 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.33 billion.

The ABM Board of Directors has authorized a $200 million share repurchase program. The Company intends to repurchase its common shares from time to time in open market purchases or privately negotiated transactions and may make all or part of the repurchases pursuant to Rule 10b5-1 plans. The timing of repurchases will depend upon several factors, including market and business conditions, share price and... More