ABM Industries Announces Results for Second Quarter Fiscal 2018
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ABM Industries (ABM) Tops Q2 EPS by 4c, Revenues Beat; Offers FY18 EPS Mid-Point Guidance Below Consensus
June 6, 2018 4:24 PM EDTABM Industries (NYSE: ABM) reported Q2 EPS of $0.47, $0.04 better than the analyst estimate of $0.43. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.55 billion.
Scott Salmirs, President and Chief Executive Officer of ABM Industries, commented, "The second quarter demonstrated meaningful operational progress as we continued with the integration of GCA and our 2020 Vision initiatives. We achieved organic growth of 4.5%, higher free cash flow generation and delivered on our GCA-related synergies."
Second Quarter Summary
Total revenue growth of 20.6% to $1,580.8 million, partially reflecting new bookings of approximately $460 million in... More