ABM Industries Announces Results for First Quarter Fiscal 2021
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ABM Industries (ABM) Tops Q1 EPS by 42c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
March 9, 2021 4:17 PM ESTABM Industries (NYSE: ABM) reported Q1 EPS of $1.01, $0.42 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.48 billion.
First Quarter Summary
Revenue of $1,492.4 million, a decrease of 7.5% versus last year, reflecting full quarter impact of COVID-19 operating environment.Increased demand for higher margin Work Orders and EnhancedClean services, as well as efficient labor management drove operating results for the quarter on both a GAAP and adjusted basis.GAAP income from continuing operations increase of 167.8% to $74.6 million, or $1.10 per diluted share... More