ABM Industries (ABM) Tops Q3 EPS by 8c

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Go back to ABM Industries (ABM) Tops Q3 EPS by 8c

ABM Reports Third Quarter Fiscal 2024 Results and Raises Outlook for Fiscal Year 2024 Adjusted EPS

September 6, 2024 6:58 AM EDT

Revenue up 3.3% to $2.1 billion, including organic growth of 2.8%Net income of $4.7 million and GAAP EPS of $0.07, each down 95%, largely reflecting the increased likelihood of a cash earn-out payment under the Ravenvolt acquisition agreementAdjusted net income of $59.5 million and Adjusted EPS of $0.94, up 13% and 19%, respectivelyAdjusted EBITDA of $128.1 million, up 2%Raises outlook for fiscal year 2024 Adjusted EPS to $3.48 to $3.55, from $3.40 to $3.50... More