ABM Q2 revenue rises 4.5% to $2.0B; GAAP EPS $0.78, adjusted EPS $0.90; dividend $0.22

ABM INDUSTRIES INC /DE/

2023-Q2 EPS reported $1.35 revenue$3,975,300,000

Revenue of $2.0B, up 4.5% YoY, with 2.3% organic growth and 2.2% from acquisitions.
GAAP net income $51.9M ($0.78 per diluted share) vs $48.8M ($0.72) last year.
Adjusted net income $60.2M ($0.90 per diluted share) vs $60.2M ($0.89); adjusted EBITDA $137.0M, up 15.2%.
Aviation organic revenue up 22%; Education +6%; Manufacturing & Distribution +5%; Technical Solutions +15% total but organic -6%.
Quarterly dividend declared at $0.22 per share, payable August 7, 2023 to holders of record July 6, 2023.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ABM INDUSTRIES INC /DE/ reported second quarter of fiscal 2023 results: revenue $2.0 billion, net income $51.9 million, EPS $0.78 per diluted share. Guidance reaffirmed.

Period: second quarter of fiscal 2023
Revenue: $2.0 billion
Net income: $51.9 million
EPS: $0.78 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ABM REPORTS SECOND QUARTER FISCAL 2023 RESULTS • Grew revenue 4.5% to $2.0 billion, including 2.3% organic growth • Net income of $51.9 million and GAAP EPS of $0.78

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Source: SEC EDGAR

accession 0000950170-23-026534

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