ABM Q3 revenue up 3.4% to $2.0B; adjusted EPS $0.79, down from $0.94 YoY

ABM INDUSTRIES INC /DE/

2023-Q3 EPS reported $2.83 revenue$6,003,500,000

GAAP net income $98.1M ($1.47 EPS) vs $56.8M ($0.85) prior year, aided by $37.2M RavenVolt contingency gain and $22.4M ERC.
Adjusted EPS $0.79 vs $0.94; adjusted EBITDA $125.3M essentially flat YoY; higher interest expense and softer commercial real estate weighted.
Aviation organic revenue +17%, Manufacturing & Distribution +7%, Education +6%; Business & Industry organic -1%, Technical Solutions organic -6%.
Quarterly dividend of $0.22 per share declared, payable Nov 6, 2023 to holders of record Oct 5, 2023.
Full-year 2023 adjusted EPS guidance tightened to lower end of prior range; adjusted EBITDA margin reaffirmed.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ABM INDUSTRIES INC /DE/ reported third quarter of fiscal 2023 results: revenue $2.0 billion, net income $98.1 million, EPS $1.47 per diluted share. Guidance reaffirmed.

Period: third quarter of fiscal 2023
Revenue: $2.0 billion
Net income: $98.1 million
EPS: $1.47 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

8-K, which is incorporated into this item by reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 ABM REPORTS THIRD QUARTER FISCAL 2023 RESULTS • Grew revenue 3.4% to $2.0 billion, including 2.5% organic growth • Net income of $98.1 million and GAAP EPS of $1.47, compared to $56.8 million and $0.85 in the prior year, respectively • Adjusted EBITDA of

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Source: SEC EDGAR

accession 0000950170-23-046875

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