ABM reports Q4 FY2023 adjusted EPS $1.01 (+13% YoY); revenue $2.1B (+4.1%); FY2024 adj EPS guidance $3.20-$3.40

ABM INDUSTRIES INC /DE/

2023-FY EPS reported $3.79 revenue$8,096,400,000

Q4 revenue $2.1B (+4.1%, organic +3.8%); net income $62.8M; GAAP EPS $0.96 (+32%); adjusted EPS $1.01 (+13%).
Q4 adjusted EBITDA $144.2M (+10%); adjusted EBITDA margin improved.
Board approved $150M expansion of existing share repurchase authorization.
Quarterly dividend of $0.225 per share declared; payable Feb 5, 2024 to holders of record Jan 4, 2024.
FY2024 adjusted EPS guidance $3.20-$3.40; adjusted EBITDA margin guidance 6.2%-6.5%.

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 the fourth quarter and fiscal year ended October 31, 2023 results: revenue $2.1 billion, net income $62.8 million, EPS $0.96. Guidance initiated.

Period: the fourth quarter and fiscal year ended October 31, 2023
Revenue: $2.1 billion
Net income: $62.8 million
EPS: $0.96
Guidance: initiated
Result: reported results

Exact text from the filing

ABM REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2023 RESULTS AND PROVIDES FISCAL 2024 OUTLOOK • Grew fourth quarter revenue 4.1% to $2.1 billion, including 3.8% organic growth • Fourth quarter net income of $62.8 million and GAAP EPS of $0.96, up 29% and 32%, respectively • Fourth quarter adjusted EBITDA of $144.2 million, up 10% • Fourth quarter adjusted EPS of $1.01, up 13% • Board of Directors approves a $150 million expansion of existing share repurchase authorization • Fiscal 2024 adjusted earnings per share expected to be in range of $3.20 to $3.40

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Source: SEC EDGAR

accession 0000950170-23-069873

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