ABM Q1 revenue up 3.9% to $2.1B; raises FY2024 adjusted EPS guidance to $3.30-$3.45

ABM INDUSTRIES INC /DE/

2024-Q1 EPS reported $0.70 revenue$2,069,600,000

Revenue $2.1B (+3.9% YoY); net income $44.7M, GAAP EPS $0.70 (up 21%).
Adjusted EPS $0.86 (up 9%); Adjusted EBITDA $116.7M (down 5%).
FY2024 adjusted EPS guidance raised to $3.30-$3.45 from $3.20-$3.40.
Booked $180M multi-year microgrid project with a major retailer.
Dividend of $0.225/share declared, payable May 6, 2024, record Apr 4, 2024.

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 quarter ended January 31, 2024 results: revenue $2.1 billion, net income $44.7 million, EPS $0.70. Guidance raised.

Period: quarter ended January 31, 2024
Revenue: $2.1 billion
Net income: $44.7 million
EPS: $0.70
Guidance: raised
Result: reported results

Exact text from the filing

ABM REPORTS FIRST QUARTER FISCAL 2024 RESULTS AND RAISES OUTLOOK FOR FISCAL YEAR 2024 ADJUSTED EPS • Revenue up 3.9% to $2.1 billion, all organic growth • Net income of $44.7 million and GAAP EPS of $0.70, up 16% and 21%, respectively, includes certain discrete tax benefits of $4.4 million, or $0.07 per share • Adjusted EBITDA of $116.7 million, down 5% • Adjusted EPS of $0.86, up 9% • Raises outlook for fiscal year 2024 adjusted EPS to $3.30 to $3.45, up from $3.20 to $3.40

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ABM INDUSTRIES INC /DE/ reported fiscal year 2024 results: EPS $3.30 to $3.45. Guidance raised.

Period: fiscal year 2024
EPS: $3.30 to $3.45
Guidance: raised
Result: guidance update

Exact text from the filing

Raises outlook for fiscal year 2024 adjusted EPS to $3.30 to $3.45, up from $3.20 to $3.40

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Source: SEC EDGAR

accession 0000950170-24-027580

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