ABM Q1 revenue $1.9B (+29.7%), GAAP EPS $1.11, raises FY guidance

ABM INDUSTRIES INC /DE/

2022-Q1 EPS reported $1.11 revenue$1,936,200,000

Revenue $1.9B (+29.7% YoY); organic growth 9.1% led by Aviation (+42%) and Technical Solutions (+26%); Able acquisition contributed 20.6%.
GAAP EPS $1.11 (net income $76.0M); adjusted EPS $0.94 (adjusted net income $64.4M), down 7% YoY.
Declared quarterly dividend of $0.195 per share payable May 2, 2022 to record holders as of April 7, 2022.
Raised full year fiscal 2022 GAAP EPS and adjusted EPS guidance; initiated share repurchase program.

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