Results for: ABM Industries

ABM Industries reported Q4 FY24 earnings, exceeding sales expectations but falling short on profitability. Revenue grew 4% YoY to $2.18B, driven by Technical Solutions and Aviation, while operating profit plummeted 81.9%. Adjusted EPS beat estimates but was down 11% YoY. ABM anticipates revenue, margin, and earnings growth in FY25 but its stock dropped 8.58% following the announcement.

ABM Industries Inc. (ABM) exceeded analysts’ expectations in the third quarter, reporting strong revenue growth driven by its Technical Solutions and Aviation segments. The company also raised its adjusted EPS outlook for the year, sending its shares soaring in pre-market trading.