ABM Industries Delivers Solid Q3 Results On Investment In Energy Market, Boosts Guidance

ABM Industries Inc. (NYSE:ABM) shares are trading higher after the company reported third-quarter earnings and raised guidance.

Sales grew 3.3% Y/Y to $2.09 billion, beating the consensus of $2.037 billion. Revenue growth was driven by Technical Solutions (+25% Y/Y) and Aviation (+13%), with Education increasing by 4% Y/Y.

Operating expenses increased 3.7% Y/Y to $1.83 billion, and operating profit declined 73.1% Y/Y to $37.4 million in the quarter.

Adjusted EBITDA rose 2% Y/Y to $128.1 million, with the margin remaining flat Y/Y at 6.4%. Adjusted EPS of $0.94, up 19% Y/Y, beating the ...

https://www.benzinga.com/news/earnings/24/09/40748700/abm-industries-delivers-solid-q3-results-on-investment-in-energy-market-boosts-guidance