ABM Industries (ABM) Tops Q4 EPS by 5c, Offers FY22 Guidance

ABM Industries (NYSE: ABM) reported Q4 EPS of $0.85, $0.05 better than the analyst estimate of $0.80. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.64 billion.

GUIDANCE:

ABM Industries sees FY2022 EPS of $3.30-$3.55, versus the consensus of $3.47.

• For fiscal 2022, ABM expects GAAP earnings per diluted share of $2.05 to $2.30, and adjusted EPS from continuing operations of $3.30 to $3.55. This guidance assumes an easing in COVID-19-related disinfection services and work orders. Fiscal 2022 adjusted EBITDA margin is anticipated to be in the range of 6.2%-6.6%, inclusive of synergies from the Able Services acquisition.
• Mr. Salmirs concluded, “Over the past five years, ABM achieved significant strategic, operational and financial progress through the successful execution of our 2020 Vision. Today, ABM embarks on our next transformational strategic initiative, Elevate, which we believe will further strengthen our industry leadership position and unlock long-term shareholder value by accelerating our growth and enhancing our profitability. Supported by our broad portfolio of high-value services and solutions and the strength of our balance sheet, ABM has never been better positioned to invest in our future and launch our next phase of growth.”

For earnings history and earnings-related data on ABM Industries (ABM) click here.

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