ABM Industries Reports Q4 Earnings: Key Metrics Overview

ABM Industries (ABM) has released its earnings report for the quarter ended in October 2024. The company reported a revenue of $2.18 billion, marking a 4% increase compared to the same quarter last year. The earnings per share (EPS) for the period was $0.90, down from $1.01 reported a year earlier.

The revenue achieved in this quarter exceeded the Zacks Consensus Estimate of $2.09 billion by 4.30%. Similarly, the EPS also surpassed the consensus estimate of $0.86, showing a positive surprise of 4.65%.

Key Metrics Performance

To understand ABM Industries' performance in greater depth, it's useful to examine key operational metrics that are closely watched by investors and analysts. These metrics not only provide insights into revenue and earnings trends, but they also help gauge the overall financial health of the company.

Here are the key metrics for ABM Industries from the recently reported quarter:

• Revenues - Business & Industry: $1.03 billion, outperforming the average estimate of $1 billion, but reflecting a slight decline of -0.7% year-over-year.
• Revenues - Aviation: $276.50 million, which was higher than the anticipated $260.50 million, with a year-over-year growth of +11.4%.
• Revenues - Education: $230 million, very close to the average estimate of $230.89 million, showing a minimal year-over-year increase of +0.1%.
• Revenues - Manufacturing & Distribution: $387.70 million, exceeding the estimate of $368.50 million, although this represents a slight decrease of -0.9% year-over-year.
• Revenues - Technical Solutions: $257.40 million, significantly surpassing the estimate of $218.61 million, with a remarkable year-over-year jump of +34.9%.
• Operating Profit - Business & Industry: $72 million, beating the average estimate of $56.99 million.
• Operating Profit - Aviation: $18.60 million, exceeding the estimate of $12.10 million.
• Operating Profit (Loss) - Manufacturing & Distribution: $40.40 million, compared to the average estimate of $28.18 million.
• Operating Profit - Technical Solutions: $28 million, which is significantly higher than the estimated $13.89 million.
• Operating Profit - Education: $13.10 million, surpassing the average estimate of $8 million.

Stock Performance and Outlook

Despite these positive revenue surprises, shares of ABM Industries have decreased by -0.8% over the past month, in contrast to the Zacks S&P 500 composite, which rose by +3.2% during the same period. Currently, ABM Industries has a Zacks Rank #3 (Hold), suggesting that its stock may perform in line with the overall market in the short term.

Investors will benefit from closely monitoring these metrics and performance trends as they assess their investment strategies concerning ABM Industries.

ABM, Earnings, Investing