ABM Industries Announces Results for First Quarter Fiscal 2021
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/29/2026
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Fed chair Warsh kicks off Jackson Hole keynote address
- PayPal tumbles as Advent, Stripe said to drop $50 bln pursuit
- Oil settles lower on clues about Fed policy, rumors of Hormuz deal
- Dollar jumps after Warsh comments, set for weekly gain
- McKesson reports cybersecurity incident affecting its information systems
- Mizuho is bullish on Broadcom ahead of Sept. 2 earnings, citing 30-quarter streak
- BioNTech ends colorectal cancer mRNA therapy trial early
- Wall Street ends lower after Fed Chair Warsh reaffirms inflation fight
- Needham sees mature node semiconductor strength in latest tracker
ABM Industries (ABM) Tops Q1 EPS by 42c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
March 9, 2021 4:17 PM ESTABM Industries (NYSE: ABM) reported Q1 EPS of $1.01, $0.42 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.48 billion.
First Quarter Summary
Revenue of $1,492.4 million, a decrease of 7.5% versus last year, reflecting full quarter impact of COVID-19 operating environment.Increased demand for higher margin Work Orders and EnhancedClean services, as well as efficient labor management drove operating results for the quarter on both a GAAP and adjusted basis.GAAP income from continuing operations increase of 167.8% to $74.6 million, or $1.10 per diluted share... More