ABM Industries Announces Results for Second Quarter Fiscal 2021
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ABM Industries (ABM) Tops Q2 EPS by 11c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
June 8, 2021 4:17 PM EDTABM Industries (NYSE: ABM) reported Q2 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.48 billion.
Strong Operating Income Growth Across All Business SegmentsGAAP Continuing EPS of $0.46 Inclusive of a $0.32 Reserve for an Ongoing Litigation; Adjusted Continuing EPS of $0.82Revenue Growth in Key Verticals Offset Continued Soft Aviation MarketFirst Half Cash Flow from Operations of $171 MillionMaintains Full Year GAAP Income Guidance and Raises Full Year Adjusted Income GuidanceScott Salmirs, President and Chief Executive Officer... More
