ABM reports Q4 adjusted EPS $1.01, consensus 92c

Reports Q4 revenue $2.1B, consensus $2.03B. “Our team executed well in the fourth quarter, delivering 4.1% revenue growth and strong margins, resulting in double-digit growth in net income, adjusted EBITDA and adjusted EPS. Our broad-based organic revenue growth and improved adjusted EBITDA margin was bolstered by strong operating performances in our Aviation and Technical Solutions segments,” said Scott Salmirs, ABM‘s President and CEO. “We also benefited from continued solid performances in our Manufacturing & Distribution and Education segments. Despite ongoing headwinds in the commercial real estate market, Business & Industry posted modest organic revenue growth, which is a testament to our positioning in the Class A market and the overall resilience of the business.”