ABM Industries Incorporated Reports Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2023
December 13, 2023 at 05:28 pm IST
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ABM Industries Incorporated reported earnings results for the fourth quarter and full year ended October 31, 2023. For the fourth quarter, the company reported sales was USD 2,092.9 million compared to USD 2,011.1 million a year ago. Net income was USD 62.8 million compared to USD 48.9 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 0.73 a year ago.
For the full year, sales was USD 8,096.4 million compared to USD 7,806.6 million a year ago. Net income was USD 251.3 million compared to USD 230.4 million a year ago. Basic earnings per share from continuing operations was USD 3.81 compared to USD 3.44 a year ago. Diluted earnings per share from continuing operations was USD 3.79 compared to USD 3.41 a year ago.
ABM Industries Incorporated, which operates through its subsidiaries, is a provider of integrated facility, infrastructure, and mobility solutions. Its segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. The B&I segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and other facilities. The M&D segment provides integrated facility services, engineering, janitorial, and other specialized services. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services. The Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastructure, mechanical and electrical services.