ABM reports Q4 adjusted EPS 88c, consensus $1.09

Reports Q4 revenue $2.3B, consensus $2.27B. “ABM (ABM) finished the year on a high note with record quarterly revenue, supported by 4.8% organic growth. Excluding prior year self-insurance adjustments, fourth quarter adjusted EPS, adjusted EBITDA and adjusted EBITDA margin all exceeded our expectations, reflecting strong volume, favorable mix, and the benefits of our cost discipline and restructuring actions. Our performance was led by exceptional results in Technical Solutions, where the team successfully delivered numerous projects in a complex construction environment. Aviation and Manufacturing & Distribution also posted strong revenue growth, each benefiting from recent client wins and customer expansions, while Business & Industry and Education generated improved margins, demonstrating the resiliency of their end markets and continued focus on operational efficiency,” said Scott Salmirs, President and Chief Executive Officer. “We also repurchased $73.0 million of shares in the fourth quarter and $121.3 million for the full year, underscoring our unwavering conviction in ABM’s multi-year growth path and the strategic investments we are making to expand our capabilities and competitive position.”