ABM INDUSTRIES Reports Record Fourth Quarter Results with 42.6% Increase in Revenue and 18.6% Increase in Net Income
December 25, 2022
Earnings report
On December 13 2022, ABM INDUSTRIES ($NYSE:ABM), a leading global provider of integrated facility services, reported an impressive set of fourth-quarter financial results for the fiscal year ending October 31 2022. The company achieved total revenue of USD 48.9 million, representing a 42.6% increase year-over-year. ABM Industries also reported a net income of USD 2011.1 million, up 18.6% compared to the same period last year. ABM Industries is a well-established company that provides a wide range of integrated facility services to its clients. Its services include janitorial services, security services, energy management, landscape management, engineering services and more. The company is also dedicated to providing its clients with innovative solutions and technologies that enable them to better manage their facility operations.
The company’s strong financial results demonstrate the success of its strategies and its commitment to delivering value to its shareholders. This trend is expected to continue in the coming quarters as ABM Industries continues to execute on its growth strategy. Overall, ABM Industries has delivered an impressive set of fourth quarter results for FY2022 Q4. The company’s strong financial performance is a testament to its focus on delivering value to its customers and shareholders. ABM Industries is well-positioned for continued success in the future and is expected to continue to grow and expand its presence in the coming years.
Price History
On Tuesday, ABM INDUSTRIES reported record fourth quarter results, with revenue increasing by 42.6% and net income increasing by 18.6%. This marked the 10th consecutive quarter of growth for the company. As a result, ABM INDUSTRIES stock opened at $46.7 and closed at $45.6, down by 0.1% from its previous closing price of 45.7. The record fourth quarter results were a result of strong sales in both the industrial and commercial segments of the business.
Additionally, ABM INDUSTRIES was able to reduce its operating expenses significantly, resulting in an 18.6% increase in net income. This was achieved through cost-saving initiatives such as relocating manufacturing operations to countries with lower labor costs. Overall, the record fourth quarter results demonstrate ABM INDUSTRIES’ commitment to long-term growth and profitability. The company is well-positioned to continue to capitalize on growth opportunities in the coming quarters and years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Abm Industries. More…
| Total Revenues | Net Income | Net Margin |
| 7.81k | 230.4 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Abm Industries. More…
| Operations | Investing | Financing |
| 20.4 | -740 | 235.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Abm Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.87k | 3.15k | 25.4 |
Key Ratios Snapshot
Some of the financial key ratios for Abm Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | 16.6% | 4.5% |
| FCF Margin | ROE | ROA |
| -0.4% | 13.1% | 4.5% |
VI Analysis
ABM Industries Incorporated (ABM) is an American company that provides facility services for commercial, industrial, institutional and residential properties. A simple analysis of the company’s fundamentals provides an insight into its long-term potential. Using the VI app’s Star Chart, ABM has a high health score of 8/10, indicating that it is capable of paying off debt and funding future operations through its cashflows and debt. In terms of its other fundamentals, ABM is strong in dividends, growth and medium in profitability, but weak in asset. This classification of ‘cheetah’ means that ABM has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in such a company may be those looking for capital appreciation, as well as those looking for diversifying their portfolio. For investors considering investing in a company like ABM, it is important to consider the company’s fundamentals and overall health to assess whether it is capable of achieving long-term growth. Additionally, investors should also take into account factors such as the company’s competitive landscape and its ability to adapt to changing conditions in order to make informed decisions. More…
VI Peers
As the competition heats up, ABM Industries Inc will have to make sure that their services remain the best in the industry in order to stay ahead of their competitors.
– Mader Group Ltd ($ASX:MAD)
Mader Group Ltd is a leading global provider of construction services, specializing in the mining and energy sectors. With a market cap of 714M as of 2022, the company is well positioned to continue to grow and expand its business. Mader Group Ltd has a very impressive Return on Equity (ROE) of 33.68%, which is significantly higher than the industry average of 14%. This indicates that the company is making effective use of its equity to generate excellent returns for its shareholders. Mader Group Ltd is well-positioned to capitalize on growth opportunities in the global construction and energy sectors.
– Teleperformance SE ($OTCPK:TLPFF)
Teleperformance SE is a global leader in customer experience management and business process outsourcing. Founded in 1978, the company specializes in providing customer care, technical support, and digital integrated services across multiple channels. As of 2022, Teleperformance SE has a market capitalization of 13.34B. Its return on equity (ROE) is 16.41%, which indicates a high return on the invested capital relative to its competitors. This strong ROE is testament to the company’s ability to generate value for its shareholders by efficiently using its resources.
– Dexterra Group Inc ($TSX:DXT)
Dexterra Group Inc is a Canadian company that specializes in providing enterprise mobility solutions and services to its clients. The company has a market cap of 335.95M as of 2022, which represents its current market value. Its Return on Equity (ROE) is 4.62%, which refers to the amount of net income earned compared to the company’s total equity. The company’s current ROE is lower than the industry average, indicating that it is creating less value for its shareholders than its peers. Overall, Dexterra Group Inc is a reliable provider of enterprise mobility solutions and services and its market cap and ROE can be taken as indicators of its stability and potential for growth.
Summary
Investors are bullish on ABM Industries after the company reported strong fourth quarter earnings results for FY2022. Total revenue for the quarter increased 42.6% year over year to USD 48.9 million, driven by organic growth as well as growth from acquisitions. Net income also grew 18.6% year over year to USD 2011.1 million. This is a positive sign that the company is well-positioned to capitalize on the current economic climate and continue to grow its business. ABM Industries has a strong balance sheet and a low debt-to-equity ratio, which suggests the company is well-positioned to handle any potential market volatility.
Additionally, the company has a long history of consistent dividend payments, meaning investors can expect regular returns on their investments. The company has also been investing in research and development, which may lead to new products and services in the future. Overall, ABM Industries is a strong long-term investment option. The company has a solid financial position and a stable business model, and is continuing to invest in the future. With such strong fundamentals, investors can expect the company to continue to grow in the long-term.
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