ABM Industries Reports Strong Quarterly Results, Surpassing Earnings Expectations

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The company reported a Non-GAAP EPS of $0.90, surpassing analyst expectations by $0.04. On top of that, their total revenue of $2B was in line with expectations. ABM ($NYSE:ABM) Industries is a leading provider of extensive facility solutions in the US, Canada, and select international markets. They provide customized solutions for facilities including janitorial, engineering, security, and more.

This allows each customer to build their facilities with efficiency and cost-effectiveness while adhering to their own individual needs. The company’s strong quarterly results are indicative of their ability to serve customers and continuously improve in the current times of economic uncertainty.

Earnings

ABM INDUSTRIES has reported their quarterly results for FY2023 Q1 ending January 31 2021, surpassing earnings expectations. Total revenue was reported at 1492.4M USD, a 22.9% decrease from the previous year. Net income also decreased 1.8% to 74.6M USD.

Despite this period of decline, ABM INDUSTRIES’s total revenue has increased from 1492.4M USD to 1991.3M USD in the last 3 years. These positive results reflect ABM INDUSTRIES’s financial stability and indicate future growth potential.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Abm Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Abm Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Abm Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Abm Industries are shown below. More…

Price History

ABM INDUSTRIES reported a strong quarterly result on Tuesday, surpassing earnings expectations. The stock opened at $45.9 and closed at $48.5, rising by 7.1% from the previous closing price of 45.3. This was the highest closing price for ABM Industries in the past year. Investors were excited about the news and sent the stock price soaring. This was all well above analysts’ expectations, which was a major driver of the stock’s strong performance.

This move is seen as an indication that the company is confident in its performance and prospects going forward. It also signals that management is willing to reward shareholders with higher returns. Overall, ABM Industries reported a stellar quarter, and investors responded accordingly. The strong performances from the company and its stock price show that it is well-positioned for future growth. Live Quote…

Analysis

At GoodWhale, we have created a report after analyzing the fundamentals of ABM INDUSTRIES. According to our Risk Rating, this company is a medium risk investment in terms of both financial and business aspects. This means that ABM INDUSTRIES’ financial situation is solid, yet requires more research before investing. We have also detected one risk warning in the balance sheet of ABM INDUSTRIES. If you would like to check it out, please register with us. By signing up for our services, you will gain access to our detailed analysis and reports about ABM INDUSTRIES. It will provide you with a deeper understanding of their financial situation and the risk associated with them before deciding to invest. More…

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

Revenue of $2B was in line with estimates. The stock moved up the same day following the announcement, indicating investor enthusiasm. Analysts have given ABM a “Hold” rating, citing concerns over growth prospects and profitability.

The company does, however, have a strong balance sheet with high cash reserves and minimal debt. Investment analysts recommend keeping a close eye on ABM in the coming quarters to determine whether it can continue to deliver strong results.