ABM reports Q4 adjusted EPS 90c, consensus 87c

Reports Q4 revenue $2.2B, consensus $2.08B. “ABM (ABM) finished the year well, with double-digit revenue growth in Technical Solutions and Aviation, and our performance also reflected the continued resilience of our Business & Industry segment. These fourth quarter results were highlighted by 3.2% organic revenue growth and adjusted EPS of $0.90 cents, both of which were a little higher than expected,” said Scott Salmirs, President and Chief Executive Officer. “We proactively repurchased stock in the fourth quarter, more than doubling the spend for the year. In addition, we received Board approval to raise our quarterly dividend by 18%, further underscoring our confidence in ABM’s long-term growth trajectory and strategic vision.”