ABM Industries Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

ABM Industries (NYSE:ABM) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.36b (up 3.2% from FY 2023).
• Net income: US$81.4m (down 68% from FY 2023).
• Profit margin: 1.0% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.29 (down from US$3.81 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ABM Industries Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 42%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 9.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for ABM Industries you should be aware of, and 1 of them is a bit concerning.

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