ABM Industries Q2 Earnings & Revenues Beat Estimates
ABM Industries Incorporated (NYSE: ABM) reported impressive second-quarter fiscal 2024 results, wherein earnings per share and revenues surpassed the Zacks Consensus Estimate.
ABM’s EPS (excluding 18 cents from non-recurring items) was 87 cents, which beat the Zacks Consensus Estimate by 11.5% but decreased 3.3% from the year-ago quarter. Total revenues of $2 billion outpaced the consensus mark by 1% and increased 1.7% on a year-over-year basis.
The company’s shares have gained 15.5% in the past three months, outperforming the 5.5% rally of the industry it belongs to.
ABM Industries Incorporated Price and EPS Surprise
ABM Industries Incorporated price-eps-surprise | ABM Industries Incorporated Quote
Segmental Revenues
The Aviation segment’s revenues gained 4.8% from the year-ago quarter to $238.2 million and missed our extimate of $240.6 million. The metric was driven primarily by robust travel markets, and business wins on airport and airline for the business.
Technical Solutions increased 4.6% from second-quarter fiscal 2023 to $176.2 million. The metric missed our estimate …
Full story available on Benzinga.com