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3月前
ABM Industries posts Q1 earnings miss despite revenue topping forecastsMarch 10, 2026 8:55 AM
IH Market News
ABM Industries Incorporated (NYSE:ABM) reported fiscal first-quarter 2026 results on Tuesday that came in below earnings expectations, even as revenue slightly exceeded analyst estimates. The company posted adjusted earnings per share of $0.83, compared with the consensus forecast of $0.87. Revenue totaled $2.2 billion, just above the $2.19 billion estimate and representing a 6.1% increase from a year earlier.Shares of the facilities services provider rose 0.51% in pre-market trading following the announcement.Adjusted EPS declined from $0.87 in the same quarter last year, while revenue increased from $2.1 billion.The company said margin pressure was mainly driven by its Technical Solutions segment, where project timing challenges — including weather-related delays and an unfavorable service mix — created roughly $0.05 of EPS pressure relative to internal expectations. Segment operating margin narrowed to 7.1% from 7.6% a year earlier.“ABM is off to a solid start to fiscal 2026, delivering strong organic revenue growth of 5.5% and meaningful improvement in operating cash flow and free cash flow,” said Scott Salmirs, President and Chief Executive Officer. “Growth was broad-based across our portfolio, reflecting healthy demand in our end markets and our team’s continued success in expanding client relationships.”Revenue expansion was led by Technical Solutions, which rose 14%, and Aviation, which increased 10%. Manufacturing & Distribution revenue grew 7%, while Business & Industry advanced 4% and Education rose 2%.Operating cash flow improved sharply to $62.0 million, compared with negative $106.2 million in the prior-year period. Free cash flow reached $48.9 million, compared with negative $122.9 million a year earlier.ABM reaffirmed its fiscal 2026 outlook, maintaining guidance for organic revenue growth of 3% to 4% and adjusted earnings per share between $3.85 and $4.15. The midpoint of $4.00 represents the company’s earnings target for the year.ABM Industries stock price
Original: ABM Industries posts Q1 earnings miss despite revenue topping forecasts
Penny Roger$
14年前
ABM Industries Incorporated (ABM), through its subsidiaries, is a provider of integrated facilities management services to commercial, governmental, industrial, institutional, residential, and retail client facilities, primarily throughout the United States. The Company operates in four segments: Janitorial, Engineering, Parking and Security. Certain of the Company’s subsidiaries provide a range of janitorial services for clients, primarily throughout the United States, in a variety of facilities, including commercial office buildings, industrial buildings, retail stores, shopping centers, warehouses, airport terminals, health facilities, educational institutions, stadiums and arenas and government buildings. Certain of the Company’s subsidiaries provide integrated facilities services, building operations and maintenance, and bundled energy solutions through both mobile and onsite applications. On December 1, 2010, the Company acquired The Linc Group, LLC.
http://www.google.com/finance?q=ABM