NYSE$ABM

ABM Industries Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported first quarter revenues with GAAP continuing EPS and declared 216th consecutive quarterly dividend.

ABM Industries announced positive first quarter results for fiscal year 2020, with revenue up 0.3% to $1.6 billion and GAAP continuing EPS of $0.41. The company benefited from a favorable, higher margin portfolio mix and achievement of its targeted leverage range.

  • Revenues reached approximately $1.6 billion, a 0.3% increase year-over-year.
  • GAAP income from continuing operations was $27.9 million, or $0.41 per diluted share.
  • Adjusted income from continuing operations was $26.2 million, or $0.39 per diluted share.
  • The Board of Directors declared a cash dividend of $0.185 per common share.

Headline financials

Total Revenue

$1.61B

Previous: $1.61B+0.3%
EPS (adj)

$0.39

Previous: $0.31+25.8%
Adjusted EBITDA

$68.8M

Previous: $68.8M+0.0%
Capital Expenditures

-$11.5M

Previous: -$11.6M+0.9%
Free Cash Flow

-$45.8M

Previous: -$50.9M+10.0%
Net Income

$28M

Previous: $13M+115.4%
Operating Income

$45.8M

Previous: $30.3M+51.2%
Gross Profit

$179M

Previous: $162M+10.7%
Cash & Equivalents

$69.8M

Previous: $30.6M+128.1%
Total Assets

$3.85B

Previous: $3.69B+4.4%
Stock-Based Comp

$4.9M

Previous: $4.5M+8.9%

Revenue & EPS history

ABM · Revenue · Quarterly

$1.61B

Q1 2020+0.3%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ABM · $2.29B total across 5 segments · Q2 2026

  • Business & Industry
    $1.02B
  • Manufacturing & Distribution
    $464M
  • Aviation
    $311M
  • Technical Solutions
    $267M
  • Education
    $232M

Forward guidance

The Company continues to expect GAAP income from continuing operations of $1.65 to $1.85 per diluted share, and adjusted income from continuing operations of $1.90 to $2.10 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-1.5%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+18.7%

Q4 2018

Best reaction

-13.2%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+6.6%+12.1%
Q1 2026-4.6%-10.4%-8.8%
Q4 2025+5.7%-7.7%-1.0%
Q3 2025+0.6%-4.3%-3.2%
Q2 2025+0.0%-2.0%+10.1%
Q1 2025-8.7%-4.3%-7.5%
Q4 2024-6.9%-8.3%-3.3%
Q3 2024-11.0%-12.6%-8.6%
Q2 2024+6.7%+6.0%+3.5%
Q1 2024+2.8%+2.5%+8.2%
Q4 2023+5.9%+3.2%-5.2%
Q3 2023-12.3%-12.1%-7.8%
Q2 2023+6.3%+2.4%-6.9%
Q1 2023-3.6%-7.6%-8.4%
Q4 2022-3.2%-3.9%+0.7%
Q3 2022-4.8%-8.9%-12.0%
Q2 2022-13.2%-22.4%-13.9%
Q1 2022+2.9%+1.1%+4.8%
Q4 2021-10.2%-15.2%-1.7%
Q3 2021-2.8%-2.0%-1.9%
Q2 2021-0.0%-0.2%-12.3%
Q1 2021+6.2%+8.7%+8.9%
Q4 2020-1.2%-5.8%+0.2%
Q3 2020+0.5%-5.7%-2.2%
Q2 2020+14.4%+14.3%+5.8%
Q1 2020+3.3%-7.1%-32.9%
Q4 2019+5.1%+1.8%+7.3%
Q3 2019-3.6%-1.7%-5.1%
Q2 2019+5.8%+5.0%+8.3%
Q1 2019-6.8%-7.0%+3.1%
Q4 2018+18.7%+16.4%+34.8%
Q3 2018+5.7%+6.3%-0.2%
Q2 2018+12.1%+6.9%+4.7%
Q1 2018+3.7%+7.5%-4.2%
Q4 2017-12.9%-13.1%-11.3%
Q3 2017-9.1%-6.9%-3.2%
Q2 2017+2.4%-5.3%-4.2%
Q1 2017+5.0%+6.9%+4.0%
Q4 2016-7.9%-6.6%-7.3%
Q3 2016+3.7%-0.6%-0.5%
Q2 2016+8.8%+7.2%+7.5%
Q1 2016+2.7%
Q4 2015+0.1%
Q3 2015-2.8%
Q2 2015+2.0%
Q1 2015-5.7%
Q4 2014+3.1%
Q3 2014+4.5%
Q2 2014-3.2%
Q1 2014-0.3%
Q4 2013-3.7%
Q3 2013+1.4%
Q2 2013+5.2%
Q1 2013-3.0%
Q4 2012+1.4%
Q3 2012-5.6%
Q2 2012-1.5%
Q1 2012+4.0%
Q4 2011+0.0%
Q3 2011-4.4%
Q2 2011-0.5%
Q1 2010-4.0%
Q1 2011+4.4%
Q2 2010+0.2%
Q4 2008+0.2%
Q4 2010+0.2%
Q3 2010+0.6%
Q3 2009+0.6%
Q4 2009+0.6%

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