NYSE$ABM
ABM Industries Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
ABM reported first quarter fiscal 2024 results with revenue up 3.9% and raised outlook for fiscal year 2024 adjusted EPS.
ABM had a strong start to fiscal year 2024, with a 3.9% increase in revenue to $2.1 billion, driven by organic growth. Net income rose to $44.7 million, or $0.70 per diluted share, marking a 16% and 21% increase, respectively. The company has raised its outlook for the full year adjusted EPS to a range of $3.30 to $3.45.
- Revenue increased by 3.9% to $2.1 billion, entirely through organic growth.
- Net income reached $44.7 million, with GAAP EPS at $0.70, reflecting increases of 16% and 21%, respectively, including discrete tax benefits of $4.4 million, or $0.07 per share.
- Adjusted EPS increased by 9% to $0.86.
- The outlook for fiscal year 2024 adjusted EPS has been raised to $3.30 to $3.45.
Headline financials
Revenue & EPS history
ABM · Revenue · Quarterly
$2.07B
Revenue by segment
ABM · $2.09B total across 5 segments · Q4 2023
- Business & Industry$1.03B—49.4%
- Manufacturing & Distribution$391M—18.7%
- Aviation$248M—11.9%
- Education$230M—11.0%
- Technical Solutions$191M—9.1%
Forward guidance
ABM is raising its outlook for fiscal year 2024 adjusted EPS to be in the range of $3.30 to $3.45.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.0%
Avg return
Earnings day
-2.1%
Avg return
5 days after
-1.5%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+18.7%
Q4 2018
Best reaction
-13.2%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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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