NYSE$ABM
ABM Industries Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Performance reflected continued strategic and operational execution during COVID-19.
ABM Industries reported Q2 fiscal 2020 results, with revenues of approximately $1.5 billion, a decrease of 6.2% compared to Q2 2019. The company reported a net loss of $136.8 million, or $2.05 per diluted share, driven primarily by impairment charges related to Education, Aviation, and UK-based Technical Solutions segments, compared to net income of $29.7 million, or $0.45 per diluted share last year.
- COVID-19 pandemic spread rapidly, requiring immediate mobilization to respond to critical client needs and protect team members.
- Underlying profit and margin performance demonstrated the ability to rapidly deploy services to meet heightened demand across diversified end-markets.
- Variable business model was leveraged to adapt to an ever-changing operating environment.
- Significant demand for COVID-19 related Work Orders in Business & Industry, Technology & Manufacturing and Education segments partially offset revenue declines.
Headline financials
Revenue & EPS history
ABM · Revenue · Quarterly
$1.5B
Revenue by segment
ABM · $1.26B total across 4 segments · Q2 2020
- Business & Industry$723M+0.4%57.5%
- Education$236M-12.6%18.8%
- Aviation$172M-29.5%13.7%
- Technical Solutions$127M-19.0%10.1%
Forward guidance
The company withdrew its previously issued fiscal 2020 guidance outlook due to the extraordinary and evolving nature of the COVID-19 pandemic.
Tailwinds
- There is a higher degree of awareness for professional sanitization, hygiene and safety.
- Competitive advantages of national scale, supply chain and advisory resources are unparalleled.
- Proprietary EnhancedClean™ offering will give clients a holistic, programmatic and specialized approach to cleaning and sanitizing.
- There will be a more permanent and robust shift toward the services that differentiate us in the market.
- ABM is in a great position to leverage our strengths in the future.
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 Q2 2020
+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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