NYSE$ABM

ABM Industries Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

ABM reported resilient operational and financial performance in Q4 2020.

ABM Industries announced financial results for the fourth quarter and full year that ended October 31, 2020. The company achieved revenues of $1.5 billion for the quarter. GAAP income from continuing operations was $53.1 million, or $0.78 per diluted share. Adjusted income from continuing operations was $46.7 million, or $0.69 per diluted share.

  • Fourth quarter revenue improved sequentially compared to the third quarter.
  • Pandemic-related work orders and labor management continued to drive solid profit growth.
  • Adjusted EBITDA margin accelerated to the longer term target range and record cash flow was generated.
  • The strength of market positioning, as well as liquidity, has enabled the company to navigate the risks and opportunities of the pandemic confidently.

Headline financials

Total Revenue

$1.48B

Previous: $1.65B-9.9%
EPS (adj)

$0.69

Previous: $0.66+4.5%
Adjusted EBITDA

$92.5M

Previous: $93M-0.5%
Capital Expenditures

$9.1M

Previous: $15.2M-40.1%
Free Cash Flow

$190M

Previous: $134M+42.0%
Net Income

$53.1M

Previous: $47.9M+10.9%
Operating Income

$53.1M

Previous: $66.2M-19.8%
Gross Profit

$50.9M

Previous: $195M-73.9%
Cash & Equivalents

$394M

Previous: $58.5M+573.8%
Total Assets

$3.78B

Previous: $3.69B+2.3%
Stock-Based Comp

$9.2M

Previous: $3.9M+135.9%

Revenue & EPS history

ABM · Revenue · Quarterly

$1.48B

Q4 2020-9.9%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

ABM · $2.09B total across 5 segments · Q4 2023

  • Business & Industry
    $1.03B
  • Manufacturing & Distribution
    $391M
  • Aviation
    $248M
  • Education
    $230M
  • Technical Solutions
    $191M

Forward guidance

For the first quarter of fiscal 2021, the Company expects GAAP income from continuing operations of $0.53 to $0.58 per diluted share, and adjusted income from continuing operations of $0.60 to $0.65 per diluted share.

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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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