ABM Industries reports $2,243.5M revenue, EPS $0.64 — Q report
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ABM Industries reported Q1 revenue of $2,243.5 million, a 6.1% increase year-over-year, with net income per share at $0.64. The growth was driven by organic growth (5.5%) and acquisitions (0.6%). However, net income declined by 11.1% to $38.8 million, impacted by restructuring charges and a 25.6% effective tax rate. The company initiated a Restructuring Program aiming for $35 million in annual savings, supported by strong performance in Technical Solutions and Aviation.
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