ABM Earnings Prediction
The chart below shows how ABM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ABM sees a +0.20% change in stock price 10 days leading up to the earnings, and a -4.44% change 10 days following the report. On the earnings day itself, the stock moves by +0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
ABM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.18B
4.04%
3.97%
Gross Margin
11.87%
-7.19%
-0.25%
Operating Margin
0.88%
-82.68%
-50.84%
Net Margin
-0.54%
-117.94%
-345.45%
EPS
-0.19
-119.79%
-371.43%
No Data Available
ABM Earnings Analysis
ABM Industries, Inc. Corporation (ABM.N) Earnings Conference Call
Positive
Strong Q4 Revenue Growth: ABM finished the year on a high note, driven by double-digit revenue growth in Technical Solutions and Aviation in the fourth quarter, and our performance also reflects the continued resilience of our Business & Industry segment.
Organic Revenue and EPS Growth: We posted 3% organic revenue growth and delivered adjusted EPS of $0.90, both of which were moderately above our expectations.
Microgrid Service Line Expansion: The biggest story in Technical Solutions, which grew 16% organically, was a rapid expansion of our microgrid service line, complemented by growth in our data center related business.
Aviation Business Growth: Our Aviation business grew 12% in 2024 as we benefited from healthy travel markets and also from our truly differentiated service offering ABM Clean.
Stock Repurchase and Dividend Increase: We repurchased $56 million of stock at an average price of under $48 per share and continued our long-standing record of raising our annual dividend.
Negative
Fourth Quarter Revenue Increase: Fourth quarter revenue of $2.2 billion increased 4%, comprised of 3% organic growth, with the remaining 1% driven by our third quarter acquisition of Quality Uptime Services.
Organic Revenue Decline: Organic revenue growth was down less than 1% for the year, benefiting from our diverse client and service mix, our leading market position and our penetration in the higher-performing Class A segment of the market.
Quarterly Net Loss: We recorded a fourth quarter net loss of $11.7 million or $0.19 per share as compared to net income of $62.8 million or $0.96 per share last year.
Contingent Consideration Adjustment: This result was primarily attributable to a $59.7 million adjustment to our contingent consideration related to the Raven Volt earnout, the negative impact of prior year self-insurance adjustments, legal settlements, higher corporate investments and lower segment operating earnings, partially offset by lower income tax.
Adjusted Income Decline: Adjusted net income of $57.5 million and adjusted earnings per share of $0.90 decreased 13% and 11%, respectively, from the prior year.
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ABM Earning Call Sentiment
ABM Industries Incorporated (ABM) Q4 2024 Earnings Call Transcript
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ABM.N
-0.17%Positive
The earnings call summary shows strong performance in technical solutions and education revenue, and raised EPS guidance, suggesting positive sentiment. The Q&A section reveals some concerns about future costs and unclear management responses, slightly tempering the optimism. However, the overall positive revenue growth, share repurchase, and optimistic market outlook outweigh these concerns. Considering the small-cap nature of the company, the stock price is likely to react positively, falling into the 2% to 8% range.
