ABM Industries: Fiscal 4Q Earnings Snapshot

December 18, 2018

NEW YORK (AP) _ ABM Industries Inc. (ABM) on Tuesday reported fiscal fourth-quarter net income of $9.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 15 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted revenue of $1.65 billion in the period.

For the year, the company reported profit of $97.8 million, or $1.47 per share. Revenue was reported as $6.44 billion.

ABM Industries expects full-year earnings in the range of $1.90 to $2.05 per share.

ABM Industries shares have fallen 28 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $27.06, a fall of 29 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABM at https://www.zacks.com/ap/ABM

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