ABM
ABM Industries Inc.
ABM Industries Inc.
$ABM reports Q1 2023 results; adjusted EPS at $0.94 per diluted share
ABM's Q1 2023 financial results show lower adjusted EPS at $0.94 per diluted share, however, the company reaffirms its prior outlook for FY2023 with expected adjusted EBITDA margin of 6.0%-6.3%. The CEO emphasizes ABM's financial resilience and essential services amid protracted timing of programs and supply chain delays. ERP system rollout is set for mid-year 2023. The press release includes cautionary language concerning various factors and forward-looking statements are subject to risks and uncertainties. Quarterly cash dividend of $0.22 per common share has been declared payable on May 1, 2023.
6mo ago
$ABM