Company Performance - ABM Industries reported impressive fourth-quarter fiscal 2024 results, with earnings per share (EPS) of 90 cents, surpassing the Zacks Consensus Estimate by 4.7% but declining 10.9% year-over-year [15][16] - Total revenues for ABM reached 2.2billion,exceedingtheconsensusmarkby4.3128 million, down 11% from the year-ago quarter, with an adjusted EBITDA margin of 6.2%, a decrease of 60 basis points from the previous quarter [6] Segment Performance - The Technical Solutions segment saw revenues increase by 34.9% to 257.4 million, outperforming estimates due to strong microgrid project activity [4] - The Manufacturing & Distribution segment's revenues decreased to 387.7 million, slightly surpassing expectations, driven by a large ecommerce customer's rebalancing of work [5] - The Education segment's revenues were 230million,amarginalrisefromtheyear−agoquarter,butmissedestimates[11]−TheAviationsegment′srevenuesincreasedby11.4276.5 million, beating estimates due to strong travel markets [17] - The Business & Industry segment's revenues declined slightly year-over-year to 1billion,butoutperformedestimates[18]FinancialPosition−ABMexitedthefourthquarterwithcashandcashequivalentsof64.6 million, down from 86.3millioninthepreviousquarter,whilelong−termdebtremainedflatat1.3 billion [12] - Net cash generated by operating activities was 30.3millionforthequarter,withfreecashflowamountingto15.5 million [12] Guidance - The company raised its EPS guidance for fiscal 2025 to an adjusted EPS of 3.6−3.8, aligning the mid-point with the Zacks Consensus Estimate [20]
ABM Industries(ABM) ZACKS·2024-12-24 17:51