ABM Increases 3rd-Quarter Revenue 27%September 9, 2022
The company reported a quarterly net income of $56.8 million, or $0.85 per share, up 92% compared to a loss of $13.7 million, or $0.20 per share last year. ABM credited the revenue gains to a 21.3% rise in revenue in its aviation segment and a 9.3% increase in its technical solutions division.
“ABM delivered solid third quarter results highlighted by double-digit growth of both revenue and adjusted EBITDA. This performance reflected the benefit of recent acquisitions, healthy demand for our core janitorial and engineering services, as well as continued strong growth in eMobility,” said Scott Salmirs, ABM CEO and president.
ABM is a provider of building maintenance and facility services across the United States and Canada, offering customized solutions for cleaning, engineering maintenance, and commercial building maintenance. For more information, visit www.abm.com.