Brief: ABM Reports Fourth Quarter, Full Year Fiscal 2022 Results

ABM Industries

13/12/2022 21:08

Dec 13 (Reuters) - ABM Industries Inc  ABM.N :
    * ABM REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2022
RESULTS AND
PROVIDES FULL YEAR FISCAL 2023 OUTLOOK
    * POSTED Q4 REVENUE OF $2.0 BILLION, UP 19% YEAR-OVER-YEAR,
WITH
6% ORGANIC GROWTH
    * FOR FISCAL 2023, ABM EXPECTS GAAP EARNINGS PER DILUTED
SHARE OF
$2.43 TO $2.63
    * Q4 ADJUSTED EPS OF $0.89
    * QTRLY GAAP EPS OF $0.73
    * FOR FISCAL 2023, ABM EXPECTS ADJUSTED EPS OF $3.40 TO
$3.60
    * Q4 EARNINGS PER SHARE VIEW $0.88, REVENUE VIEW $1.96
BILLION --
REFINITIV IBES DATA
    * AS WE ENTER 2023, WILL CONTINUE TO FACE LABOR-RELATED
PRESSURES
IN NEAR-TERM
    * FY2023 EARNINGS PER SHARE VIEW $3.70 -- REFINITIV IBES
DATA
    * IN FISCAL 2023, EXPECT RELATIVELY HEALTHY DEMAND ACROSS
INDUSTRY
GROUPS, LEADING TO RETURN TO MORE NORMALIZED GROWTH RATES

Source text for Eikon:  ID:nGNX6lN9jT 
Further company coverage:  ABM.N 
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