Benzinga | Mar 9, 2021 04:29PM EST

ABM Indus: Q1 Earnings Insights

Shares of ABM Indus (NYSE:ABM) increased in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 158.97% year over year to $1.01, which beat the estimate of $0.59.

Revenue of $1,492,000,000 decreased by 7.50% year over year, which beat the estimate of $1,480,000,000.

Looking Ahead

ABM Industries Sees FY 2021 GAAP Income $3.00-$3.25

Technicals

52-week high: $48.39

52-week low: $19.79

Price action over last quarter: Up 16.57%

Company Description

ABM Industries is a provider of integrated facility solutions. It offers its solutions through five segments: business and industry, aviation, technology and manufacturing, education, and technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.