2023-06-06 07:00:37 ET
- ABM Industries press release ( NYSE: ABM ): Q2 Non-GAAP EPS of $0.90 beats by $0.04 .
- Revenue of $2B (+4.5% Y/Y) in-line.
- For full fiscal year 2023, the Company now expects GAAP EPS to be in the range of $2.52 to $2.72, compared to $2.43 to $2.63 previously. This revised outlook reflects a $0.09 EPS benefit from changes in items impacting comparability, primarily related to the fair value of contingent consideration. Excluding these items, the Company is reaffirming its prior outlook for adjusted EPS of $3.40 to $3.60.
- Adjusted EBITDA margin is now expected to be in the range of 6.5% to 6.8%, reflecting a ten basis point increase at the low-end of the prior forecast, and interest expense is now expected to be approximately $80 million, roughly $6 million higher than the high-end of the Company’s previous forecast.
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ABM Industries Non-GAAP EPS of $0.90 beats by $0.04, revenue of $2B in-line