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ABM Industries reports Q1 earnings slightly down but raises full-year guidance, despite recent stock decline.
Facility management company ABM Industries saw a drop in net income to $0.69 per share in Q1 2025, from $0.70 per share last year, though adjusted earnings of $0.87 per share beat expectations.
Revenue grew 2.2% to $2.11 billion.
ABM raised its full-year earnings guidance to $3.65 to $3.80 per share, and announced a quarterly dividend of $0.27 per share.
Despite a recent 6.9% stock decline, UBS Group raised its target price to $56, maintaining a "neutral" rating.
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ABM Industries reporta un ligero descenso de las ganancias del primer trimestre, pero aumenta la orientación a todo el año, a pesar de la reciente disminución de las existencias.