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ABM Industries beats Q2 revenue estimates, reporting a 4.6% rise despite lower net income.
Facility services company ABM Industries reported a 4.6% revenue increase to $2.11 billion for Q2, beating estimates.
Organic growth was 3.8%, with strong gains in the Technical Solutions and Aviation sectors.
Net income fell to $42.2 million, or $0.67 per share, but adjusted earnings rose to $0.86 per share.
Despite a lower net income, ABM maintained its full-year earnings guidance of $3.65 to $3.80 per share.
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ABM Industries supera las estimaciones de ingresos del segundo trimestre, reportando un aumento del 4,6% a pesar de los ingresos netos más bajos.