Mar. 10 at 11:10 AM
$ABM ABM reports Q1 adjusted EPS 83c, consensus 87c
Reports Q1 revenue
$2.2B, consensus
$2.19B. "ABM is off to a solid start to FY26, delivering strong organic revenue growth of 5.5% and meaningful improvement in operating cash flow and free cash flow," said CEO Scott Salmirs. "Growth was broad-based across our portfolio, reflecting healthy demand in our end markets and our team's continued success in expanding client relationships. This performance reinforces our confidence in the strength and resiliency of our business. From a margin perspective, results were below our expectations, driven primarily by Technical Solutions, which as we've noted in the past, is inherently project-driven and can vary quarter to quarter.
This period was impacted by project timing, including temporary weather-related delays, as well as service mix, resulting in approximately 5c of EPS pressure relative to our internal plan...We are excited to have closed the WGNSTAR acquisition at the beginning of Q2. This transaction strengthens our position in the fast-growing semiconductor market and enhances our technical capabilities in fabrication environments...Our FY26 outlook remains unchanged. We expect margin performance to improve as project timing in ATS normalizes and as we continue executing on operational and cost initiatives across the enterprise."
