ABM Industries sees a 30 percent profit increase
December 18, 2009
NEW YORK — ABM Industries Inc. recently reported their fiscal fourth-quarter earnings that include a profit increase of 30 percent, according to a press release.
The company, which provides janitorial, parking, security and other services, posted a net income of $15 million, compared to $11.6 million in the year-ago quarter, the release stated
Quarterly revenue fell 4.2 percent to $868 million and overall quarterly expenses were down 4 percent, the release noted.
For the year, profit rose 19 percent to $54.3 million, up from $45.3 million a year ago, the release added.
According to the release, earnings per share were consistent with what was expected from analysts surveyed by Thomson Reuters.
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