Cleaning & Maintenance Management Online

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.
Click here to read the complete release.
For related information, click here.