- Posted fourth quarter revenue of $2.0 billion, up 19% year-over-year, with 6% organic growth
- Delivered fourth quarter net income of $48.9 million and GAAP EPS of $0.73, a year-over-year increase of 43% and 46%, respectively
- Generated fourth quarter adjusted EBITDA of $130.7 million, up 18% year-over-year
- Recorded fourth quarter adjusted EPS of $0.89, up 5% year-over-year
- Received Board approval for a $150 million expansion of the Company's existing share repurchase authorization
NEW YORK, Dec. 13, 2022 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, today announced financial results for the fourth quarter and full year ended October 31, 2022.
“ABM generated solid fourth quarter results, with total revenue growth of 19%, including broad-based organic revenue growth of 6%, and double-digit adjusted EBITDA growth. Our adjusted EBITDA margin of 6.8% reflects consistent execution by the ABM team," said Scott Salmirs, ABM's President and Chief Executive Officer. "We posted strong organic growth in our Technical Solutions, Aviation and Manufacturing & Distribution segments, and also...