ABM Industries (ABM) Reports 67.57% Decline in Net Profit for Fiscal Year 2024

Dec 19, 2024

ABM Industries (ABM, Financial) has released its financial report for the fiscal year 2024, revealing a net profit of $81.40 million, marking a decline of 67.57% compared to the previous year. Despite the drop in profit, the company's operating revenue increased by 3.25% to $8.359 billion, with basic earnings per share at $1.29.

On the balance sheet, ABM Industries (ABM, Financial) reported total liabilities of $3.315 billion, including short-term debt of $58.20 million. The company has a debt-to-equity ratio of 1.54 and a current ratio of 1.33.

Regarding institutional ratings as of December 20, 2024, six institutions have projected a target price for ABM Industries, with an average target price of $58.00. The lowest target price is $55.00, while the highest is $63.00.

ABM Industries is a provider of integrated facility solutions, operating primarily in the U.S. Its services span commercial and industrial sectors, including cleaning, facility engineering, and parking services for commercial properties, sports, and entertainment venues.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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