ABM Industries (ABM) Beats Q4 Earnings & Revenue Estimates
Zacks Investment Research | Dec 15, 2021 12:06AM ET
ABM Industries (NYSE:ABM) Inc. industry it belongs to.
Let’s check out the numbers.
h3 Segment-Wise Revenues/h3Business & Industry revenues increased 17.5% year over year to $933.2 million. Technology & Manufacturing revenues inched up 0.1% year over year to $245.5 million. Aviation revenues increased 43% year over year to $201.7 million. Technical Solutions revenues increased 21% year over year to $149 million.
Education revenues of $204.4 million, however, decreased 3.7% from the prior-year quarter.
h3 Operating Results/h3Adjusted EBITDA came in at $111.2 million, up 20.2% from the prior-year level. Adjusted EBITDA margin rose to 6.6% from 6.2% in the year-ago quarter.
Operating expenses increased 16.4% from the year-ago figure to $1.45 billion. Selling, general and administrative expenses also increased 16.6% from the year-ago level to $180.9 million.
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