ABM Industries Inc (ABM) surged 5.31% in pre-market trading following the release of its fourth-quarter fiscal 2025 results, the announcement of a strategic acquisition, and a dividend increase.
The company reported Q4 revenue of $2.3 billion, up 5.4% year-over-year, with net income of $34.8 million, reversing a loss from the prior year. Adjusted EPS came in at $0.88, slightly below estimates, but revenue exceeded expectations. Technical Solutions revenue grew 16%, driven by increased microgrid project activity.
ABM also announced the acquisition of WGNSTAR, a semiconductor services provider, for approximately $275 million, expanding its footprint in the high-growth semiconductor market. Additionally, the company raised its quarterly dividend by 9.4% to $0.29 per share, marking its 58th consecutive annual increase.
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