Stock Track | ABM Industries Plunges 5.23% Pre-Market as RavenVolt Contingent Consideration Adjustment Weighs on Q4 Results

Stock Track12-18 22:30

ABM Industries Inc (ABM) plunged 5.23% in pre-market trading on Wednesday after the company reported a net loss of $11.7 million for fiscal Q4 2024, compared to a net income of $62.8 million in the prior year period. However, adjusted net income was $57.5 million, down 13% year-over-year.

The net loss was primarily attributable to a $59.7 million fair value adjustment to increase the contingent consideration related to ABM's acquisition of RavenVolt. The adjustment reflects RavenVolt's strong performance and outlook, leading to higher estimated cash payouts under the original earn-out provision.

Revenue for the quarter grew 4% year-over-year to $2.2 billion, driven by robust growth of 35% in the Technical Solutions segment and 11% in Aviation, offsetting softness in other segments. ABM repurchased $32 million worth of shares during the quarter. For fiscal 2025, the company expects adjusted EPS of $3.60 to $3.80 and adjusted EBITDA margin of 6.3% to 6.5%, reflecting anticipated revenue, margin, and earnings growth.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1140078274?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-18 22:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1140078274","market":"us","top_or_hot":-1,"title":"Stock Track | ABM Industries Plunges 5.23% Pre-Market as RavenVolt Contingent Consideration Adjustment Weighs on Q4 Results","media":"Stock Track","content":"<p>\nABM Industries Inc (ABM) plunged 5.23% in pre-market trading on Wednesday after the company reported a net loss of $11.7 million for fiscal Q4 2024, compared to a net income of $62.8 million in the prior year period. However, adjusted net income was $57.5 million, down 13% year-over-year.\n</p>\n\n<p>\nThe net loss was primarily attributable to a $59.7 million fair value adjustment to increase the contingent consideration related to ABM's acquisition of RavenVolt. The adjustment reflects RavenVolt's strong performance and outlook, leading to higher estimated cash payouts under the original earn-out provision.\n</p>\n\n<p>\nRevenue for the quarter grew 4% year-over-year to $2.2 billion, driven by robust growth of 35% in the Technical Solutions segment and 11% in Aviation, offsetting softness in other segments. ABM repurchased $32 million worth of shares during the quarter. For fiscal 2025, the company expects adjusted EPS of $3.60 to $3.80 and adjusted EBITDA margin of 6.3% to 6.5%, reflecting anticipated revenue, margin, and earnings growth.\n</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | ABM Industries Plunges 5.23% Pre-Market as RavenVolt Contingent Consideration Adjustment Weighs on Q4 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | ABM Industries Plunges 5.23% Pre-Market as RavenVolt Contingent Consideration Adjustment Weighs on Q4 Results\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-18 22:30 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ABM Industries Inc (ABM) plunged 5.23% in pre-market trading on Wednesday after the company reported a net loss of $11.7 million for fiscal Q4 2024, compared to a net income of $62.8 million in the ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ABM","symbol_name":"反导工业公司","start_time":0,"source_url":"","article_id":"1140078274","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140078274","pubTimestamp":1734532234,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"ABM Industries Inc  plunged 5.23% in pre-market trading on Wednesday after the company reported a net loss of $11.7 million for fiscal Q4 2024, compared to a net income of $62.8 million in the prior year period. However, adjusted net income was $57.5 million, down 13% year-over-year.The net loss was primarily attributable to a $59.7 million fair value adjustment to increase the contingent consideration related to ABM's acquisition of RavenVolt. The adjustment reflects RavenVolt's strong performa","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ABM":"反导工业公司"},"translate_title":"由于RavenVolt或有对价调整影响第四季度业绩，ABM Industries盘前暴跌5.23%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABM":1},"content_text":"ABM Industries Inc (ABM) plunged 5.23% in pre-market trading on Wednesday after the company reported a net loss of $11.7 million for fiscal Q4 2024, compared to a net income of $62.8 million in the prior year period. However, adjusted net income was $57.5 million, down 13% year-over-year.\n\n\nThe net loss was primarily attributable to a $59.7 million fair value adjustment to increase the contingent consideration related to ABM's acquisition of RavenVolt. The adjustment reflects RavenVolt's strong performance and outlook, leading to higher estimated cash payouts under the original earn-out provision.\n\n\nRevenue for the quarter grew 4% year-over-year to $2.2 billion, driven by robust growth of 35% in the Technical Solutions segment and 11% in Aviation, offsetting softness in other segments. ABM repurchased $32 million worth of shares during the quarter. For fiscal 2025, the company expects adjusted EPS of $3.60 to $3.80 and adjusted EBITDA margin of 6.3% to 6.5%, reflecting anticipated revenue, margin, and earnings growth.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140078274"}