ABM Industries Shares Slide After 1Q Adjusted Earnings Disappoint

Dow Jones03-10

By Amira McKee

Shares of ABM Industries fell after the company logged lower-than-expected first-quarter profit on a decline in segment income.

The stock slid 6.1% to $40.55 in Tuesday morning trading. The shares have retreated 21% in the past year.

ABM, which offers janitorial, facilities engineering and parking services, recorded a first-quarter net income of $38.8 million, or 64 cents a share, compared with $43.6 million, or 69 cents a share, a year earlier.

Adjusted earnings came in at 83 cents a share, missing the 87 cents a share that analysts polled by FactSet had expected.

The decline in net income reflects lower segment income, most notably in the technical solutions business, and higher interest and tax expense, ABM said.

Revenue rose 6.1% to $2.24 billion, ahead of the $2.19 billion that Wall Street had forecast, according to FactSet.

The top-line growth was led by the technical solutions and aviation businesses, which benefited from strong demand for datacenter-related services and healthy air travel trends, the company said.

ABM reiterated its outlook for adjusted earnings of $3.85 to $4.15 in 2026, while Wall Street is modeling for adjusted earnings of $3.99, according to FactSet. The company expects revenue growth of 4% to 5% in 2026. Analysts polled by FactSet are looking for full-year revenue of $9.15 billion, representing growth of around 4.7%.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

March 10, 2026 11:09 ET (15:09 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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/2618695481?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-10 23:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2618695481","market":"nz","top_or_hot":-1,"title":"ABM Industries Shares Slide After 1Q Adjusted Earnings Disappoint","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Amira McKee \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of ABM Industries fell after the company logged lower-than-expected first-quarter profit on a decline in segment income. \n</p>\n<p>\n  The stock slid 6.1% to $40.55 in Tuesday morning trading. The shares have retreated 21% in the past year. \n</p>\n<p>\n  ABM, which offers janitorial, facilities engineering and parking services, recorded a first-quarter net income of $38.8 million, or 64 cents a share, compared with $43.6 million, or 69 cents a share, a year earlier. \n</p>\n<p>\n  Adjusted earnings came in at 83 cents a share, missing the 87 cents a share that analysts polled by FactSet had expected. \n</p>\n<p>\n  The decline in net income reflects lower segment income, most notably in the technical solutions business, and higher interest and tax expense, ABM said. \n</p>\n<p>\n  Revenue rose 6.1% to $2.24 billion, ahead of the $2.19 billion that Wall Street had forecast, according to FactSet. \n</p>\n<p>\n  The top-line growth was led by the technical solutions and aviation businesses, which benefited  from strong demand for datacenter-related services and healthy air travel trends, the company said. \n</p>\n<p>\n  ABM reiterated its outlook for adjusted earnings of $3.85 to $4.15 in 2026, while Wall Street is modeling for adjusted earnings of $3.99, according to FactSet. The company expects revenue growth of 4% to 5% in 2026. Analysts polled by FactSet are looking for full-year revenue of $9.15 billion, representing growth of around 4.7%. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Amira McKee at amira.mckee@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2026 11:09 ET (15:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>ABM Industries Shares Slide After 1Q Adjusted Earnings Disappoint</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\">\nABM Industries Shares Slide After 1Q Adjusted Earnings Disappoint\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-10 23:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Amira McKee \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of ABM Industries fell after the company logged lower-than-expected first-quarter profit on a decline in segment income. \n</p>\n<p>\n  The stock slid 6.1% to $40.55 in Tuesday morning trading. The shares have retreated 21% in the past year. \n</p>\n<p>\n  ABM, which offers janitorial, facilities engineering and parking services, recorded a first-quarter net income of $38.8 million, or 64 cents a share, compared with $43.6 million, or 69 cents a share, a year earlier. \n</p>\n<p>\n  Adjusted earnings came in at 83 cents a share, missing the 87 cents a share that analysts polled by FactSet had expected. \n</p>\n<p>\n  The decline in net income reflects lower segment income, most notably in the technical solutions business, and higher interest and tax expense, ABM said. \n</p>\n<p>\n  Revenue rose 6.1% to $2.24 billion, ahead of the $2.19 billion that Wall Street had forecast, according to FactSet. \n</p>\n<p>\n  The top-line growth was led by the technical solutions and aviation businesses, which benefited  from strong demand for datacenter-related services and healthy air travel trends, the company said. \n</p>\n<p>\n  ABM reiterated its outlook for adjusted earnings of $3.85 to $4.15 in 2026, while Wall Street is modeling for adjusted earnings of $3.99, according to FactSet. The company expects revenue growth of 4% to 5% in 2026. Analysts polled by FactSet are looking for full-year revenue of $9.15 billion, representing growth of around 4.7%. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Amira McKee at amira.mckee@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2026 11:09 ET (15:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618695481","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618695481","pubTimestamp":1773155340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of ABM Industries fell after the company logged lower-than-expected first-quarter profit on a decline in segment income.The stock slid 6.1% to $40.55 in Tuesday morning trading. The shares have retreated 21% in the past year.ABM, which offers janitorial, facilities engineering and parking services, recorded a first-quarter net income of $38.8 million, or 64 cents a share, compared with $43.6 million, or 69 cents a share, a year earlier.Adjusted earnings came in at 83 cents a share, missing the 87 cents a share that analysts polled by FactSet had expected.The decline in net income reflects lower segment income, most notably in the technical solutions business, and higher interest and tax expense, ABM said.Revenue rose 6.1% to $2.24 billion, ahead of the $2.19 billion that Wall Street had forecast, according to FactSet.ABM reiterated its outlook for adjusted earnings of $3.85 to $4.15 in 2026, while Wall Street is modeling for adjusted earnings of $3.99, according to FactSet. The ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ABM":"反导工业公司"},"translate_title":"第一季度调整后盈利令人失望后，ABM Industries股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABM":1.5},"content_text":"By Amira McKee \n\n\n \n\n\n  Shares of ABM Industries fell after the company logged lower-than-expected first-quarter profit on a decline in segment income. \n\n\n  The stock slid 6.1% to $40.55 in Tuesday morning trading. The shares have retreated 21% in the past year. \n\n\n  ABM, which offers janitorial, facilities engineering and parking services, recorded a first-quarter net income of $38.8 million, or 64 cents a share, compared with $43.6 million, or 69 cents a share, a year earlier. \n\n\n  Adjusted earnings came in at 83 cents a share, missing the 87 cents a share that analysts polled by FactSet had expected. \n\n\n  The decline in net income reflects lower segment income, most notably in the technical solutions business, and higher interest and tax expense, ABM said. \n\n\n  Revenue rose 6.1% to $2.24 billion, ahead of the $2.19 billion that Wall Street had forecast, according to FactSet. \n\n\n  The top-line growth was led by the technical solutions and aviation businesses, which benefited  from strong demand for datacenter-related services and healthy air travel trends, the company said. \n\n\n  ABM reiterated its outlook for adjusted earnings of $3.85 to $4.15 in 2026, while Wall Street is modeling for adjusted earnings of $3.99, according to FactSet. The company expects revenue growth of 4% to 5% in 2026. Analysts polled by FactSet are looking for full-year revenue of $9.15 billion, representing growth of around 4.7%. \n\n\n \n\n\n  Write to Amira McKee at amira.mckee@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2026 11:09 ET (15:09 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","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/2618695481","isCrawlerRequest":true}