ABM Industries Stumbles Despite Q4 Earnings Beat - What's Going On?
ABM Industries Stumbles Despite Q4 Earnings Beat - What's Going On?
Adjusted EBITDA fell 11% to $128.0 million, with the margin stood at 6.1% vs. 7.2% a year ago quarter. Adjusted EPS of $0.90, down 11% Y/Y, beating the consensus of $0.87.ABM Industries Inc. (NYSE:ABM) shares are trading lower after the company reported fourth-quarter FY24 earnings.
反導工業公司（紐交所：ABM）的股票在公司公佈2024財年第四季度收益後出現下跌。
Sales grew 4.0% year over year to $2.18 billion, beating the consensus of $2.079 billion. Revenue growth was driven by Technical Solutions (+35% Y/Y) and Aviation (+11%), with Education revenue being flat Y/Y.
銷售額同比增長4.0%，達到21.8億元，超出市場預期的20.79億元。營業收入的增長主要由技術解決方案（同比增長35%）和航空（同比增長11%）驅動，教育業務的收入同比持平。
Operating expenses increased 5.4% to $1.91 billion, and operating profit declined 81.9% to $19.2 million in the quarter.
營業費用增加5.4%，達到19.1億元，營業利潤在本季度下降81.9%，降至1920萬元。
Adjusted EBITDA fell 11% to $128.0 million, with the margin stood at 6.1% vs. 7.2% a year ago quarter. Adjusted EPS of $0.90, down 11% Y/Y, beating the consensus of $0.87.
調整後的EBITDA下降11%，降至12800萬元，利潤率爲6.1%，而一年前的季度爲7.2%。調整後的每股收益爲0.90美元，同比下降11%，超出市場預期的0.87美元。
Operating cash flow for the quarter totaled $30.3 million, down from $139.1 million a year ago. As of October-end, ABM held cash and equivalents of $64.6 million.
本季度的經營現金流總額爲3030萬元，低於去年同期的13910萬元。截至10月底，反導工業持有現金及現金等價物6460萬元。
ABM declared a cash dividend of $0.265 per common share, payable on February 3, 2025, to shareholders of record on January 2, 2025. As previously announced, the dividend represents a 17.8% increase over the prior quarterly cash dividend.
反導工業宣佈每普通股派發現金股息0.265美元，定於2025年2月3日支付給截至2025年1月2日的股東。正如此前所宣佈的，股息較上個季度現金股息增加17.8%。
Scott Salmirs, President & Chief Executive Officer, said, "The significant growth of our microgrid service line and the market gains we made in Aviation were critical to overcoming challenges in other parts of the business. These results support our diversification strategy."
總裁兼首席執行官斯科特·薩米爾斯表示：「我們微電網服務線的顯著增長以及航空市場的進展對於克服業務其他部分的挑戰至關重要。這些結果支持我們的多元化策略。」
"While it is still early and the macro environment is unclear following the recent election, recent data points suggest our key commercial real estate markets are nearing an inflection to growth. Additionally, other parts of our business are continuing to experience generally healthy market conditions."
雖然現在仍然很早，而且在最近的選舉後宏觀環境不明朗，但最近的數據點表明，我們關鍵的商業房地產業市場接近增長的轉折點。此外，我們業務的其他部分仍然在繼續經歷總體健康的市場條件。
2025 Outlook: ABM expects FY25 adjusted EPS of $3.60 – $3.80 vs. consensus of $3.66 and adjusted EBITDA margin of 6.3%- 6.5%.
2025年展望：反導工業預計2025財年的每股收益爲3.60美元至3.80美元，市場預期爲3.66美元，調整後的息稅折舊攤銷前利潤率爲6.3%-6.5%。
The company expects revenue, margin, and earnings growth in 2025, citing the positive backdrop.
該公司預計2025年營業收入、利潤率和盈利增長，稱這是一個積極的背景。
Price Action: ABM shares are down 8.58% at $50.20 at the last check Wednesday.
價格走勢：反導工業的分享在上週三最後檢查時下跌了8.58%，價格爲50.20美元。
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譯文內容由第三人軟體翻譯。