Filing Flows › ABM Industries (ABM) › Q4 FY24
ABM Industries (ABM) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 19, 2024
ABM Industries (ABM) reported revenue of $2.2B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +4% from the quarter before. Operating margin was 0.9%, net loss $11.7M (0.5% of revenue).
ABM Industries, Q4 FY24: revenue $2.2B (+4% year over year), operating margin 0.9%, net loss $11.7M, operating cash flow $30.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +4% | +4% |
| Operating profit | $19.2M | — | — |
| Net earnings | −$11.7M | — | — |
| Operating cash flow | $30.4M | -62% | -78% |
| Free cash flow | $15.6M | -76% | -87% |
What changed
Revenue was $2.2B in Q4 FY24, up 4% year over year and up 4% from the previous quarter. Janitorial was the largest line at 60% of revenue.
Operating profit was $0.02B, a 0.9% margin (down 4.2 points year over year). Operating profit fell $0.09B even though revenue rose $0.08B versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 4%. The fastest-growing cost line was SG&A (+48%). The quarter ended with a net loss of $0.01B, after a profit of $4.7M the previous quarter. Net interest and other expense of $0.02B was the main reason.
Operating cash flow was $0.03B (down 78% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $0.01B left free cash flow of $0.02B.
Questions
What was ABM Industries' revenue in the fourth quarter fiscal 2024?
ABM Industries (ABM) reported revenue of $2.2B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +4% from the quarter before.
Was ABM Industries profitable in the fourth quarter fiscal 2024?
Operating profit was $19.2M (0.9% of revenue) and net loss $11.7M.
Source: ABM Industries 10-K on SEC EDGAR.