India, March 12 -- Facility management company ABM Industries, Inc. (ABM) reported on Friday that net income for the first quarter decreased to $43.6 million or $0.69 per share from $44.7 million or $0.70 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.87 per share, compared to $0.86 per share in the year-ago quarter.
Total revenue for the quarter grew 2.2 percent to $2.11 billion from $2.07 billion in the same quarter last year. Organic revenue growth was 1.6 percent.
On average, eight analysts polled expect the company to report earnings of $0.78 per share on net sales of $2.09 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2025, the...