ABM Industries(ABM) - 2024 Q3 - Quarterly Results

Exhibit 99.1 ABM REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND RAISES OUTLOOK FOR FISCAL YEAR 2024 ADJUSTED EPS • Revenue up 3.3% to $2.1 billion, including organic growth of 2.8% • Net income of $4.7 million and GAAP EPS of $0.07, each down 95%, largely reflecting the increased likelihood of a cash earn-out payment under the Ravenvolt acquisition agreement • Adjusted net income of $59.5 million and Adjusted EPS of $0.94, up 13% and 19%, respectively • Adjusted EBITDA of $128.1 million, up 2% • Raises outlo ...