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0 0.000288850375505431 0.000288850375505431 0.00115540150202193 0.00115540150202193 -0.000577700751011067 -0.00404390525707685 -0.00317735413056035
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ABM Industries Can Still Grind Higher [Seeking Alpha]

ABM Industries, Inc (ABM)  More Company Research Source: Seeking Alpha
Last abm industries, inc earnings: 9/6 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.abm.com/investor-relations
PDF Summary ABM Industries ( ABM ) stock went from $44 in December to $28 by late May - due almost solely to concerns about the impact of rising labor costs on the company's thin margins. A five-year plan, named Vision 2020, was supposed to organically move the services provider's EBITDA margins from 4% to 5%. Last year's acquisition of GCA Services added to those efforts. But starting with disappointing guidance following fiscal Q4 results back in December, investors clearly have been worried that a tight labor market will offset most, if not all, of the benefits of the organic and inorganic improvements. The concerns admittedly are reasonable. ABM had to cut full-year EPS guidance after Q2, and has cited ~60 bps of incremental EBITDA margin pressure from higher labor costs. But with the stock at $30 in June, I argued the sell-off had gone too far , and saw a path for a nice bounce to $35. With some help from Q3 results this month, that story has played out: sour [Read more]

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