ABM Industries reports record revenues and earnings for the third quarter and first nine months of fiscal 1995.SAN FRANCISCO--(BUSINESS WIRE)--Sept. 12, 1995--ABM Industries Inc. (NYSE NYSE See: New York Stock Exchange :ABM ABM: see guided missile. ABM - Asynchronous Balanced Mode ) Tuesday reported all-time high third quarter and nine month revenues, net income and earnings per share for the periods ended July 31, 1995. Revenues for the third quarter increased by 9% to $245,792,000 from $224,965,000 for the like period last year. Net income for the third quarter was $5,010,000 compared to $4,146,000, or an increase of 21% over the like period last year. Earnings per share for the quarter were 51 cents, up 13% compared to 45 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. in the prior year. Revenues for the nine months of fiscal 1995 were $712,250,000, a 9% increase over $651,676,000 in 1994. Net income for the nine months ended July 31, 1995, was $12,340,000, a 20% increase compared to net income of $10,291,000 for the like nine month period of 1994. Earnings per share increased 13% to $1.26, up from $1.12 for the comparable period of the prior year. With more than 45,000 employees and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of $950 million, ABM is the largest American-owned building services contractor listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . ABM provides air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , elevator, engineering, janitorial, lighting, parking and security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the to thousands of commercial, industrial and institutional facilities in hundreds of cities across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. -0-
ABM Industries Inc.
Three Months Ended July 31:
(Unaudited)
1995 1994 Increase
Revenues $245,792,000 $224,965,000 9% Income before Income Taxes $8,638,000 $6,599,000 31% Net Income $5,010,000 $4,146,000 21% Net Income per Common and Common Equivalent Share $.51 $.45 13% Common and Common Equivalent Shares 9,627,000 8,942,000 8%
Nine Months Ended July 31:
Revenues $712,250,000 $651,676,000 9% Income before Income Taxes $21,276,000 $17,194,000 24% Net Income $12,340,000 $10,291,000 20% Net Income per Common and Common Equivalent Share $1.26 $1.12 13% Common and Common Equivalent Shares 9,497,000 8,872,000 7% CONTACT: ABM Industries Inc., San Francisco Ellie Walsh, 415/597-4500 |
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