ABM Industries scores "triple-double".SAN FRANCISCO--(BUSINESS WIRE)--March 12, 1996--ABM Industries Inc. (NYSE NYSE See: New York Stock Exchange : ABM ABM: see guided missile. ABM - Asynchronous Balanced Mode ) today reported record first quarter revenues, net income, and earnings per share for the three months ended Jan. 31, 1996. Revenues for the first quarter were $254,401,000, a 10 percent increase compared to $232,062,000 for the same period in 1995. Net income was $4,048,000, a 20 percent increase compared to $3,387,000 in the same period last year. Earnings per share increased by 14 percent to 40 cents for the first quarter compared to 35 cents a year earlier. ABM Industries ABM Industries Incorporated NYSE: ABM is an American corporation involved in outsourced, building maintenance. Divisions include ABM Janitorial, Ampco System Parking, ABM Engineering, American Commercial Security (ACSS), Security Services of America (SSA), Amtech Lighting, and Inc. is the largest American-owned facility 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. . With more than 45,000 employees, 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 communities across North America. -0-
ABM Industries Incorporated
(unaudited)
1995 1996 Increase
Three Months Ended Jan. 31:
Revenues $232,062,000 $254,401,000 10% Income before Income Taxes $ 5,840,000 $ 7,102,000 22% Net Income $ 3,387,000 $ 4,048,000 20% Earnings per Common and Common Equivalent Share $ .35 .40 14% Common and Common Equivalent Shares 9,403,000 9,898,000 5% -0- CONTACT: ABM Industries Incorporated William W. Steele, 415/597-4500 |
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