ABM Industries Announces Second Quarter Financial Results; Company Achieves Record Quarterly Revenues.

Business WireJune 08, 2004

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ABM Industries Announces Second Quarter Financial Results; Company Achieves Record Quarterly Revenues.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--June 8, 2004

ABM Industries Incorporated (NYSE:ABM), today reported net income for the second quarter of fiscal 2004 of $6.8 million ($0.14 per diluted share) compared to $9.9 million ($0.20 per diluted share) for the prior year second quarter. Net income for the second quarter of fiscal 2003 includes $0.6 million ($0.02 per diluted share) after-tax income from the Elevator operations that were sold to Otis Elevator in the fourth quarter of 2003. Sales and other income for the second quarter of 2004 were $590.3 million, up 4.9% from $562.5 million in the second quarter of fiscal 2003.

Net income for the second quarter includes two more days of labor expense on fixed-price Janitorial contracts compared t...

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