Originally published at www.seclive.com
ABM Industries Incorporated (NYSE:ABM) reported double-digit improvements in its announcement of third quarter fiscal 2013 revenue and earnings. Third quarter revenue increased 13% from $1.08B to $1.20B, thanks to $105.7M gained from acquisitions. Earnings for the quarter increased 28% from $12.6M, or $0.23 per share, to $16.1M, or $0.29 per share. ABM experienced strong growth in its janitorial, security, and facility-services segments, and increased its annual guidance by lifting the low end of its projection $0.05. The company now projects earnings between $1.45 and $1.50 per share. CEO Henrik Slipsager commented that the company's bottom-line continues to improve, despite adverse economic conditions, and that its business segments continue to grow and strengthen.
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