Investor Relations
Dec 22, 2024 5:13 AM EST
Updates Time of the Live Webcast of its Investor Day
The event will feature formal presentations by members of ABM's Executive Team, who will discuss the Company's business fundamentals, strategy, and financials. As part of the Investor Day, the Company is providing an estimate of the impact of the 2017 Tax Reform Act.
At this time, the Company
anticipates the impact on fiscal 2018 GAAP income from continuing operations per diluted share will be approximately
The Company expects to provide additional information relating to the impact of the 2017 Tax Reform Act on its fiscal 2018 guidance outlook in conjunction with its first quarter earnings release in
A live audio webcast of the Investor Day will be available to the public through the "Investors" section of the Company's website, located at www.abm.com.
An archived replay of the webcast, including the presentation, will be available shortly after the live event is completed.
ABOUT ABM
ABM (NYSE:ABM) is a leading provider of facility solutions with revenues of approximately
Cautionary Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements about
Use of Non-GAAP Financial Information
To supplement ABM's consolidated financial information, the Company has presented continuing earnings per diluted share on an adjusted basis as management uses such measure as a basis for planning and forecasting future periods. The presentation of this non-GAAP financial measure is not meant to be considered in isolation or as a substitute for financial statements prepared in accordance with accounting principles generally accepted in
Contact: | |
Investor & Media Relations: | |
(212) 297-9721 | |
susie.choi@abm.com |
ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES | |||||||||
2018 GUIDANCE (Excluding 2017 Tax Reform Act impact) | |||||||||
Year Ending | |||||||||
Reconciliation of Estimated Income from Continuing Operations per Diluted Share to Estimated Adjusted Income from Continuing Operations per Diluted Share | Low Estimate | High Estimate | |||||||
Income from continuing operations per diluted share (a) | $ | 1.33 | $ | 1.43 | |||||
Adjustments (b) | 0.37 | 0.37 | |||||||
Adjusted Income from continuing operations per diluted share (a) | $ | 1.70 | $ | 1.80 | |||||
2018 GUIDANCE (Including 2017 Tax Reform Act impact) | |||||||||
Year Ending | |||||||||
Reconciliation of Estimated Income from Continuing Operations per Diluted Share to Estimated Adjusted Income from Continuing Operations per Diluted Share | Low Estimate | High Estimate | |||||||
Previously announced Income from continuing operations per diluted share (a) | $ | 1.33 | $ | 1.43 | |||||
Impact from 2017 Tax Reform Act change in federal tax rate and one-time related items | 0.40 | 0.50 | |||||||
Revised Income from continuing operations per diluted share | 1.73 | 1.93 | |||||||
Adjustments (b) | 0.45 | 0.45 | |||||||
Deduct impact from 2017 Tax Reform Act one-time items | (0.20 | ) | (0.30 | ) | |||||
Adjusted Income from continuing operations per diluted share (a) | $ | 1.98 | $ | 2.08 | |||||
(a) With the exception of the 2018 Work Opportunity Tax Credits and ASU 2016-09, this guidance does not include any potential benefits associated with certain other discrete tax items and other unrecognized tax benefits. | |||||||||
(b) Adjustments include costs associated with the Company's strategic review and realignment, acquisition-related integration and transaction costs, legal settlements, adjustments to self-insurance reserves pertaining to prior year's claims and other unique items impacting comparability. |
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