ABM Industries: The Recent Pullback Could Be A Good Entry Point For A Long Position [Seeking Alpha]
ABM Industries Incorporated (ABM)
Last abm industries incorporated earnings: 3/4 04:15 pm
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US:NYSE Investor Relations:
investor.abm.com/investor-relations
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Source: Seeking Alpha
Play 11min Summary The recent 10% share price drop following Q3 earnings presents a potential buying opportunity due to solid fundamentals and nonrecurring headwinds. Net income dropped 95% YoY, mainly due to a $73.2M adjustment related to the RavenVolt acquisition and the absence of a $22.4M employee retention credit. Despite insider selling, I remain positive about ABM's fundamentals, with positive free cash flows and double-digit growth in the Technical Solutions and Aviation segments. Insider selling and the lack of recent buybacks raise some concerns, but I believe the current pullback presents a decent buying opportunity. Sam Robinson/DigitalVision via Getty Images ABM Industries Incorporated ( NYSE: ABM ) has been in a pullback since the release of Q3 FY 2024 earnings. The share price dropped close to 10% since the earnings release day. Investors are now wondering if the new share price could be a favorable entry point for a long position in this stock. There
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ABM
News
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- ABM enters into partnership with Mainspring Energy [Seeking Alpha]Seeking Alpha
ABM
Earnings
- 9/6/24 - Beat
ABM
Sec Filings
- 11/8/24 - Form SC
- 10/18/24 - Form SC
- 10/17/24 - Form 8-K
- ABM's page on the SEC website