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0 0.00169995750106244 -0.00254993625159366 0.00722481937951558 0.00403739906502333 -0.0108372290692732 -0.0206119847003825 -0.0329366765830854
Stock impact report

Why ABM (ABM) Stock Is Trading Lower Today [Yahoo! Finance]

ABM Industries Incorporated (ABM) 
Last abm industries incorporated earnings: 3/4 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.abm.com/investor-relations
Company Research Source: Yahoo! Finance
Shares of facility services provider ABM Industries (NYSE:ABM) fell 9.3% in the morning session after the company reported underwhelming fourth quarter 2024 results: Sales were roughly in line, but the company recorded a significant increase in cash burn. The key issue for the quarter was a sharp decline in free cash flow, which fell to negative $122.9 million due to temporary disruptions from the company's new enterprise resource planning (ERP) system. Management expects these issues to normalize later in the year. Looking ahead, the company raised the lower end of its full-year adjusted EPS guidance. Adjusted EBITDA margin guidance remained unchanged at 6.3% to 6.5%. Overall, this was a challenging quarter despite the improved guidance. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy ABM? Access our full analysis report here, it's free What The Market Is Telling Us ABM's shares are no Show less Read more
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