Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q1 2011 Earnings Presentation
14 slides from Abm Industries's earnings presentation, Mar 8, 2011
Slide 1: First Quarter 2011 Investor Conference Call
First Quarter 2011 Investor Conference Call March 8, 2011
Slide 2: Agenda
Agenda 1 Introduction of Participants | Cautionary Legal Statements 2 First Quarter 2011 Highlights 3 Review of Key Financial Metrics 4 First Quarter 2011 Operating Results 5 Fiscal 2011 Guidance Update
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements that set forth management's anticipated results based on management's current plans and assumptions. Any number of factors could cause the Company's actual results to differ materially from those anticipated. Factors tha
Slide 4: Statements Relating to Non-GAAP Financial Measures
Statements Relating to Non-GAAP Financial Measures During the course of these presentations, certain non- GAAP financial measures described as "Adjusted EBITDA," "Adjusted Income from Continuing Operations," and "Adjusted Income from Continuing Operations per Diluted Share" that were not prepared in
Slide 5: First Quarter 2011 Highlights
First Quarter 2011 Highlights Financial results slightly exceeded Company's budget for first quarter Revenue from recent acquisitions contributed to 18% year-over-year top-line growth and first ever fiscal quarter surpassing $1 billion in revenue Linc Group accretive, excluding transaction costs, sy
Slide 6: Results Synthesis - Key Financial Metrics
Results Synthesis - Key Financial Metrics Net Income Net Income of $8.4 million , down 34% as a result of transaction costs associated with the acquisition of The Linc Group, one additional day of labor expense, and higher interest and amortization expenses resulting from acquisitions completed in 2
Slide 7: Select Balance Sheet Information
Select Balance Sheet Information Days sales outstanding for first quarter were 50 days. Down 1 day on a year- over-year basis and up three days sequentially. Insurance comparison Comparison of working capital and net trade receivables (In thousands) (In thousands) (In thousands)
Slide 8: Q1 2011 Results Synthesis - Division Revenue
Q1 2011 Results Synthesis - Division Revenue1 Revenues of $1,028.9M were $127.8M and $159.3M better than Q4 2010 and Q1 2010, respectively. First time in Company's history quarterly revenue exceeds $1 billion Includes $156.1M contributed from Linc, L&R and Diversco acquisitions Janitorial revenues u
Slide 9: Q1 2011 Results Synthesis - Operating Profits
Q1 2011 Results Synthesis - Operating Profits1 Operating profit, excluding corporate, of $43.3 million was $2.1 million, or 4.6%, lower than Q1 2010. Operations impacted by one additional work day, higher SUI costs and snow removal costs, partly offset by profits from acquisitions Janitorial operati
Slide 10: Fiscal 2011 Outlook Summary - Q1 Update
Fiscal 2011 Outlook Summary - Q1 Update Reaffirming Guidance for Fiscal Year 2011 Net Income of $1.23 to $1.33 per diluted share Adjusted Income from Continuing Operations of $1.43 to $1.53 per diluted share Continue to anticipate gradual improvement in organic revenue Higher leverage ratio and borr
Slide 11: Appendix: Unaudited Reconciliation of non-GAAP Financial Measures
Appendix Unaudited Reconciliation of non-GAAP Financial Measures
Slide 12: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Slide 13: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands, except per share data)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands, except per share data)
Slide 14: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures