Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q1 2014 Earnings Presentation
17 slides from Abm Industries's earnings presentation, Mar 4, 2014
Slide 1: ABM First Quarter 2014 Teleconference
ABM First Quarter 2014 Teleconference
Slide 2: Agenda
Agenda 2 1 Introduction & Overview | Henrik Slipsager, CEO 2 First Quarter 2014 Review of Financial Results | Jim Lusk, CFO 3 4 Fiscal 2014 Outlook | Henrik Slipsager, CEO Forward-Looking Statements and Non-GAAP Financial Information: Our discussions during this conference call will include forward-
Slide 3: First Quarter 2014 Review of Financial Results
First Quarter 2014 Review of Financial Results
Slide 4: Fiscal Q1 2014 Overview
Fiscal Q1 2014 Overview 4 Achieved record revenue for the first quarter of $1.23 billion, up 3.8% Organic growth rates: Janitorial 4.6%; Building & Energy Solutions 13.6%1; and Security 3.2% Operating profit before-taxes of $23.9 million; adjusted operating profit before-taxes of $25.6 million, up 1
Slide 5: First Quarter Results Synthesis - Key Financial Metrics
First Quarter Results Synthesis - Key Financial Metrics 5 Net Income Net Income of $13.1 million, or $0.23 per diluted share down 2.2% compared to $13.4 million in fiscal 2013. The decrease is primarily from lower employment based tax credits of $0.06 per diluted share partially offset by profits as
Slide 6: Select Balance Sheet Items
Select Balance Sheet Items Cash Flow from Operating Activities (in millions) Days sales outstanding (DSO) for the first quarter were 56 days DSO up 4 days both year- over-year and sequentially 6 Insurance Claims - Balance Sheet & Claims Paid Data (in thousands) (CHART)
Slide 7: Select Balance Sheet Items - Continued
Select Balance Sheet Items - Continued 7 Line of Credit OneSource Linc Air Serv/HHA In Millions Dividends Paid (Fiscal Year Basis) Per Share (CHART) (CHART)
Slide 8: Q1 2014 Results Synthesis - Revenues
Q1 2014 Results Synthesis - Revenues Revenues of $637.1 million, up organically $27.9 million or 4.6% compared to 2013 Q1 Tag business flat Y-o-Y as discretionary spend essentially offset revenue from Hurricane Sandy in Q1 2013 Consolidated revenues up 3.8% at $1.23 billion - A Q1 Record Janitorial
Slide 9: Q1 2014 Results Synthesis - Operating Profits
Q1 2014 Results Synthesis - Operating Profits1 Janitorial operating profit of $29.1 million, decreased $0.3 million or (1.0)% due to higher costs from one significant job and the positive profit impact from tag work associated with Hurricane Sandy in the first quarter of fiscal 2013. Operating profi
Slide 10: Q1 2014 Business & Sales Highlights
Q1 2014 Business & Sales Highlights Organizational realignment continues on schedule and is generating savings in-line with expectations for the Onsite businesses. Air Serv awarded contract to perform shuttle transportation services at one of the major airports in the United Kingdom. We expect the j
Slide 11: Outlook
Outlook
Slide 12: Fiscal 2014 Outlook
Fiscal 2014 Outlook Based on the Company's operational results for the first quarter and its current expectations, the Company is providing guidance for: Net income of $1.38 to $1.48 per diluted share Adjusted net income of $1.58 to $1.68 per diluted share Depreciation and amortization expense is ex
Slide 13: Forward-Looking Statement
Forward-Looking Statement 13
Slide 14: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Slide 15: Unaudited Reconciliation of non-GAAP Financial Measures
15 Unaudited Reconciliation of non-GAAP Financial Measures
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
16 Unaudited Reconciliation of non-GAAP Financial Measures
Slide 17: Unaudited Reconciliation of non-GAAP Financial Measures
17 Unaudited Reconciliation of non-GAAP Financial Measures