Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q3 2010 Earnings Presentation
16 slides from Abm Industries's earnings presentation, Sep 1, 2010
Slide 1: Third Quarter Earnings Conference Call September 1, 2010
Third Quarter Earnings Conference Call September 1, 2010
Slide 2: Agenda
Agenda 1 Introduction of Call Participants 2 Third Quarter 2010 Highlights 3 Financial Review 4 Operating Results 5 Fiscal 2010 Annual Guidance
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains forw ard-looking statew ents that set forth management's anticipated results based on management's current plans and assumptions. Ia addition, the financial results reported im this release Continue 20 be subject 10 adjustment until filing of the
Slide 4: Statements Relating to Non-GAAP Financial Measures
Statements Relating to Non-GAAP Financial Measures During the course of this presentation, 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 a
Slide 5: Third Quarter 2010 Financial Highlights
Third Quarter 2010 Financial Highlights
Slide 6: Third Quarter 2010 Fiscal Highlights
Third Quarter 2010 Fiscal Highlights Met our expectations for the third quarterQ3 revenue flatAdjusted EBITDA up nearly 22% to $45.9 millionOne less day of labor expense accounted for $3.6 million SG&A expenses decrease over 15% due to cost controls and lower compensation costsFiscal 2009 Third Quar
Slide 7: Third Quarter Financial Results (unaudited)
Third Quarter Financial Results (unaudited)
Slide 8: Select Cash Flow Information (unaudited)
Select Cash Flow Information (unaudited)
Slide 9: Select Balance Sheet Information
Select Balance Sheet Information Days sales outstanding for third quarter were 48 days. Unchanged on a sequential basis and down two days on a year-over-year basis Insurance comparison Comparison of working capital and net trade receivables
Slide 10: Division Revenues Summary
Division Revenues1 SummaryRevenue flat year-over-year with lower than anticipated contribution from Janitorial segment but largest region by revenue - Northeast - achieved year over year increaseEngineering revenue up 14.2% year-over-year as division secures new customers and continues to build on m
Slide 11: Division Profits Summary
Division Profits1 SummaryJanitorial benefited from one less day of labor expense Engineering continues to benefit from growing revenues and an improved client mix Parking benefits from higher lease and allowance revenues and cost controlsSecurity profitability down from reduction in the level and sc
Slide 12: Fiscal 2010 Outlook
Fiscal 2010 Outlook Anticipate revenue improvement in fourth quarter Expect operating cash flow to remain strongOn track to leverage investments in infrastructure for 2011 savingsGuidance Fiscal Year 2010Full year income from continuing operations of $1.15 to $1.19 per diluted shareAdjusted income f
Slide 13: Appendix
Appendix
Slide 14: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Slide 15: 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 16: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures