Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q2 2010 Earnings Presentation
18 slides from Abm Industries's earnings presentation, Jun 3, 2010
Slide 1: Second Quarter Earnings Conference Call June 3, 2010
Second Quarter Earnings Conference Call June 3, 2010
Slide 2: Agenda
Agenda 1 Introduction of Call Participants 2 Second 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 forward-looking statements that set forth management's anticipated results based on management's current plans and assumptions. In addition, the financial results reported in this presentation continue to be subject to adjustment until filing of t
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," "Adjusted Income from Continuing Operations per Diluted Share" and "Free Cash Flow from contin
Slide 5: Second Quarter 2010 Financial Highlights
Second Quarter 2010 Financial Highlights
Slide 6: Second Quarter 2010 Fiscal Highlights
Second Quarter 2010 Fiscal Highlights Essentially met our expectations for the second quarter Revenue flat year-over-year as economic pressures continue to abate Year-over-year Adjusted Income from Continuing Operations per diluted share down 28% to $0.23 One additional day of labor expense accounte
Slide 7: Q2 Financial Results (unaudited)
Q2 Financial Results (unaudited)
Slide 8: Q2 Financial Results (unaudited)
Q2 Financial Results (unaudited)
Slide 9: Cash Flow Highlights (unaudited)
Cash Flow Highlights (unaudited)
Slide 10: Condensed Balance Sheet (unaudited)
Condensed Balance Sheet (unaudited)
Slide 11: Division Revenues Summary
Division Revenues1 Summary Revenue flat year-over-year with lower than anticipated contribution from janitorial segment All segments reporting improved sales pipeline and activity Engineering revenue up 22.8% year-over-year as division secures new clients and continues to build on momentum Parking e
Slide 12: Division Profits Summary
Division Profits1 Summary Second quarter profit impacted from one additional day of labor expense and higher state unemployment expenses. Combined, the impact was approximately $6 million dollars Engineering achieves another quarter of double-digit growth Parking benefits from higher profit at airpo
Slide 13: Fiscal 2010 Outlook
Fiscal 2010 Outlook Continue to anticipate revenue improvement in second half of fiscal year Cost controls and operational efficiencies implemented in second quarter will benefit remainder of fiscal year Expect operating cash flow to remain strong On track to leverage investments in infrastructure f
Slide 14: Appendix
Appendix Industries | incorporated
Slide 15: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Slide 16: 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 17: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Slide 18: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures