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	<title>Stock Blog Hub &#187; ABM</title>
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		<title>(ABM) ABM Industries Upgraded to Neutral</title>
		<link>http://www.stockbloghub.com/2011/06/21/abm-abm-industries-upgraded-to-neutral/76994</link>
		<comments>http://www.stockbloghub.com/2011/06/21/abm-abm-industries-upgraded-to-neutral/76994#comments</comments>
		<pubDate>Wed, 22 Jun 2011 00:30:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Business Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[ABM]]></category>
		<category><![CDATA[Abm Industries Inc]]></category>

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		<description><![CDATA[ABM Industries Inc. (ABM) reported fiscal second-quarter EPS of 28 cents, up 22% year over year and net sales of $1.06 billion that grew 24% over the prior year. This marked the reversal of eight straight quarters of negative organic growth. The encouraging results buttressed with the Linc Group acquisition prompted us to revisit our recommendation, upgrading ABM Industry Inc. from Underperform to Neutral. The stock currently retains a Zacks #3 Rank (short-term Hold recommendation). ABM Industries was hit hard by the recession and the company had been suffering from negative organic growth for eight quarters in a row. Organic revenue finally inched up 1% year over year in the second quarter of 2011, up from breakeven in the first quarter. Management anticipates mid single-digit organic revenue growth in the ]]></description>
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		<title>(ABM) ABM Industries Lags Earnings Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2010/03/04/abm-abm-industries-lags-earnings-consensus-estimates/29726</link>
		<comments>http://www.stockbloghub.com/2010/03/04/abm-abm-industries-lags-earnings-consensus-estimates/29726#comments</comments>
		<pubDate>Thu, 04 Mar 2010 16:34:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Business Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[ABM]]></category>
		<category><![CDATA[Abm Industries Inc]]></category>

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		<description><![CDATA[ABM Industries Inc. (ABM) recently reported fiscal first-quarter earnings of 27 cents per share, which is below the Zacks Consensus Estimate of 32 cents, but higher than the prior year earnings of 25 cents per share. Despite lower year-over-year revenues in three of four segments, ABM managed to post higher profits in the quarter through aggressive cost control measures. Total revenue in the quarter declined 2.0% year-over-year to $869.9 million. The company’s sales are directly dependent on commercial real estate occupancy levels. The economic slowdown has resulted in declining commercial office building occupancy and rental rates, which in turn has resulted in lower revenue for ABM. The company witnessed revenue declines in three of four segments. Janitorial segment’s revenue dropped 4.0%, while Parking and Security segments posted revenue declines of 2.7% and ]]></description>
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		<title>(ABM) ABM Industries Renames Landscape Branches</title>
		<link>http://www.stockbloghub.com/2009/10/08/abm-abm-industries-renames-landscape-branches/17176</link>
		<comments>http://www.stockbloghub.com/2009/10/08/abm-abm-industries-renames-landscape-branches/17176#comments</comments>
		<pubDate>Thu, 08 Oct 2009 20:27:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Business Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[ABM]]></category>
		<category><![CDATA[Abm Industries Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17176</guid>
		<description><![CDATA[ABM Industries Inc. (ABM) announced that Charlotte, N.C., and Tempe, Arizona branches of ABM Landscape Services will be renamed OneSource Landscape &#38; Golf Services, Inc., effective November 1. The company said that both the branches will continue to provide a range of commercial landscape management and maintenance service to municipalities, sports organizations, resorts, theme parks and other clients. ABM acquired OneSource Services Inc. (primarily a Janitorial Landscape company) in November 2007. Management stated that with the company’s organic growth struggling to grow above 4% and takeover prices much cheaper than in August 2007, it had decided to increase growth through acquisitions. The Janitorial segment’s FY08 sales grew by a robust 53.7% to $2,492.3 million due to the $817.5 million contribution from the OneSource acquisition. Excluding the impact of OneSource, the ]]></description>
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		<title>(ABM) ABM Industries Beats Estimates</title>
		<link>http://www.stockbloghub.com/2009/09/03/abm-abm-industries-beats-estimates/14323</link>
		<comments>http://www.stockbloghub.com/2009/09/03/abm-abm-industries-beats-estimates/14323#comments</comments>
		<pubDate>Thu, 03 Sep 2009 21:26:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Business Services]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[ABM]]></category>
		<category><![CDATA[Abm Industries Inc]]></category>

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		<description><![CDATA[ABM Industries (ABM) reported fiscal third quarter earnings of 36 cents per share, beating the Zacks Consensus Estimate of 34 cents per share and 16% higher that the prior year earnings of 31 cents per share. Despite lower year-over-year revenues in all the four segments, ABM managed to post higher profits in the quarter through stringent cost control measures. Total revenue in the quarter was down 5.7% at $870.6 million. The company’s sales are directly dependent on commercial real estate occupancy levels. The economic slowdown has resulted in declining commercial office building occupancy and rental rates, which in turn has reduced demand and created pricing pressures for building maintenance and other services provided by ABM. The Janitorial segment’s revenue dropped 6.8% in the quarter and 4.1% year-to-date due to reductions ]]></description>
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