| Address:
|
551 FIFTH AVENUE
SUITE 300 |
| City: |
NEW YORK |
|
State: |
NY |
|
Zip Code: |
10176 |
| Telephone: |
212 297-0200 |
|
Description of Business
|
Primary SIC Code:
7340 |
| (As filed with the SEC)
|
|
|
ABM Industries Incorporated ("ABM") is a leading facility services contractor in
the United States. With 2007 revenues in excess of $2.8 billion, ABM and its
subsidiaries (the "Company" or "we") provide janitorial, parking, security,
engineering and lighting services for thousands of commercial, industrial,
institutional and retail facilities in hundreds of cities throughout the United
States and in British Columbia, Canada. ABM was reincorporated in Delaware on
March 19, 1985, as the successor to a business founded in California in 1909.
On November 14, 2007, ABM acquired OneSource Services, Inc. ("OneSource"), a
company formed under the laws of Belize with US operations headquartered in
Atlanta, Georgia. The consideration was $365.0 million, which was paid by a
combination of cash on hand and borrowings under the Company's line of credit. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 01/2010 | 1.02 | 0.135 | 19.04 | | 10/2009 | 1.07 | 0.130 | 17.55 | | 07/2009 | 1.07 | 0.130 | 19.69 | | 04/2009 | 1.15 | 0.130 | 15.23 | | 01/2009 | 1.19 | 0.130 | 12.48 | | 10/2008 | 1.03 | 0.125 | 15.85 | | 07/2008 | 1.07 | 0.125 | 22.36 | | 04/2008 | 0.87 | 0.125 | 24.07 |
Key Financial Ratios and Statistics |
FYE:
10/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.31 | Total Liab/Total Assets | 0.55 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.71 | | Net Inc/Inv Cap | 0.05 | Total Liab/Comm Equity | 4.71 | | Pretax Inc/Net Sales | 0.02 | Interest Coverage Ratio | 15.40 | | Net Inc/Net Sales | 0.02 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.04 | LTD/Equity | 0.25 | | SG&A/NetSales | 0.08 | Total Debt/Equity | 0.25 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.53 | Quick Ratio | 1.81 | | Inventory Turnover | 9672.98 | Current Ratio | 1.81 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.84 | | Net Sales/Work Cap | 12.51 | Inv/Curr Assets | NA | | Net Sales/PP&E | 61.20 | | |
Income Statement (Millions) |
| |
1/31/2010
|
10/31/2009
|
7/31/2009
|
4/30/2009
|
|
Total Revenues(Net Sales)
|
869.88
|
868.01
|
870.64
|
855.71
|
|
Cost of Goods Sold
|
782.10
|
778.83
|
782.45
|
766.15
|
|
Selling & Admin Exps
|
62.80
|
63.25
|
64.74
|
64.27
|
|
Operating Income
|
22.21
|
23.00
|
20.50
|
22.62
|
|
Interest Exp
|
1.22
|
1.43
|
1.47
|
1.31
|
|
Pretax Income
|
20.99
|
21.57
|
17.46
|
21.31
|
|
Other Income
|
NA
|
1.57
|
-1.57
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
12.78
|
15.02
|
12.28
|
12.78
|
|
Assets
|
1/31/2010
|
10/31/2009
|
7/31/2009
|
4/30/2009
|
|
Cash & Short Term Investments
|
21.18
|
34.15
|
23.57
|
NA
|
|
Receivables - Total
|
549.12
|
523.80
|
530.75
|
522.06
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
631.32
|
621.00
|
645.24
|
611.94
|
|
Net Property, Plant & Equipment
|
57.56
|
56.89
|
59.44
|
59.63
|
|
Total Assets
|
1,524.20
|
1,521.15
|
1,561.26
|
1,521.18
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
334.34
|
341.63
|
367.20
|
339.32
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
335.51
|
342.69
|
379.51
|
351.65
|
|
Long-Term Debt
|
172.00
|
172.50
|
196.00
|
182.00
|
|
Total Liabilities
|
828.09
|
834.10
|
886.65
|
857.46
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
NA
|
NA
|
|
Common Stock
|
0.52
|
0.52
|
0.52
|
0.51
|
|
Retained Earnings
|
518.13
|
512.48
|
504.18
|
498.72
|
|
Treasury Stock
|
NA
|
0.00
|
NA
|
NA
|
|
Total Stockholders' Equity
|
696.12
|
687.05
|
674.62
|
663.72
|
|
Total Liabilities and Stockholders' Equity
|
1,524.20
|
1,521.15
|
1,561.26
|
1,521.18
|
Cash Flow Summary (Millions) |
|
Categories
|
1/31/2010
|
10/31/2009
|
7/31/2009
|
4/30/2009
|
|
Net Cash Provided by Operating Activities
|
-8.91
|
64.41
|
9.26
|
41.12
|
|
Net Cash Provided by Investing Activities
|
-6.92
|
-5.17
|
-24.18
|
-2.47
|
|
Net Cash Provided by Financing Activities
|
2.86
|
-48.65
|
12.46
|
-36.77
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 10/2005 | 2,587.76 | 57.94 | 0.86 | | 10/2006 | 2,792.67 | 93.20 | 1.88 | | 10/2007 | 2,842.81 | 52.44 | 1.04 | | 10/2008 | 3,623.59 | 45.43 | 1.03 | | 10/2009 | 3,481.82 | 54.29 | 1.07 | | Growth Rates | 7.70 | -1.61 | 5.61 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 132 | 39,180 | 75.47 |
|
Report Date :
3/15/2010
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