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Facilities Services Industry Update Summer 2024

Read more about M&A activity and trends in this sector

Facilities Services Industry Update Summer 2024

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Latest Facility Management Services M&A Sentiment

Select Commentary from Recent Earnings Releases

 

CompanyEarnings DateM&A SentimentManagement M&A Commentary
Aramark*
August 6
Active
  • Management plans to grow the company’s GPO business, both domestically and internationally, through organic growth as well as selective M&A opportunities
Comfort Systems USA
July 26
Opportunistic
  • Management remains selective in pursuing near-term acquisition opportunities
EMCOR Group
July 25

Active

  • The company continues to actively pursue strategic M&A initiatives to drive long-term growth
UniFirst*
June 26
Opportunistic
  • The company remains opportunistic in terms of pursuing near-term M&A
ABM Industries
June 6

Opportunistic

  • Management continues to pursue growth opportunities through selective M&A, though organic initiatives remain a priority

Facility Management Services Index Stock Performance

Recently reported Facility Management Services businesses experienced mixed performance on an earnings per share (EPS) and revenue basis
Facility Management ServicesConsensus EstimateActual Results% Difference
EPS(1)RevenueEPS(1)RevenueEPS(1)Revenue

Aramark*

$0.30

$4,312

$0.31

$4,376

3.3%

1.5%

EMCOR Group

$3.68

$3,530

$5.25

$3,667

42.7%

3.9%

ABM Industries

$0.79

$1,999

$0.62

$2,018

(21.5%)

1.0%

Comfort Systems USA

$3.19

$1,693

$3.74

$1,810

17.2%

6.9%

UniFirst*

$1.86

$601

$2.20

$603

18.3%

0.3%

Footnotes:

Source: Market statistics sourced from Capital IQ and based on 7/31/2024. All figures in USD and in millions (except share price data), where applicable, converted at rates as of 7/31/2024
(1)Normalized EPS that excludes the effects of exceptional items to standardize the metric across the peer group
(2)Select Facility Management Services companies include those defined in the table above
*: Aramark and UniFirst reported Q3 2024 Earnings.

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Facilities Services Industry Update Summer 2024

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