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ABM Industries ABM Goodwill Additions
Discontinued — last reported Q4 '22
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Where this comes from
Reported directly by ABM Industries in its filing.
Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.
The source filing: ABM Industries’s 10-K, filed December 21, 2022.
- Filed
- Dec 21, 2022, 10:12 AM EST
- Fiscal year
- FY2022
- Accession
- 0000771497-22-000028
| (in millions) | Business & Industry | Manufacturing & Distribution | Education | Aviation | Technical Solutions | Total |
|---|---|---|---|---|---|---|
| Balance at October 31, 2020 | $574.0 | $407.2 | $459.3 | $69.5 | $161.5 | $1,671.4 |
| Acquisition | 554.0 | — | — | — | — | — |
| Foreign currency translation | 1.8 | — | — | 0.4 | 1.2 | 3.4 |
| Balance at October 31, 2021 | $1,129.8 | $407.2 | $459.3 | $69.9 | $162.7 | $2,228.9 |
| Acquisitions (1) | 61.7 | — | — | — | 207.5 | 269.2 |
| Reallocation(2) | (95.0) | 95.0 | — | — | — | — |
| Foreign currency translation | (8.7) | — | — | (1.1) | (2.7) | (12.6) |
| Balance at October 31, 2022 | $1,087.9 | $502.2 | $459.3 | $68.7 | $367.4 | $2,485.6 |
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
FAQ
- What is ABM Industries's goodwill additions?
- ABM Industries (ABM) reported goodwill additions of $67.3M in Q3 2022.
- What does goodwill additions mean?
- Represents the value of goodwill recognized during the period as a result of business combinations and acquisitions. This metric indicates the company's inorganic growth strategy and the premium paid for acquired assets. It is a key indicator of capital allocation toward external expansion.
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