San Francisco’s ABM Industries (ABM), a facility services contractor, reported net income for the third quarter of Fiscal 2007 Wednesday of $12 million, down from $17.3 million in the same quarter last year.
Sales and other income for this most recent quarter were $717.5 million, a 4.1 percent increase from $689.3 million last year.
The company attributes the decrease in net income to $12.8 million in self insurance reserve adjustments.
The company declared a fourth quarter dividend of $0.12 per common share.
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