ABM Industries Inc. (NYSE:ABM) stock rose Wednesday after the company reported fourth-quarter results and disclosed an acquisition deal.

The company reported revenue of $2.30 billion, up 5.4% year over year (Y/Y), beating the consensus of $2.28 billion.

Adjusted net income was $54.7 million, or 88 cents per diluted share, which missed the consensus of $1.09.

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Adjusted EBITDA totaled $124.2 million with a margin of 5.6%, down from $125.6 million and 6.0% in the prior year.

This was negatively impacted by a $(22.2) million pre-tax adjustment related to prior-year self-insurance, which reduced the adjusted EBITDA margin by about 100 basis points.

Operating cash flow stood at $133.4 million, and free cash flow was $112.7 million.

Cash and cash equivalents ended the quarter at $104.1 million, while total indebtedness was $1.6 billion.

Scott Salmirs, President and Chief Executive Officer, ...