ABM Industries Inc.'s (ABM) fiscal first-quarter profit rose 27% as revenue from the acquisition of the former Linc Group masked relatively flat core earnings.

The latest profit increase builds on improved results seen earlier in the year. ABM, which provides janitorial, engineering, parking and security services for thousands of commercial, institutional and retail facilities in the U.S. and Canada, has mostly grown its bottom line, though its fourth-quarter profit slipped amid higher labor costs.

The latest results benefited from what was formerly called the Linc Group, which added to ABM's business in the growing energy sector.

More at source: Wall Street Journal