ABM Industries

ABM Industries, Inc. engages in the provision of facility, infrastructure, and mobility solutions. It operates through the following segments: Business and Industry, Manufacturing and Distribution, Education, Aviation, and Technical Solutions. The Business and Industry segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities. It also provides vehicle maintenance services to rental car providers. The Manufacturing and Distribution segment provides integrated facility services, engineering, janitorial, and other specialized services in different types of manufacturing, distribution, and data center facilities. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. The Aviation segment supports airlines and airports with parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastructure, mechanical, and electrical services. The company was founded by Morris Rosenberg in 1909 and is headquartered in New York, NY.

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ABM Industries reports solid Q1 results amidst challenges and opportunities

ABM Industries demonstrated resilience and growth in Q1 2023, leveraging strengths in diverse demand environments and strategic initiatives like ELEVATE.
While facing challenges like labor shortages and supply chain issues, the company is actively managing risks and pursuing opportunities for expansion and margin improvement.
With a positive financial outlook, recognition for ESG efforts, and a focus on innovation and growth, ABM Industries remains well-positioned for future success and market leadership.

ABM Industries reports strong Q2 performance amidst growth opportunities

ABM Industries delivered a solid performance in Q2 2023, showcasing revenue growth and operational efficiency improvements.
While facing challenges such as office occupancy rates and supply chain issues, the company is well-positioned to capitalize on growth opportunities.
Strategic initiatives like the electrification center and focus on diversity and inclusion underscore ABM's commitment to innovation and sustainability.
With a stable portfolio and effective cost management, ABM is poised for continued growth and resilience in the evolving market landscape.

ABM Industries reports revenue growth but faces challenges in segments

ABM Industries' Q3 performance showed growth in key segments but faced challenges in certain areas. The company remains focused on cost management, new business wins, and enhancing shareholder returns amidst market pressures.

ABM Industries reports strong Q4 revenue growth and navigates challenges

ABM Industries delivered solid revenue growth in Q4 2023, set sales records, and outlined a promising outlook for 2024, focusing on efficiency enhancements and market diversification.
Despite challenges from commercial real estate softness and operational hurdles, ABM's strategic initiatives, workforce tools, and cost structure adjustments position it well for future growth and resilience.
With a commitment to capital allocation strategies, organic growth, and navigating market dynamics, ABM Industries aims to leverage growth opportunities in key sectors and drive shareholder value.

ABM Industries reports robust Q1 performance and eyes future growth

ABM Industries' Q1 2024 performance reflects strong revenue growth and operational stability across segments.
The company's focus on technology-driven solutions and pricing discipline positions it well for future growth.
Challenges in margin variability and EV business growth require strategic adjustments for sustained performance.
Opportunities lie in leveraging market demand, operational efficiencies, and long-term growth prospects in the EV market.

ABM Industries raises full-year guidance after strong Q2 performance

ABM Industries delivered strong Q2 results, raising full-year guidance and showcasing resilience in a challenging market. The company's strategic alignment with key trends, record new business wins, and focus on margin-enhancing investments highlight growth potential. While challenges in certain segments may impact cash flow, ABM remains confident in its ability to navigate market dynamics and capitalize on opportunities.

ABM Industries reports robust Q3 performance and raises full-year guidance

ABM Industries delivered a strong performance in Q3 2024, driven by growth in key segments and strategic acquisitions.
The company raised its full-year guidance, maintained a stable financial position, and expects strong cash flow generation.
While facing challenges in sustaining growth and managing debt, ABM sees opportunities in margin improvements and new business development.

ABM Industries reports strong Q4 performance and outlines growth strategies for 2025

ABM Industries delivered strong performance in Q4 2024, with notable revenue growth in key segments and strategic investments in AI to drive operational efficiency.
While facing challenges such as a net loss and slight decline in M&D, the company's focus on productivity tools and capital allocation decisions position it for future growth.
Opportunities lie in the outlook for 2025, with growth expectations across various segments, AI-driven operational enhancements, and strategic capital allocation priorities.
Overall, ABM Industries' proactive approach to managing costs, driving innovation, and pursuing growth opportunities sets a positive trajectory for the company's future performance.

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ABM Industries (ABM) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Growth Investors Shouldn't Overlook ABM Industries (ABM)

NEW YORK, July 08, 2021 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, has entered into a written settlement agreement in the consolidated action ABM Industries Overtime Cases (also known as the “Bucio case”), pending in the Superior Court of California, County of San Francisco. Filed in 2006, the case relates primarily to a legacy timekeeping system that has not been in use by ABM since 2013. The settlement is subject to court approval.

ABM Industries Enters Settlement Agreement

ABM Industries (ABM) reported earnings 30 days ago. What's next for the stock?

Why Is ABM Industries (ABM) Down 11.6% Since Last Earnings Report?

ABM's EnhancedClean™ Program Receives Recognition by the American Business Awards and IABC Gold Quill Awards Programs ABM's EnhancedClean™ Program Receives Recognition by the American Business Awards and IABC Gold Quill Awards Programs

ABM's COVID-19 Response Recognized by Prestigious Awards

NEW YORK, June 29, 2021 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM) , a leading provider of facility solutions, has initiated an Energy Savings Performance Contract (ESPC) for the City of Emporia. The energy savings and efficiencies of the project help the city upgrade water meters city-wide with Advanced Metering Infrastructure (AMI), projected to save $2.1 million in energy and operational savings over 20 years, while earning the city an additional projected $5.1 million in benefits.

City of Emporia Funds Water Meter Replacement with Energy Project

NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, announced today it has amended its senior, secured credit agreement. The upsized credit facility totals $1.95 billion and consists of a $1.3 billion revolving credit facility and a $650 million term loan and has a maturity date of June 28, 2026. ABM's prior credit facility, amended in May 2020 and scheduled to mature on September 1, 2022, totaled $1.51 billion, and consisted of an $800 million revolving credit facility and a term loan, the outstanding balance of which prior to the amendment was $620 million. As a result of the amended credit agreement, ABM's current available borrowing capacity has increased from $622 million to $1.1 billion, subject to covenant restrictions. As of April 30, 2021, the Company also had $435.7 million in cash and cash equivalents on its balance sheet.

ABM Industries Announces Expansion of Credit Agreement to $1.95 Billion

NEW YORK, June 15, 2021 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, announced the initiation of an Energy Performance Contracting program for Charleroi Area School District (CASD), located in Charleroi, Pennsylvania. ABM's custom solution creates $4.6 million in projected energy and operating cost savings, empowering CASD leadership to proactively address asset renewal needs and improve indoor air quality for students, teachers, and faculty.

ABM Creates Projected Savings of $4.6 Million for Charleroi Area School District and Improves Indoor Air Quality

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ABM Industries' (ABM) strategy entails growth through strategic acquisitions and Vision 2020. However, high debt is a concern.

Transformational Moves Aid ABM Industries (ABM) Amid High Debt

ABM Industries Incorporated (ABM) CEO Scott Salmirs on Q2 2021 Results - Earnings Call Transcript

ABM Industries (ABM) second-quarter fiscal 2021 earnings reflect margin improvement in Work Orders and operational efficiency.

ABM Industries (ABM) Q2 Earnings Beat, Revenues Miss, View Up

Shares of ABM Indus (NYSE:ABM) moved higher in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 36.67% year over year to $0.82, which beat the estimate of $0.71.

Recap: ABM Indus Q2 Earnings

Strong Operating Income Growth Across All Business Segments

ABM Industries Announces Results for Second Quarter Fiscal 2021

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses.

ABM Industries's Earnings Outlook

ABM Industries' (ABM) second-quarter fiscal 2021 earnings and revenues are likely to have improved year over year.

What's in Store for ABM Industries (ABM) in Q2 Earnings?

Conference Call to be Held on June 9th, 2021, at 8:30 AM (ET) Conference Call to be Held on June 9th, 2021, at 8:30 AM (ET)

ABM Industries to Announce Second Quarter 2021 Financial Results

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NEW YORK, April 27, 2021 /PRNewswire/ -- The ANSI National Accreditation Board (ANAB), a wholly-owned subsidiary of the American National Standards Institute (ANSI), has accredited ABM Industries, a leading provider of facility solutions, for its EnhancedClean™ Training Program, in accordance with the American National Standard, ANSI/ASTM E2659-18, Standard Practice for Certificate Programs. The move supports infection control programs and infection control solutions amid the COVID-19 global health crisis.

Providing Long-term Virus Protection and Infection Control Solutions for the COVID-19 Global Health Crisis, ANAB Accredits ABM Industries' EnhancedClean™ Training Program

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ABM Industries (ABM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

ABM Industries (ABM) Moves to Strong Buy: Rationale Behind the Upgrade

Why Is ABM Industries (ABM) Up 9.6% Since Last Earnings Report?

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