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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Performance Reflects Continued Strategic and Operational Execution During COVID-19

ABM Industries Announces Results for Second Quarter Fiscal 2020

NEW YORK, June  17, 2020  (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, announced today the resignation of Executive Vice President and Chief Financial Officer, D. Anthony Scaglione.  Mr. Scaglione has held this role since 2015 after serving in various senior executive positions at the Company from 2009.  Dean Chin, ABM’s current Senior Vice President, Chief Accounting Officer and Corporate Controller, will be appointed interim Chief Financial Officer, effective July 1, 2020.  Mr. Scaglione, who is leaving the Company to pursue another career opportunity, will remain for a period of time to ensure a smooth transition. 

ABM Industries Announces CFO Transition

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NEW YORK, May  28, 2020  (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, announced today it has successfully completed an amendment to its senior, secured credit agreement.  The Company is a party to a syndicated credit facility comprised of an $800 million revolving line of credit and an $800 million amortizing term loan, both of which mature on September 1, 2022.  On March 24, 2020, as a precautionary measure, the Company elected to fully draw on its remaining revolving line of credit adding approximately $300 million of capacity to its balance sheet.  As of April 30, 2020, the Company had in excess of $500 million on its balance sheet. 

ABM Industries Amends Credit Agreement to Enhance Financial Flexibility

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NEW YORK, April  22, 2020  (GLOBE NEWSWIRE) -- ABM (NYSE: ABM) , a leading provider of facility solutions, announced today that it ﻿joins six other organizations in the contract cleaning sector to establish the Cleaning Coalition of America (the “Coalition”). The Coalition represents the needs of an industry playing a vital role to keep essential services operating during the coronavirus crisis (COVID-19). As the United States works to recover from this pandemic, the contract cleaning sector will continue to be on the front lines. Cleaners will be disinfecting workspaces, schools, airplanes, shopping centers, stadiums and other public spaces to prepare them for widespread use, reestablishing the public’s trust in the systems that underpin society.﻿

ABM Industries Joins Cleaning Coalition of America to Advocate for Essential Sector

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

Why Is ABM Industries (ABM) Down 30.9% Since Last Earnings Report?

ABM Industries Looks Like A Long-Term Buy Here

NEW YORK, March  26, 2020  (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, today provided a business update in anticipation of the continued spread of the coronavirus outbreak (COVID-19) and its evolving impact on the global operating environment.

ABM INDUSTRIES PROVIDES BUSINESS UPDATE

ABM Industries has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

ABM Industries Enters Oversold Territory

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The U.S. gross domestic product (GDP) is expected to continue to expand in 2020, but at a slower growth rate of 2.4% compared to 3.2% in 2019 due to the economic disruption of the novel coronavirus outbreak.

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ABM Industries' (ABM) CEO Scott Salmirs on Q1 2020 Results - Earnings Call Transcript

ABM Industries' (ABM) first-quarter fiscal 2020 revenues are likely to have benefited from organic growth.

Is a Beat in Store for ABM Industries' (ABM) Q1 Earnings?

ABM Industries (ABM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ABM Industries (ABM) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

ABM's vision 2020 is helping it to achieve top- and bottom-line growth.

Why Should You Hold ABM Industries (ABM) in Your Portfolio?

NEW YORK, Jan.  24, 2020  (GLOBE NEWSWIRE) --  ABM (NYSE: ABM) , a leading provider of facility solutions, announced today that it has begun providing into-plane fueling services for  Spirit Airlines  at Dallas Fort Worth International Airport (DFW) in Texas. This marks ABM’s second client for into-plane fueling at the airport.

ABM Now Fueling for Spirit Airlines at DFW International Airport

Why Is ABM Industries (ABM) Up 3.7% Since Last Earnings Report?

ABM Industries (ABM) continues to focus on optimizing revenue management, increasing client retention and improving labor management through process and technology.

Here's Why You Should Hold on to ABM Industries (ABM) Stock

ABM Industries (ABM) fourth-quarter fiscal 2019 earnings reflect higher revenues from Technical Solutions and Business & Industry segments.

ABM Industries (ABM) Q4 Earnings Top, Revenues Lag Estimates

ABM Industries Incorporated (ABM) CEO Scott Salmirs on Q4 2019 Results - Earnings Call Transcript

ABM Industries (ABM) delivered earnings and revenue surprises of 6.45% and -0.72%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?

ABM Industries (ABM) Q4 Earnings Surpass Estimates

ABM Industries (ABM) fourth-quarter fiscal 2019 earnings and revenues are likely to have improved year over year.

ABM Industries (ABM) to Report Q4 Earnings: What's in Store?

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NEW YORK, Nov.  12, 2019  (GLOBE NEWSWIRE) --  ABM (NYSE: ABM) , a leading provider of facility solutions, today announced that Josh Feinberg has joined the Company as Executive Vice President and Chief Strategy and Transformation Officer reporting directly to President and Chief Executive Officer, Scott Salmirs.

ABM Industries Names Chief Strategy and Transformation Officer

NEW YORK, Nov.  12, 2019  (GLOBE NEWSWIRE) --  ABM (NYSE: ABM) , a leading provider of facility solutions, announced today it has been awarded Tennessee Green Fleets Certification for outstanding leadership in fleet sustainability at Nashville International Airport (BNA).

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