Welcome to our dedicated page for ABM Industries news (Ticker: ABM), a resource for investors and traders seeking the latest updates and insights on ABM Industries stock.
ABM Industries Inc. (NYSE: ABM) delivers essential facility solutions spanning janitorial services, infrastructure engineering, and cutting-edge eMobility technologies. This news hub provides investors and industry professionals with direct access to official corporate announcements and strategic developments.
Track ABM's latest financial results, partnership agreements, and service innovations through verified press releases. Our curated updates cover critical areas including aviation facility management advancements, semiconductor industry support programs, and sustainable infrastructure initiatives.
Key updates include earnings disclosures, leadership changes, contract awards, and technological implementations across ABM's core markets. Users gain insights into how the company maintains its position as a facility management leader while expanding into emerging sectors like EV infrastructure and smart building analytics.
Bookmark this page for streamlined access to ABM's evolving service portfolio and market strategies. Regular updates ensure you stay informed about operational milestones affecting commercial real estate, manufacturing, and technical solution sectors.
ABM reported Q1 fiscal 2025 financial results with revenue increasing 2.2% to $2.1 billion, including 1.6% organic growth. Net income was $43.6 million ($0.69 per share), compared to $44.7 million ($0.70 per share) last year.
Key highlights include:
- Technical Solutions and Aviation segments led growth with 22% and 8% revenue increases respectively
- Adjusted EBITDA rose to $120.6 million from $116.7 million
- Company raised lower end of fiscal 2025 adjusted EPS guidance, now projecting $3.65-$3.80
- Successfully launched cloud-based ERP system for B&I and M&D segments
The company's total debt stood at $1,590.2 million with available liquidity of $296.9 million. During Q1, ABM repurchased 0.4 million shares for $21.3 million and declared a quarterly dividend of $0.265 per share.
ABM (NYSE: ABM) has successfully expanded and extended its senior secured credit agreement, increasing the total facility to $2.2 billion from the previous $1.95 billion. The new agreement includes a $1.6 billion revolving credit facility and a $600 million amortizing term loan, extending the maturity date to February 26, 2030.
The amended facility replaces ABM's prior credit agreement that was due to mature on June 28, 2026, which consisted of a $1.3 billion revolving credit facility and a $650 million term loan with an outstanding balance of $528 million. The terms and conditions remain largely unchanged from the previous agreement.
ABM (NYSE: ABM) has announced it will release its fiscal first quarter 2025 financial results on Wednesday, March 12, 2025, before market open. The facility solutions provider will host a conference call at 8:30 AM (ET) on the same day.
Interested parties can access the live conference call via audio webcast in the 'Investors' section of ABM's website or by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A supplemental presentation will accompany the webcast. A replay will be available approximately three hours after the webcast until March 26, 2025, accessible by dialing (844) 512-2921 or (412) 317-6671 with ID #13751302. The webcast replay will be archived on ABM's website for 90 days.
ABM (NYSE: ABM) has launched a new brand platform, 'Driving possibility, together,' reflecting its transformation into a tech-enabled solutions provider. The rebranding emphasizes ABM's evolution in both facility and engineering & infrastructure solutions, highlighting its focus on making spaces smarter and modernizing infrastructure.
Founded in 1909, ABM has grown to include over 100,000 team members serving more than half of the FORTUNE 500 companies. The new brand platform is built on four core pillars: Transforming Spaces and Places, Championing People, Advancing Sustainability, and Inspiring Innovation. The company is implementing AI, machine learning, and data-driven solutions across 19 industry segments, including commercial real estate, aviation, education, manufacturing, and distribution.
The rebranding includes a multifaceted marketing campaign, a new website, and the launch of ABM Perspectives, a digital hub for industry insights and case studies.
ABM reported Q4 FY2024 financial results with revenue of $2.2 billion, showing 3.2% organic growth. The company posted a net loss of $11.7 million and GAAP loss per share of $0.19, primarily due to a $59.7 million RavenVolt acquisition earn-out adjustment. Q4 highlights include Adjusted EBITDA of $128.0 million and Adjusted EPS of $0.90.
The company demonstrated strong performance with double-digit revenue growth in Technical Solutions and Aviation segments, while maintaining resilience in Business & Industry. ABM repurchased $32.0 million of common stock in Q4 and $55.8 million for FY2024. The company increased its quarterly dividend by 18% and provided FY2025 guidance with adjusted EPS expected between $3.60 to $3.80.
ABM announced an 18% increase in its quarterly cash dividend to $0.265 per common share, up from $0.225. The dividend will be payable on February 3, 2025, to shareholders of record on January 2, 2025. This marks the company's 235th consecutive quarterly dividend and 57th consecutive year of dividend increases. The Board's decision reflects confidence in ABM's growth trajectory and strategic vision. The company aims to achieve a long-term dividend payout ratio of approximately 30% of adjusted net income while maintaining its ability to invest in business growth.
ABM announced it will release its fiscal fourth quarter 2024 financial results on Wednesday, December 18, 2024, before market open. The company will host a conference call at 8:30 AM (ET) on the same day. The call will be accessible via audio webcast on ABM's website investor section or by phone. A supplemental presentation will accompany the webcast, and a replay will be available until January 1, 2025. The replay can be accessed by phone or through the archived webcast link on ABM's website for 90 days.
ABM (NYSE: ABM) has announced a strategic partnership with Mainspring Energy to enhance electric vehicle charging solutions through Mainspring's Linear Generator technology. The partnership aims to address power reliability challenges for commercial fleet operators implementing electrification strategies.
Mainspring's fuel-flexible generators can operate on various sustainable fuels including biogas, hydrogen, and ammonia, as well as traditional fuels. The collaboration will provide comprehensive Engineering, Procurement, and Construction services, along with maintenance support, integrating with ABM's existing solutions portfolio including RavenVolt switchgear.
ABM (NYSE: ABM), a leading provider of integrated facility services, has announced a significant leadership change. Miranda Tolar will be appointed as Executive Vice President and General Counsel, effective January 1, 2025. Tolar, currently serving as Senior Vice President and Deputy General Counsel, will succeed Andrea Newborn, who is retiring.
Tolar joined ABM in 2011 and has been overseeing litigation and employment law. The transition includes Scott Flynn being named Chief Compliance Officer and David Goldman promoted to Vice President and Corporate Secretary. Both will report to Tolar in their new roles.
CEO Scott Salmirs praised Newborn's contributions during a period of significant growth and transformation for ABM. He expressed confidence in Tolar's capabilities, citing her decade-long service as a strategic partner and advisor to the organization.
UGI (NYSE: UGI) has announced the appointment of Melanie Ruiz and David Bingenheimer to its Board of Directors, effective November 1, 2024. Ms. Ruiz, currently the Chief Information and Technology Officer at ABM Industries, brings extensive experience in enterprise-wide technology strategy and cybersecurity. Mr. Bingenheimer serves as Executive Vice President and General Manager of Ecolab Digital at Ecolab Inc., with a strong background in digital information and technology leadership.
Mario Longhi, UGI's Interim President, CEO, and Board Chairman, expressed confidence that the new directors' expertise in IT, strategy, and operations will significantly contribute to UGI's long-term strategy. Both appointees have held senior technology roles in various industries, enhancing the board's capabilities in digital transformation and technological innovation.
