ABM Industries Stock Price, News & Analysis

ABM has secured a significant 10-year, $300 million contract with the Greater Orlando Aviation Authority to provide parking and employee shuttle services at Orlando International Airport (MCO). The company will manage a new fleet of 61 transit buses and implement ABM Vantage, their advanced mobility intelligence platform, to enhance operational efficiency through real-time data analytics. This marks the first time MCO has delegated complete responsibility for capital investment and fleet maintenance to a contractor, showcasing GOAA's trust in ABM's capabilities. The partnership positions ABM as a key player in managing large-scale transportation programs at major U.S. airports while supporting MCO's innovation-focused vision.

ABM (NYSE: ABM) has appointed David Orr as its new Executive Vice President and Chief Financial Officer, succeeding Earl Ellis who served since November 2020. Orr, previously Senior Vice President of Financial Planning and Analysis, brings over 20 years of experience with ABM, having joined in 2001. Throughout his tenure, he has held various leadership positions across finance, strategy, and operations. In his most recent role since 2015, Orr led enterprise-wide forecasting, budgeting, and strategic financial planning, while enhancing company-wide reporting and performance measurement capabilities. His career at ABM began in the lighting services division, where he gained operational experience before advancing to Vice President of Finance and Administration. From 2008 to 2015, he served as Vice President of Strategic Solutions.

ABM (NYSE: ABM) reported strong fiscal Q2 2025 results with revenue increasing 4.6% to $2.1 billion, including 3.8% organic growth. Net income was $42.2 million ($0.67 per share), compared to $43.8 million ($0.69 per share) in Q2 2024. Adjusted net income rose to $54.1 million ($0.86 per share) from $52.3 million ($0.82 per share). The company secured $1.1 billion in new bookings, up 11% year-over-year. Business & Industry and Manufacturing & Distribution segments returned to organic growth, while Technical Solutions and Aviation segments led revenue growth at 19% and 9% respectively. The company maintained its full-year 2025 adjusted EPS guidance of $3.65-$3.80 and adjusted EBITDA margin outlook of 6.3-6.5%. Cash flow showed sequential improvement despite ERP transition challenges, with free cash flow at $15.2 million. ABM declared its 237th consecutive quarterly dividend of $0.265 per share.

ABM (NYSE: ABM), a leading facility solutions provider, has scheduled its fiscal second quarter 2025 financial results announcement for June 6, 2025, before market open. The company will host a conference call at 8:30 AM ET on the same day.

Investors can access the live conference call through an audio webcast on ABM's website or by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A supplemental presentation will be available on the company's website. The webcast replay will be archived for 90 days, and a phone replay will be available until June 20, 2025, using ID #13753708.

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.