ABM Industries, Inc. - ABM STOCK NEWS

ABM will release its fiscal second quarter 2021 earnings on June 8, 2021, after market close. The company, which reported revenues of approximately $6.0 billion and employs over 100,000 people, will host a conference call on June 9, 2021, at 8:30 AM (ET) for interested parties. The call can be accessed via audio webcast on the company’s website. A supplemental presentation will accompany the event, and a replay will be available for two weeks.

ABM Industries has received accreditation from the ANSI National Accreditation Board (ANAB) for its EnhancedClean™ Training Program, aligning with ANSI/ASTM E2659-18 standards. This program aims to bolster infection control amidst COVID-19, enhancing safety for organizations as they resume operations. Developed with expert input, the program includes online modules and specialized training for disinfection specialists. The ANAB accreditation, recognized globally, reinforces confidence in ABM's training efforts, underscoring its commitment to effective cleaning protocols. ABM operates with approximately $6.0 billion in revenue.

ABM reported strong Q1 results for fiscal 2021, with GAAP earnings per share of $1.10 and adjusted EPS of $1.01. Revenue stood at $1.49 billion, a 7.5% decrease year-over-year due to COVID-19 impacts, but higher demand for EnhancedClean™ services and effective labor management contributed to a significant operating profit increase of 139.5% to $109.7 million. The company also achieved over $45 million in cash flow from operations and declared a quarterly dividend, marking its 220th consecutive payout. Fiscal 2021 guidance indicates a projected adjusted income per share of $3.00 to $3.25.

ABM will release its fiscal Q1 2021 earnings results on March 9, 2021, post-market. A conference call for stakeholders is scheduled for March 10, 2021, at 8:30 AM (ET), accessible via the ABM website or by dialing in. The company reports revenues of approximately $6.0 billion and has over 100,000 employees across more than 350 offices. It provides diverse facility solutions including janitorial, energy, and HVAC services, serving various property types from schools to airports.

ABM has partnered with ASM Global to enhance the VenueShield reopening protocols aimed at ensuring safety in live venues. This initiative will aid in the reopening of over 325 ASM venues worldwide by implementing comprehensive health and safety measures based on insights from leading health experts. ABM will utilize its expertise to boost the effectiveness of these protocols, emphasizing adherence to CDC guidelines. Through these efforts, both companies aim to provide high-quality service and secure experiences for guests as facilities begin to reopen during the ongoing pandemic.

ABM (NYSE: ABM) has appointed Quincy Allen, former Chief Marketing Officer of IBM Cloud, as an independent director to its Board of Directors. His extensive background in operational technology and business development is seen as crucial for ABM's ongoing efforts to enhance its facilities services and IT strategy. Allen has held significant roles at companies including Unisys and Xerox, bringing over 27 years of experience. ABM, with revenues of approximately $6 billion, operates across diverse sectors providing customized facility solutions.

ABM has launched a fifth phase Energy Savings Performance Contract (ESPC) with Madison County Schools in Georgia, projected to save approximately $40 million over 17 years. This phase includes energy-efficient upgrades and enhanced disinfection programs to improve indoor air quality and reduce pathogen transmission. Upgrades involve adding HVAC systems to gymnasiums and implementing EnhancedClean™ and EnhancedFacility™ programs to ensure safe environments for students and staff during ongoing health concerns.

ABM, a leader in facility solutions, will participate in the Sidoti Virtual Investor Conference on January 13, 2021, starting at 1:00 p.m. ET. The event will feature a live audio webcast available on the company's website, www.abm.com, with an archive accessible for 90 days post-event. ABM reported revenues of approximately $6.0 billion and has over 100,000 employees across 350+ offices globally, providing a range of facility solutions, including janitorial, electrical, and HVAC services.

ABM reported fourth-quarter results for fiscal 2020 with revenues of $1.48 billion, down 9.9% year-over-year due to COVID-19 impacts. GAAP continuing EPS was $0.78, while adjusted EPS was $0.69, marking a 4.5% increase. Adjusted EBITDA stood at $92.5 million with a margin of 6.2%. The company generated record cash flow of approximately $200 million and increased its dividend by 2.7%. For Q1 FY2021, ABM provided guidance for GAAP EPS of $0.53 to $0.58, reflecting ongoing pandemic effects. Total liquidity reached $990 million, supporting future operations.