ABM Industries, Inc. - ABM STOCK NEWS

ABM (NYSE: ABM) has appointed Earl Ellis as its new Executive Vice President and Chief Financial Officer, effective November 30. Ellis previously held multiple executive roles at Best Buy, where he oversaw financial strategies and capital project planning. He brings extensive experience from other public companies, enhancing ABM's leadership team as it navigates ongoing transformations. CEO Scott Salmirs expressed confidence in Ellis's ability to support the company's strategic growth, particularly in responding to clients' needs during challenging times.

ABM, a facility solutions provider, has launched an Energy Performance Contracting program for the McKeesport Area School District, expecting to save $7.8 million in energy and operating costs. This initiative allows the school district to fund critical upgrades to their facilities, including improved indoor air quality and athletic and STEM facilities. The project enhances HVAC systems, lighting, and renovations at several schools, demonstrating ABM's commitment to educational equity. This program supports over 500 educational institutions across the U.S.

ABM (NYSE: ABM), a top facility solutions provider, will participate in the Sidoti Virtual Investor Conference on September 23, 2020, starting at 3:15 PM ET. The presentation will be accessible via a live audio webcast on the Company’s website, www.abm.com, and will be archived for 90 days post-event. With approximately $6.5 billion in revenue and 140,000 employees, ABM operates over 350 offices, offering integrated solutions in various sectors including janitorial, electrical, energy, and HVAC services.

ABM (NYSE: ABM) announced its participation in the CL King Best Ideas Conference, occurring virtually on September 16, 2020. The discussion will commence at 10:15 AM ET, with a live audio webcast available in the ‘Investors’ section of the ABM website. An archived version will be accessible for 90 days post-event. ABM is a significant player in the facility solutions sector, boasting revenues of about $6.5 billion and a workforce of approximately 140,000 across over 350 offices.

ABM reported Q3 2020 revenues of $1.394 billion, a decrease of 15.4% compared to last year, largely due to COVID-19 disruptions. However, GAAP income from continuing operations rose 53.4% to $56 million, or $0.83 per diluted share, supported by favorable prior year adjustments. Adjusted income increased 24.6% to $50.1 million, or $0.75 per diluted share. Free cash flow reached $121 million, reflecting strong operational management. Notably, the company declared its 218th consecutive quarterly dividend of $0.185. Guidance for fiscal 2020 remains uncertain due to ongoing pandemic impacts.

ABM (NYSE: ABM) has launched its EnhancedClean™ program nationwide, aimed at providing safe and effective disinfection services to clients and the public. This three-step approach includes certified disinfection processes, utilizing EPA-approved disinfectants and advanced technologies like electrostatic sprayers. EnhancedClean is designed to mitigate the spread of COVID-19 and other pathogens in various facilities, ensuring health and safety. The program reflects ABM's commitment to upholding the highest standards in cleaning protocols, facilitated by ongoing training and expert advisory support.

ABM has appointed Melanie Kirkwood Ruiz as its new Chief Information Officer. Previously at Cushman & Wakefield, she brings 20 years of experience in technology and various industries. Ruiz will oversee ABM's IT optimization, enhance client-facing technologies, and lead the company's technology strategy. ABM, a leading facility solutions provider with approximately $6.5 billion in revenue and 140,000 employees, aims to better align its digital capabilities with strategic priorities under Ruiz's leadership.

ABM (NYSE: ABM), a facility solutions provider, has launched an Expert Advisory Council comprising leading experts in infectious disease and industrial hygiene. This council will enhance ABM's EnhancedClean™ program, which is aimed at ensuring safe environments through certified disinfection processes. The initiative is in response to increasing demand for expertise in facility safety amid the COVID-19 pandemic. The advisory council includes renowned professionals like Dr. Ruth Carrico and Nancy M. McClellan, who bring valuable experience from their respective fields.