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 (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 An archived version will be accessible for 90 days post-event.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.
ABM reported a 6.2% revenue decline to $1.496 billion in Q2 2020, largely due to COVID-19 impacts. The net loss was $136.8 million or $2.05 per diluted share, attributed to a $172.8 million goodwill impairment. However, adjusted income from continuing operations rose by 28.3% to $40.4 million, with an adjusted EBITDA increase to $91 million and a margin of 6.1%. ABM's liquidity was strengthened through a $300 million credit draw, maintaining compliance with debt covenants. The company declared its 217th consecutive quarterly dividend of $0.185 per share, reflecting ongoing cash generation despite challenges.
ABM (NYSE: ABM) announces the resignation of CFO D. Anthony Scaglione, effective July 1, 2020. Scaglione, who has served in the role since 2015, will assist in the transition. Dean Chin, current Senior VP and Chief Accounting Officer, will take over as interim CFO. Scott Salmirs, CEO, praised Scaglione's contributions to ABM’s financial strategy and growth. ABM, with revenues around $6.5 billion and 140,000 employees, offers facility solutions including janitorial, energy solutions, and HVAC services, across various sectors.
ABM (NYSE: ABM) announced that it will release its earnings results for the fiscal second quarter 2020 on June 17, 2020, after market close. A conference call will be held on June 18, 2020, at 8:30 AM (ET) accessible via audio webcast on their website. ABM is a leading provider of facility solutions with revenues of approximately $6.5 billion and about 140,000 employees worldwide. The company offers integrated services including janitorial, electrical, energy solutions, and more, catering to diverse clients from schools to airports.
