STOCK TITAN
  1. Home
  2. News
  3. ABM

ABM Industries, Inc. - ABM STOCK NEWS

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) is a leading provider of integrated facility solutions, headquartered in New York. Founded in 1909 by Morris Rosenberg in San Francisco as a window-washing business, it has grown into a multinational corporation with over 100,000 employees and annualized revenue exceeding $8 billion. ABM operates through five segments: Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions, with a strong focus on janitorial, engineering, and parking services. The company collaborates with a vast array of industries, including commercial real estate, airports, schools, hospitals, and entertainment venues.

ABM is renowned for its innovation and commitment to sustainability. Recent achievements include a partnership with LaGuardia Gateway Partners to enhance operations at LaGuardia Terminal B, a new energy performance contract in Clarke County, and janitorial services for Phoenix's three major airports. ABM also focuses on eMobility solutions, supporting EV infrastructure and fleet electrification. The company is dedicated to diversity and inclusion, with CEO Scott Salmirs recognized on the Empower Advocates Role Model list for leadership in promoting workplace inclusivity.

Financially, ABM has shown resilience and growth, with a reported revenue increase to $2.1 billion in Q1 2024 and an adjusted EPS forecast raised to $3.40 to $3.50 for fiscal 2024. The company continues to leverage its ELEVATE strategy to drive operational efficiency and client satisfaction.

News

ABM Helps County Prioritize Health and Safety with $1.8 Million Projected Savings

Rhea-AI Summary
ABM initiates Energy Performance Contracting program in Clarke County, Alabama, expected to save $1.8 million over 20 years and enhance security and air quality. The project includes HVAC, lighting, controls upgrades, and advanced technology for county facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
none
-
News

ABM Serving as Critical Support for U.S. Semiconductor Manufacturing as Sector Grows Domestic Capacity

Rhea-AI Summary
ABM partners with leading semiconductor companies to expand their U.S. footprint in response to the CHIPS and Science Act of 2022, driving significant growth in the semiconductor business. ABM offers specialized programs to enhance operational efficiency and support the industry's domestic growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
Tags
none
-
News

ABM Named Among 25 Best Companies for Latinos to Work by Latino Leaders Magazine for Second Consecutive Year

Rhea-AI Summary
ABM (NYSE: ABM) has been recognized as one of the 25 Best Companies for Latinos to Work in 2024 by Latino Leaders Magazine for the second consecutive year. The company's inclusive culture and commitment to diversity have been highlighted through initiatives like the Culture & Inclusion Council and Employee Resource Groups, showcasing its dedication to fostering a diverse and inclusive workplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
none
News

ABM Reports First Quarter Fiscal 2024 Results and Raises Outlook for Fiscal Year 2024 Adjusted EPS

Rhea-AI Summary
ABM (NYSE: ABM) reports a 3.9% revenue increase to $2.1 billion, with net income of $44.7 million and GAAP EPS of $0.70, up 16% and 21%. Adjusted EPS rose 9%, reaching $0.86. The company raised its fiscal year 2024 adjusted EPS outlook to $3.30 to $3.45, up from $3.20 to $3.40.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.28%
Tags
earnings
-
News

ABM Announces Facility Services Partnership with the Arizona Diamondbacks and Chase Field

Rhea-AI Summary
ABM secures a multi-year agreement to provide housekeeping solutions and event staffing for the Arizona Diamondbacks and Chase Field, expanding its MLB client portfolio. The partnership emphasizes inclusion and environmental sustainability, with a focus on delivering exceptional fan experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
partnership
-
News

ABM Announces Leadership Appointments

Rhea-AI Summary
ABM announces key leadership changes with Valerie Burd promoted to President of Business & Industry, Scott Camp hired as President of the Education segment, and Martin Montagne joining as President of Engineering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
none
News

ABM to Announce First Quarter 2024 Financial Results

Rhea-AI Summary
ABM (NYSE: ABM) will release its financial results for the fiscal first quarter 2024 on March 7, 2024. The quarterly conference call for investors will be held at 8:30 AM (ET) on the same day. The call can be accessed via webcast or phone. A replay will be available for three weeks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
earnings
-
News

ABM Reports Fourth Quarter and Full Year Fiscal 2023 Results and Provides Fiscal 2024 Outlook

Rhea-AI Summary
ABM (NYSE: ABM) reported fourth quarter revenue growth of 4.1% to $2.1 billion, with net income of $62.8 million and GAAP EPS of $0.96, up 29% and 32% respectively. Fiscal 2024 adjusted earnings per share expected to be in the range of $3.20 to $3.40.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.9%
Tags
earnings
-
News

ABM Expands Partnership with LaGuardia Gateway Partners, Providing Integrated Facility Services for LaGuardia Airport Terminal B

Rhea-AI Summary
ABM (NYSE: ABM) expands its relationship with LaGuardia Gateway Partners to provide comprehensive integrated facility services and best-in-class traveler experiences at Terminal B, aiming to drive sustainability and diversity best practices. ABM's Performance Solutions will optimize and unify operational efficiency across Terminal B, enhancing operations and guest experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
partnership
News

ABM Helps Large Virginia School System Save $6.7 Million with Facility Enhancements

Rhea-AI Summary
ABM (NYSE: ABM) launches a $6.7 million Energy Performance Contracting program for Orange County Public Schools in central Virginia, expected to create significant cost savings over a twenty-year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
none

FAQ

What is the current stock price of ABM Industries (ABM)?

The current stock price of ABM Industries (ABM) is $56.79 as of November 22, 2024.

What is the market cap of ABM Industries (ABM)?

The market cap of ABM Industries (ABM) is approximately 3.6B.

What does ABM Industries Inc. do?

ABM provides integrated facility solutions, including janitorial, engineering, parking, electrical and lighting, HVAC, and energy solutions.

What are ABM's core business segments?

ABM operates through five segments: Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions.

Who founded ABM Industries Inc.?

ABM was founded in 1909 by Morris Rosenberg in San Francisco, California.

What recent projects has ABM undertaken?

Recent projects include expanding operations at LaGuardia Terminal B, a new energy performance contract for Clarke County, and janitorial services for Phoenix airports.

How many employees does ABM have?

ABM employs over 100,000 people worldwide.

What is ABM's annual revenue?

ABM's annualized revenue exceeds $8 billion.

What is the ELEVATE strategy?

The ELEVATE strategy focuses on operational efficiency, client satisfaction, and technological advancements.

How does ABM support sustainability?

ABM supports sustainability through various initiatives, including energy performance contracts, green cleaning processes, and EV infrastructure solutions.

Who is the CEO of ABM?

Scott Salmirs is the President and CEO of ABM Industries Inc.

What are ABM’s financial projections for fiscal 2024?

ABM raised its adjusted EPS forecast to $3.40 to $3.50 for fiscal 2024.

Stock ABM logo
ABM Industries, Inc.

NYSE:ABM

ABM Rankings

#1559 Ranked by Market Cap
#1527 Ranked by Dividends

ABM Stock Data

3.56B
61.88M
1.39%
94.03%
1.75%
Specialty Business Services
Services-to Dwellings & Other Buildings
Link
United States of America
NEW YORK