ABM Industries SEC Filings

ABM Industries Inc Schedule 13G reports that Vanguard Portfolio Management beneficially owned 4,098,989 shares of Common Stock, representing 7% of the class as of 03/31/2026. The filing shows Vanguard has sole dispositive power over 4,098,989 shares and sole voting power over 23,023 shares. The statement clarifies these holdings reflect positions managed by Vanguard Portfolio Management LLC and specified affiliates; the filing was signed on 04/28/2026.

ABM Industries Inc — The Vanguard Group filed Amendment No. 16 to a Schedule 13G/A reporting that it beneficially owns 0 shares of ABM Common Stock, equal to 0%. The filing explains an internal realignment effective January 12, 2026 that disaggregated certain Vanguard subsidiaries' holdings per SEC Release No. 34-39538. The form is signed by Ashley Grim, Head of Global Fund Administration on 03/26/2026.

ABM Industries Incorporated reported the results of its annual stockholder meeting held on March 25, 2026. Stockholders elected 12 directors, including Quincy L. Allen, LeighAnne G. Baker and Scott Salmirs, with each nominee receiving more votes "for" than "against".

Stockholders also approved two additional proposals. One received 48,442,064 votes for, 2,231,511 against and 37,397 abstentions, with 4,169,359 broker non-votes. Another received 52,415,179 votes for, 2,426,546 against and 38,606 abstentions.

ABM Industries reported quarterly revenues of $2,243.5 million, up 6.1%, driven by 5.5% organic growth and contributions from the LMC acquisition. Net income declined to $38.8 million, with diluted EPS of $0.64, as restructuring charges and mix shifts offset higher sales.

Operating cash flow improved sharply to $62.0 million from cash use a year earlier, helped by better collections and payment timing. ABM continued its restructuring program, targeting about $35.0 million in annualized savings, repurchased 2.07 million shares for $91.1 million, and ended the quarter with $1.6 billion outstanding on its amended credit facility and $507.7 million of borrowing capacity.

Subsequently, ABM added a $255.0 million incremental term loan and closed the $264 million cash acquisition of WGNSTAR to expand technical and semiconductor-related services.

ABM Industries reported fiscal first quarter 2026 results with revenue of $2.24 billion, up 6.1% year over year, including 5.5% organic growth. Net income was $38.8 million, or $0.64 per diluted share, down from $43.6 million, or $0.69, as margins softened, particularly in Technical Solutions.

Adjusted net income was $50.4 million, or $0.83 per diluted share, versus $55.3 million, or $0.87, last year, and adjusted EBITDA was $117.8 million compared with $120.6 million. Operating cash flow improved to $62.0 million and free cash flow to $48.9 million, a sharp turnaround from negative free cash flow a year earlier. The company repurchased $91.1 million of stock and ended the quarter with $608.1 million of liquidity and a leverage ratio of 2.9x.

The Board declared a quarterly dividend of $0.29 per share, payable May 4, 2026 to shareholders of record on April 2, 2026, up from $0.265 a year earlier. ABM reaffirmed its fiscal 2026 outlook, including expected organic revenue growth of 3%–4%, total revenue growth of 4%–5%, segment operating margin of 7.8%–8.0%, and adjusted EPS between $3.85 and $4.15.

ABM Industries executive Thomas James Gallo reported equity compensation activity involving company common stock. On January 8, 2026, he acquired 5,281 shares through a grant of restricted stock units that will vest in three equal annual installments and settle in shares. On January 10, 2026, he acquired 1,964 shares upon vesting of performance shares granted in January 2023, based on pre-set performance criteria. He also disposed of 3,154 shares on January 10, 2026 and 927 shares on January 9, 2026 at a price of $44.69 per share to cover tax liabilities by delivering shares. Following these transactions, he directly owned 21,077 shares of ABM common stock.

ABM Industries executive Thomas James Gallo, EVP & Chief Strategy Officer, filed an initial insider ownership report. The Form 3 shows he directly holds 17,913 shares of common stock, establishing his reported equity position in the company as an officer.

Industries Incorporated has released its 2026 proxy statement ahead of a virtual annual meeting on March 25, 2026. Stockholders will vote on electing twelve directors for one-year terms, giving advisory approval of executive compensation, and ratifying KPMG as auditor for the year ending October 31, 2026.

The company reports record fiscal 2025 revenue of $8.7 billion, up 4.6% with 3.8% organic growth, and net income of $162.4 million, alongside adjusted net income of $215.8 million and adjusted EBITDA of $496.6 million. It generated operating cash flow of $234.4 million and free cash flow of $155.1 million, repurchased $121.3 million of stock (about 4% of shares) and paid roughly $66 million in dividends.

The Board, led by independent chair Sudhakar Kesavan, is largely independent, with 33% female and 25% ethnically or racially diverse nominees, and uses majority voting, mandatory retirement at 73, and ownership guidelines. Executive pay is heavily performance-based, with about 89% of CEO compensation and 77% of other named executives’ pay at risk through incentives and equity, and no tax gross-ups, option repricing, or hedging.