ABM Industries

ABM Industries, Inc. engages in the provision of facility, infrastructure, and mobility solutions. It operates through the following segments: Business and Industry, Manufacturing and Distribution, Education, Aviation, and Technical Solutions. The Business and Industry segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities. It also provides vehicle maintenance services to rental car providers. The Manufacturing and Distribution segment provides integrated facility services, engineering, janitorial, and other specialized services in different types of manufacturing, distribution, and data center facilities. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. The Aviation segment supports airlines and airports with parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastructure, mechanical, and electrical services. The company was founded by Morris Rosenberg in 1909 and is headquartered in New York, NY.

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ABM Industries reports solid Q1 results amidst challenges and opportunities

ABM Industries demonstrated resilience and growth in Q1 2023, leveraging strengths in diverse demand environments and strategic initiatives like ELEVATE.
While facing challenges like labor shortages and supply chain issues, the company is actively managing risks and pursuing opportunities for expansion and margin improvement.
With a positive financial outlook, recognition for ESG efforts, and a focus on innovation and growth, ABM Industries remains well-positioned for future success and market leadership.

ABM Industries reports strong Q2 performance amidst growth opportunities

ABM Industries delivered a solid performance in Q2 2023, showcasing revenue growth and operational efficiency improvements.
While facing challenges such as office occupancy rates and supply chain issues, the company is well-positioned to capitalize on growth opportunities.
Strategic initiatives like the electrification center and focus on diversity and inclusion underscore ABM's commitment to innovation and sustainability.
With a stable portfolio and effective cost management, ABM is poised for continued growth and resilience in the evolving market landscape.

ABM Industries reports revenue growth but faces challenges in segments

ABM Industries' Q3 performance showed growth in key segments but faced challenges in certain areas. The company remains focused on cost management, new business wins, and enhancing shareholder returns amidst market pressures.

ABM Industries reports strong Q4 revenue growth and navigates challenges

ABM Industries delivered solid revenue growth in Q4 2023, set sales records, and outlined a promising outlook for 2024, focusing on efficiency enhancements and market diversification.
Despite challenges from commercial real estate softness and operational hurdles, ABM's strategic initiatives, workforce tools, and cost structure adjustments position it well for future growth and resilience.
With a commitment to capital allocation strategies, organic growth, and navigating market dynamics, ABM Industries aims to leverage growth opportunities in key sectors and drive shareholder value.

ABM Industries reports robust Q1 performance and eyes future growth

ABM Industries' Q1 2024 performance reflects strong revenue growth and operational stability across segments.
The company's focus on technology-driven solutions and pricing discipline positions it well for future growth.
Challenges in margin variability and EV business growth require strategic adjustments for sustained performance.
Opportunities lie in leveraging market demand, operational efficiencies, and long-term growth prospects in the EV market.

ABM Industries raises full-year guidance after strong Q2 performance

ABM Industries delivered strong Q2 results, raising full-year guidance and showcasing resilience in a challenging market. The company's strategic alignment with key trends, record new business wins, and focus on margin-enhancing investments highlight growth potential. While challenges in certain segments may impact cash flow, ABM remains confident in its ability to navigate market dynamics and capitalize on opportunities.

ABM Industries reports robust Q3 performance and raises full-year guidance

ABM Industries delivered a strong performance in Q3 2024, driven by growth in key segments and strategic acquisitions.
The company raised its full-year guidance, maintained a stable financial position, and expects strong cash flow generation.
While facing challenges in sustaining growth and managing debt, ABM sees opportunities in margin improvements and new business development.

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ABM Industries (ABM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

ABM Industries (ABM) Upgraded to Buy: Here's What You Should Know

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ABM Industries' (ABM) multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies.

ABM Industries (ABM) Stock Rises 22.5% in a Year: Here's How

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Dividend King ABM Industries NYSE: ABM is neither a high-profile stock nor an exciting investment, but that is not why it's a good buy. A solid, in-demand business steadily growing and widening margins offset the lack of excitement.

Dividend King ABM Industries is on Track for New Highs

Leading facility solutions provider to provide janitorial services across Phoenix Sky Harbor International Airport (PHX), Deer Valley Airport (DVT), and Goodyear Airport (GYR) in landmark five-year partnership Leading facility solutions provider to provide janitorial services across Phoenix Sky Harbor International Airport (PHX), Deer Valley Airport (DVT), and Goodyear Airport (GYR) in landmark five-year partnership

ABM Announces Partnership with Phoenix's Three Airports

Industry-leading ABM Vantage platform with enhanced Rezcomm technology and scalability to be showcased at 2024 IPMI Parking & Mobility Expo Industry-leading ABM Vantage platform with enhanced Rezcomm technology and scalability to be showcased at 2024 IPMI Parking & Mobility Expo

ABM and Rezcomm Collaborate to Enhance ABM Vantage™ Smart Parking Platform

ABM Industries' (ABM) top line benefits from a strong segmental performance in the second quarter of fiscal 2024.

ABM Industries (ABM) Q2 Earnings & Revenues Beat Estimates

ABM Industries, Inc. (NYSE:ABM ) Q2 2024 Earnings Conference Call June 6, 2024 8:30 AM ET Company Participants Paul Goldberg - SVP, IR Scott Salmirs - President & CEO Earl Ellis - EVP & CFO Conference Call Participants Tim Mulrooney - William Blair Jasper Bibb - Truist Securities Faiza Alwy - Deutsche Bank David Silver - CL King & Associates Joshua Chan - UBS Marc Riddick - Sidoti & Company Operator Greeting, and welcome to the ABM Industries Inc. Second Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

ABM Industries, Inc. (ABM) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for ABM Industries (ABM) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

ABM Industries (ABM) Reports Q2 Earnings: What Key Metrics Have to Say

ABM Industries (ABM) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.90 per share a year ago.

ABM Industries (ABM) Q2 Earnings and Revenues Surpass Estimates

NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, today announced financial results for the second quarter of fiscal 2024.

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

Beyond analysts' top -and-bottom-line estimates for ABM Industries (ABM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.

Curious about ABM Industries (ABM) Q2 Performance? Explore Wall Street Estimates for Key Metrics

NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, today announced it has been named by Barron's as among the 100 Most Sustainable Companies for 2024. This is the second consecutive year ABM has been named to the list, which recognizes outstanding environmental sustainability performance among the 1,000 largest publicly traded companies in the United States.

ABM Named Among Barron's 100 Most Sustainable Companies for Second Consecutive Year

ABM will deliver holistic “one team” approach to create an enhanced learning environment that is clean, healthy and efficient ABM will deliver holistic “one team” approach to create an enhanced learning environment that is clean, healthy and efficient

Utica University Selects ABM to Transform Campus-wide Facilities Management

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ABM Industries (ABM) benefits from strong demand in its aviation front, client additions in its education segment and Elevate investments.

Here's Why ABM Industries (ABM) Stock is a Great Pick Now

NEW YORK, May 22, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, announced today that Scott Salmirs, President and CEO, has been awarded the number one spot on the Empower Advocates 2024 Role Model list. This is the second consecutive year Salmirs has been named to the list recognizing leaders dedicated to creating a more inclusive environment for people of color in business.

ABM President and CEO, Scott Salmirs, Awarded Top Spot on Empower Advocates 2024 Role Model List

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NEW YORK, May 22, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM) , a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal second quarter 2024 on Thursday, June 6, 2024, before market open. ABM will host its quarterly conference call for all interested parties on Thursday, June 6, 2024, at 8:30 AM (ET).

ABM to Announce Second Quarter 2024 Financial Results

Amid sustained EV industry growth, ABM's turnkey eMobility solutions for fleet electrification to be showcased at ACT Expo May 20 to 23 Amid sustained EV industry growth, ABM's turnkey eMobility solutions for fleet electrification to be showcased at ACT Expo May 20 to 23

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ABM Industries is executing well despite challenges in the commercial office market. The company's revenues grew by 3.9% Y/Y, driven by net new business and expansion in various segments, including Aviation and Technical Solutions. Margins were impacted by higher investments and an unfavorable project mix, but the company's margin outlook is positive, with expected improvements in the coming years.

News for ABM Industries Stock (ABM)