Vancouver, BC, March 24, 2026 (GLOBE NEWSWIRE) -- Aben Gold Corp. (TSX-V: ABM) (OTCID: ABNAF) (Frankfurt: ML1) (“Aben” or “the Company”) is pleased to announce that it is actively assessing the high-grade tungsten results from its October 16, 2014 News Release at the 100% owned Justin Gold Project in southeast Yukon. The Company is simultaneously planning a comprehensive 2026 exploration program that will incorporate both tungsten and gold targets to fully evaluate the multi-metal potential of this highly p ...

ABM Industries Incorporated (NYSE:ABM) is included among the 14 High Growth Dividend Paying Stocks to Invest in Now. Maxim Upgrades ABM to Buy, Highlights Data Center and Chip Exposure Carol Gauthier/Shutterstock.com On March 11, Maxim upgraded ABM Industries Incorporated (NYSE:ABM) to Buy from Hold. It also set a $50 price target on the stock. The firm pointed to the company’s exposure to an expanding US supply chain, including chip factories, data centers, distribution centers, industrial equipment, a ...

Core Insights - ABM Industries Incorporated (ABM) is experiencing strong demand and is implementing proactive strategies through acquisitions and partnerships, which are beneficial for shareholders [1] - The company is facing challenges from rising expenses and geopolitical tensions that may impact its future prospects [1] Financial Performance - ABM's revenues are projected to grow by 5% in fiscal 2026 and 2.5% in fiscal 2027, with earnings expected to increase by 14.8% and 11% in the same periods [2] - In Q1 fiscal 2026, ABM achieved a revenue growth of 6.1%, driven by strong performance in ATS and Aviation, supported by broad-based demand [3][10] Strategic Initiatives - The acquisition of WGNSTAR has strengthened ABM's position in the semiconductor and high-tech services market, enhancing its capabilities in cleanroom operations and production tool management [4] - ABM partnered with the City of Alexandria Transit Company (DASH) to implement an in-route pantograph charger, aiding in fleet electrification and operational flexibility [5] Shareholder Value - ABM is committed to returning capital to shareholders, having repurchased $73.0 million of stock in Q4 fiscal 2025, totaling $121.3 million for the year, and reducing its share count by 4% [6] - The company raised its quarterly dividend by 9% to $0.29 per share, marking its 58th consecutive year of annual dividend increases [6] Liquidity and Financial Health - ABM maintains a solid liquidity position, with its current ratio increasing to 1.50 in Q1 fiscal 2026, reflecting improved working capital management [8] Cost Pressures - The company is facing rising operating costs, which increased by 4.2% in fiscal 2023, 4.1% in fiscal 2024, and 4.7% in fiscal 2025, with a significant surge of 6.9% in Q1 fiscal 2026 [9][10]

Core Insights - ABM reported mixed first-quarter fiscal 2026 results, with earnings per share (EPS) missing estimates while revenues exceeded expectations [1][9] Financial Performance - ABM's EPS, excluding non-recurring items, was 83 cents, missing the Zacks Consensus Estimate by 4.6% and declining 4.6% year over year [2][9] - Total revenues reached $2.3 billion, surpassing the consensus mark by 1.3% and increasing 6.1% from the previous year [2][9] - The company's shares have declined 10.7% since the earnings release on March 10 [1][9] Segment Performance - The Business & Industry segment's revenues increased 4.1% year over year to $1.1 billion, exceeding estimates [3] - The education segment's revenues were $228.7 million, up 1.5% year over year, but missed expectations [3] - The Manufacturing & Distribution segment's revenues rose 7.1% to $422.3 million, meeting estimates [4] - The Aviation segment's revenues surged 10.2% to $297.7 million, missing expectations [4] - Technical solutions revenues increased 13.6% to $229.7 million, falling short of estimates [4] Profitability Metrics - Adjusted EBITDA was $117.8 million, a decrease of 2.3% from the previous year, with an adjusted EBITDA margin of 5.2%, down 50 basis points [5] Balance Sheet and Cash Flow - At the end of the first quarter, cash and cash equivalents were $100.4 million, down from $104.1 million in the previous quarter [6] - Long-term debt increased to $1.6 billion from $1.5 billion [6] - Net cash generated by operating activities was $62 million, with free cash flow at $48.9 million [6] Guidance - For fiscal 2026, ABM expects adjusted EPS to be in the range of $3.85 to $4.15, with the midpoint of $4 being lower than the Zacks Consensus Estimate of $4.08 [7][9]

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Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing its offerings in this area [1] Group 1 - The company publishes thousands of quarterly earnings calls each quarter, showcasing its extensive coverage and growth in the transcript market [1] - There is an ongoing effort to expand coverage, suggesting a strategic initiative to capture more market share and improve service offerings [1]

Revenue Performance - Revenues increased by $128.6 million, or 6.1%, to $2,243.5 million for the three months ended January 31, 2026, driven by organic growth of 5.5% and acquisition growth of 0.6%[108]. - Revenues for the Business & Industry segment increased by $42.2 million, or 4.1%, to $1,065.1 million for the three months ended January 31, 2026, compared to the prior year[123]. - Manufacturing & Distribution revenues rose by $28.0 million, or 7.1%, to $422.3 million during the same period, driven by business expansion with existing clients and new business wins[125]. - Aviation segment revenues increased by $27.6 million, or 10.2%, to $297.7 million, attributed to new business wins and scope expansions with existing clients[127]. - Education revenues grew by $3.4 million, or 1.5%, to $228.7 million, primarily due to new business wins[129]. - Technical Solutions revenues increased by $27.4 million, or 13.6%, to $229.7 million, with organic growth of 7.1% and acquisition growth of 6.4%[131]. Profitability - Operating profit decreased by $2.9 million, or 3.7%, to $74.7 million during the same period, primarily due to restructuring charges and project delays[108]. - Operating profit for the Business & Industry segment increased by $0.3 million, or 0.4%, to $79.7 million, while the operating profit margin decreased by 28 bps to 7.5%[124]. - Operating profit for Manufacturing & Distribution decreased by $3.1 million, or 7.7%, to $36.3 million, with a margin decline of 139 bps to 8.6%[126]. - Education segment operating profit surged by $7.6 million, or 54.2%, to $21.6 million, with a margin increase of 322 bps to 9.4%[130]. Cash Flow - Net cash provided by operating activities improved by $168.2 million to $62.0 million for the three months ended January 31, 2026, compared to cash used in the prior year[108]. - Net cash provided by operating activities improved to $62.0 million in Q1 2026, compared to cash used of $106.2 million in Q1 2025, marking a $168.2 million improvement[146]. - Net cash used in investing activities decreased to $12.6 million in Q1 2026 from $14.4 million in Q1 2025[147]. - Net cash used in financing activities was $55.2 million in Q1 2026, a shift from net cash provided of $116.9 million in Q1 2025, primarily due to increased share repurchases[148]. Expenses and Costs - Gross margin decreased by 69 basis points to 11.6% for the three months ended January 31, 2026, primarily due to strategic pricing decisions and service mix[111]. - Selling, general and administrative expenses increased by $0.8 million, or 0.4%, to $169.8 million during the three months ended January 31, 2026[112]. - Corporate expenses decreased by $1.3 million, or 1.6%, to $81.9 million, mainly due to a reduction in accruals for potential legal settlements[133]. Debt and Financing - Total outstanding borrowings under the Amended Credit Facility were $1.6 billion as of January 31, 2026, with a borrowing capacity of up to $507.7 million[108]. - As of January 31, 2026, total outstanding borrowings under the Amended Credit Facility were $1.6 billion, with a weighted average interest rate of 5.44%[139]. - Interest expense increased by $1.1 million, or 4.9%, to $24.0 million during the three months ended January 31, 2026, driven by higher borrowings[115]. Share Repurchases - Total number of shares repurchased in the three months ended January 31, 2026, was 2.07 million, compared to 0.42 million in the same period of 2025[143]. - Average price paid per share for repurchases was $44.13 in Q1 2026, down from $51.23 in Q1 2025[143]. - Total cash paid for share repurchases in Q1 2026 was $91.1 million, significantly higher than $21.3 million in Q1 2025[143]. - Authorization for share repurchases remaining as of January 31, 2026, was $92.0 million[142]. Tax and Accounting - Effective tax rate increased to 25.6% for the three months ended January 31, 2026, compared to 21.4% in the prior year[116]. - The company is evaluating the impact of recently issued accounting standards on its financial statements, including those related to income tax disclosures and expense disaggregation[152]. - The company reported no material changes related to market risk from the previous annual report[153]. Restructuring and Cost Savings - The Restructuring Program is expected to deliver approximately $35.0 million of annualized cost savings once fully implemented in 2026[103]. - Foreign currency translation gain was $9.5 million for the three months ended January 31, 2026, compared to a loss of $7.6 million in the prior year[120].

Core Insights - ABM Industries reported a solid start to fiscal 2026, with revenue growth driven by organic growth and acquisitions, despite facing margin challenges in its Technical Solutions segment [4][7][16] Financial Performance - Revenue increased by 6.1% year-over-year to $2.2 billion, primarily due to 5.5% organic growth and contributions from an acquisition in Ireland [3][7] - Net income was $38.8 million, or $0.64 per diluted share, down from $43.6 million, or $0.69 per share in the prior year [2] - Adjusted net income was $50.4 million, or $0.83 per diluted share, compared to $55.3 million, or $0.87 per diluted share a year earlier [2] - Adjusted EBITDA was $117.8 million, down from $120.6 million in the prior-year quarter [1] Segment Performance - Technical Solutions revenue rose 14% to $229.7 million, but operating margin fell to 3.7% from 8.2% due to project delays [6][9] - Aviation segment revenue increased by 10% to $297.7 million, supported by global travel demand [8] - Business & Industry (B&I) revenue was $1.1 billion, up 4% year-over-year, with an operating profit margin of 7.5% [8] - Education segment revenue rose 2% to $228.7 million, with a significant operating profit increase of 54% [8] Capital Allocation - ABM repurchased 2.1 million shares for $91.1 million, with $92 million remaining under the company's authorization [5][13] - The company expects to close the WGNSTAR acquisition, adding approximately $120–130 million in revenue, temporarily increasing leverage above 3x [5][14] Outlook - ABM maintained its fiscal 2026 outlook, expecting organic growth of 3% to 4% and total revenue growth of 4% to 5% [16] - Segment operating margin is projected to be between 7.8% and 8.0%, with improvements expected in the second half of the year [16] - Management remains cautiously optimistic about macroeconomic conditions, noting no significant deterioration in staffing levels or wage pressures [17]

Core Insights - ABM Industries reported revenue of $2.24 billion for the quarter ended January 2026, reflecting a 6.1% increase year-over-year and surpassing the Zacks Consensus Estimate of $2.22 billion by 1.27% [1] - The company's EPS was $0.83, down from $0.87 in the same quarter last year, resulting in an EPS surprise of -4.92% compared to the consensus estimate of $0.87 [1] Revenue Performance - Business & Industry segment generated $1.07 billion, exceeding the average estimate of $1.04 billion, marking a 4.1% increase year-over-year [4] - Aviation segment reported $297.7 million, surpassing the estimated $286.78 million, with a year-over-year growth of 10.2% [4] - Education segment achieved $228.7 million, slightly below the average estimate of $229.41 million, reflecting a 1.5% increase year-over-year [4] - Manufacturing & Distribution segment recorded $422.3 million, slightly below the estimate of $425.4 million, with a 7.1% year-over-year increase [4] - Technical Solutions segment reported $229.7 million, below the average estimate of $233.24 million, showing a 13.5% year-over-year growth [4] Operating Profit Analysis - Business & Industry operating profit was $79.7 million, below the estimated $83.14 million [4] - Aviation operating profit came in at $12.6 million, lower than the average estimate of $13.99 million [4] - Manufacturing & Distribution operating profit was $36.3 million, below the estimated $38.38 million [4] - Technical Solutions operating profit was $8.4 million, significantly lower than the average estimate of $19.39 million [4] - Education operating profit reached $21.6 million, exceeding the average estimate of $16.94 million [4] Stock Performance - ABM Industries' shares have returned -7.5% over the past month, compared to a -2.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Revenue grew 6.1% year-over-year to $2.2 billion, driven by 5.5% organic growth and a modest contribution from an acquisition in Ireland [14] - Net income for the quarter was $38.8 million or $0.64 per diluted share, compared to $43.6 million or $0.69 per share in the prior year [15] - Adjusted EBITDA was $117.8 million, compared to $120.6 million in the prior year [16] Business Line Data and Key Metrics Changes - B&I segment revenue was $1.1 billion, up 4% year-over-year, with operating profit of $79.7 million and a margin of 7.5% [16] - Aviation revenue grew 10% to $297.7 million, with an operating profit of $12.6 million and a margin of 4.2% [17] - M&D generated $422.3 million in revenue, a 7% increase year-over-year, with an operating profit of $36.3 million and a margin of 8.6% [19] - Education revenue rose 2% to $228.7 million, with operating profit increasing 54% to $21.6 million and margin expanding to 9.4% [20] - Technical Solutions revenue was $229.7 million, up 14% year-over-year, but faced margin decline to 3.7% due to project timing and service mix [21] Market Data and Key Metrics Changes - Demand remains generally healthy across end markets, with improving transaction volumes in prime office spaces [4] - The aviation segment is supported by resilient TSA checkpoint volumes and ongoing airport infrastructure investments [5] - The semiconductor manufacturing sector is experiencing accelerated public and private investment, with a forecast of over $1.5 trillion in fabrication facility investment through 2030 [7] Company Strategy and Development Direction - The company is focused on strengthening its semiconductor capabilities through the WGNSTAR acquisition and enhancing its service offerings in energy resiliency and mission-critical operations [7][27] - The full-year outlook remains unchanged, with expectations of organic growth of 3%-4% and total growth of 4%-5% including acquisitions [24][25] - The company is investing in AI-driven technologies to enhance operational efficiency and service delivery [11] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the operating environment, acknowledging macroeconomic uncertainties while maintaining confidence in demand across markets [12][27] - The company expects a stronger performance in the second half of the fiscal year, particularly in Technical Solutions, as project timing normalizes [22][32] Other Important Information - The company ended the quarter with total indebtedness of $1.7 billion and available liquidity of $608 million [22] - Free cash flow for the quarter was $48.9 million, representing significant improvement over the prior year [23] Q&A Session Summary Question: Impact of project timing on margins - Management confirmed that project timing issues were primarily due to weather disruptions, with confidence that delays will be resolved in upcoming quarters [30] Question: Expected trajectory for margins throughout the year - Management indicated that historically, two-thirds of operating profit in the ATS business occurs in the second half of the year, suggesting a similar pattern for the current fiscal year [32] Question: Customer behavior in B&I segment - Management noted stable customer behavior with no significant requests for pricing concessions, although a large contract exit in the UK is expected to impact revenue [37] Question: Balancing capital deployment and deleveraging - Management stated that free cash flow will be used to reduce leverage back towards the target range below 3x following the WGNSTAR acquisition [42] Question: Education segment margins sustainability - Management expressed optimism about the education segment's margin profile, although some pressure is expected in the next quarter due to weather-related school closures [75] Question: Update on restructuring process - Management confirmed that the $35 million restructuring project was completed last year, with benefits expected to roll through the first half of the current year [84]