NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, is pleased to announce it has recently been awarded a NASPO ValuePoint® contract for electric vehicle (EV) charging infrastructure. This important contract authorizes ABM to offer its industry-leading, single-source EV charging infrastructure solutions to state and local government and educational entities across the nation more efficiently and c ...

Investors in ABM Industries Incorporated (ABM) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $30 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It coul ...

Core Insights - ABM has been recognized as one of Selling Power Magazine's 60 Best Companies to Sell For in 2024, marking the third consecutive year on this list, which highlights companies excelling in sales culture [1][2] - The company's ELEVATE strategy focuses on enhancing client and team member experiences, contributing to record sales in the first half of fiscal 2024 [2] - ABM's comprehensive services span various industries, with annualized revenue exceeding $8 billion and a workforce of over 100,000 team members [4] Company Overview - ABM is a leading provider of integrated facility services, infrastructure solutions, and parking management, serving over 20,000 clients globally [4] - The company offers a wide range of services including janitorial, engineering, parking, electrical, HVAC, and more, catering to diverse sectors such as commercial buildings, universities, and hospitals [4] - Founded in 1909, ABM operates in over 350 offices across the United States, United Kingdom, Republic of Ireland, and other international locations [4]

ABM Industries (ABM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a chan ...

Core Viewpoint - ABM Industries has acquired Quality Uptime Services for $119 million, enhancing its capabilities in the critical power services sector and positioning itself for growth in the data center market driven by artificial intelligence investments [1][4]. Company Overview - ABM Industries is a leading provider of integrated facility solutions, serving over 20,000 clients with annualized revenue exceeding $8 billion and a workforce of more than 100,000 employees across 350+ offices [5]. - Quality Uptime Services specializes in uninterrupted power supply (UPS) maintenance and battery maintenance, with a strong focus on mission-critical data centers and a client base that spans multiple industries [6]. Acquisition Details - The acquisition of Quality Uptime is expected to double ABM's mission critical-related revenue in the first full year, reflecting the growing demand for data center infrastructure [4]. - Quality Uptime will maintain its brand identity while integrating ABM's resources to enhance service offerings and expand customer reach [2][3]. Service Expansion - With the addition of Quality Uptime, ABM's Mission Critical Solutions group will provide a comprehensive range of services, including electrical testing, UPS service and maintenance, and power distribution unit service, complementing existing offerings in microgrid design and critical cooling [3].

Core Insights - ABM Industries Incorporated (ABM) has experienced a 22.5% appreciation in the past year, indicating strong market performance [1] Strategic Initiatives - ABM's ELEVATE strategy aims to enhance transparency and efficiencies for clients, develop talent management capabilities, expand data usage, and modernize the digital ecosystem, which is expected to accelerate organic growth and improve profitability [1] - The acquisition of RavenVolt is part of the ELEVATE strategy, expanding ABM's Technical Solutions service offerings and strengthening its position in EV infrastructure and energy solutions markets [2] - The acquisition of Momentum Support enhances ABM's presence in fast-growing markets in Ireland, providing access to a blue-chip customer base and opportunities for cross-selling services [2] Financial Performance - ABM has demonstrated a commitment to shareholder returns, paying dividends of $57.5 million, $51.9 million, and $51 million in fiscal years 2023, 2022, and 2021, respectively [3] - The company returned $138.1 million and $97.5 million through share repurchases in fiscal years 2023 and 2022, respectively [3] - ABM's earnings have surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 7% [3] Market Position - ABM currently holds a Zacks Rank of 3 (Hold), indicating a stable market position [4] - Comparatively, Booz Allen Hamilton has a Zacks Rank of 2 (Buy) with a long-term earnings growth expectation of 14% and an average earnings surprise of 12.5% [4] - SPX Technologies, Inc. holds a Zacks Rank of 1 (Strong Buy) with a long-term earnings growth expectation of 18% and an average earnings surprise of 13.9% [4]

Despite signs of cooling inflation, the measure is still well above the Fed’s 2% target. In fact, Fed Chairman Jerome Powell recently indicated just one cut for 2024. In March, the Fed had hinted at three rate cuts for the year.The latest stance implies that rates will remain high for longer than anticipated and push up the cost of borrowing. Despite the high interest rate-induced uncertainty, investors would want to design a portfolio that fetches handsome returns. For this, proper guidance from investment ...

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. The margin is critical to this investment as it drives significant cash flow, allowing for self-funded expansion, ultra-safe dividends, distribution growth, and share repurchases. ABM Industries TodayABMABM Industries$50.07 -0.87 (-1.71%) 52-Week Range$37.61▼$53.05Dividend Yield ...

Core Insights - ABM has secured a 5-year, $25 million contract to provide janitorial services for the City of Phoenix's three airports, covering 4.8 million square feet [1][2] - The partnership aims to enhance traveler experience and operational efficiency while promoting environmentally sustainable practices [1][3] - Phoenix Sky Harbor International Airport is recognized for its cleanliness and customer satisfaction, serving nearly 49 million travelers annually [2] Company Overview - ABM is a leading provider of integrated facility services, with annualized revenue exceeding $8 billion and over 100,000 employees [4] - The company offers a wide range of services including janitorial, engineering, parking, and energy solutions, serving various industries [4] - Founded in 1909, ABM operates in over 350 offices across the United States and internationally [4]

Core Insights - ABM has announced the evolution of its ABM Vantage platform through a strategic partnership with Rezcomm, aimed at enhancing parking technology solutions for various industries [1][2] Group 1: ABM Vantage Platform - The ABM Vantage platform, launched in 2022, consolidates parking data, maximizes revenue, and improves operational efficiency while enhancing the driver experience [2] - The partnership with Rezcomm will allow for rapid scaling of the ABM Vantage platform, maintaining a tech-agnostic approach to meet the evolving needs of drivers and parking operators [2][3] Group 2: Key Features of Enhanced ABM Vantage - The integration of Rezcomm's advanced reservation systems will provide comprehensive solutions for seamless parking management, improving the overall parking experience for drivers [2][3] - New data analytics capabilities will enable parking operators to access real-time data and predictive insights, facilitating data-driven decision-making and revenue optimization [3] - Enhanced customer engagement tools will allow for personalized experiences and targeted communication, including promotions and mobile payment options [3] Group 3: Sustainability and Modular Approach - The enhanced ABM Vantage platform will feature over 50 interconnected modules designed to improve guest experience and operational efficiency, allowing for tailored service packages [4] - The partnership emphasizes sustainability by integrating eco-friendly practices, such as electric vehicle charging infrastructure, into the parking solutions [4]