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 a diverse range of clients [1][2] - The partnership will be showcased at the 2024 IPMI Parking & Mobility Expo, highlighting the collaborative efforts to improve parking management and customer experience [1][2] Company Overview - ABM is a leading provider of facility services, infrastructure, and eMobility solutions, serving over 20,000 clients across various industries with annualized revenue exceeding $8 billion [5] - Rezcomm specializes in technology solutions for the airport and parking industry, offering a comprehensive platform that integrates reservations, ecommerce, and data management [6] ABM Vantage Platform Enhancements - The ABM Vantage platform, launched in 2022, consolidates parking data and maximizes revenue while improving operational efficiencies and driver experiences [2] - The partnership with Rezcomm will enhance the platform's capabilities, allowing for rapid scaling and customization to meet the evolving needs of parking operators and drivers [2][3] Key Features of the Enhanced ABM Vantage - Integration of advanced parking reservation systems and mobile applications to streamline parking management and improve real-time space availability for drivers [2][3] - Introduction of powerful data analytics capabilities, providing parking operators with real-time data and predictive insights for better decision-making and revenue optimization [3] - Enhanced customer engagement tools that allow for personalized experiences, including tailored promotions and mobile payment options [3][4] - Over 50 interconnected modules designed to improve guest experience and operational efficiency, allowing for tailored service packages [4] - Commitment to sustainability by integrating eco-friendly practices, such as electric vehicle charging infrastructure, into the parking solutions [4]

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8929 ABM INDUSTRIES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 94-13 ...

ABM Industries (ABM) reported $2.02 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 1.7%. EPS of $0.87 for the same period compares to $0.90 a year ago.The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $2 billion. With the consensus EPS estimate being $0.78, the EPS surprise was +11.54%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.54%. A quarter ago, it was expected that this provider of cleaning and other maintenance services for commercial buildings, hospitals and airports would post earnings of $0.72 per share when it actually produced e ...

Exhibit 99.1 ABM REPORTS SECOND QUARTER FISCAL 2024 RESULTS AND RAISES OUTLOOK FOR FISCAL YEAR 2024 ADJUSTED EPS • Revenue up 2% to $2.0 billion, all organic growth • Net income of $43.8 million and GAAP EPS of $0.69, declines of 16% and 12%, respectively • Adjusted EBITDA of $125.3 million, down 9% • Adjusted EPS of $0.87, down 3% • Operating cash flow of $117.0 million and free cash flow of $101.4 million, both up significantly • Raises outlook for fiscal year 2024 adjusted EPS to $3.40 to $3.50, up from ...

Revenue up 2% to $2.0 billion, all organic growthNet income of $43.8 million and GAAP EPS of $0.69, declines of 16% and 12%, respectivelyAdjusted EBITDA of $125.3 million, down 9%Adjusted EPS of $0.87, down 3%Operating cash flow of $117.0 million and free cash flow of $101.4 million, both up significantlyRaises outlook for fiscal year 2024 adjusted EPS to $3.40 to $3.50, up from $3.30 to $3.45 (1) NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, today an ...

Wall Street analysts expect ABM Industries (ABM) to post quarterly earnings of $0.78 per share in its upcoming report, which indicates a year-over-year decline of 13.3%. Revenues are expected to be $2 billion, up 0.8% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company announces its ea ...

Core Insights - ABM has been recognized by Barron's as one of the 100 Most Sustainable Companies for 2024, marking the second consecutive year on this prestigious list [1][2] - The recognition highlights ABM's commitment to environmental sustainability and innovative solutions that support client sustainability and carbon neutrality plans [2] Company Overview - ABM is a leading provider of integrated facility services, infrastructure solutions, and parking management, serving over 20,000 clients with annualized revenue exceeding $8 billion [3] - The company operates in the U.S., U.K., and Ireland, offering a wide range of services including janitorial, engineering, parking, electrical and lighting, energy and electric vehicle charging infrastructure, HVAC, and more [3] Sustainability Initiatives - ABM has implemented various sustainability initiatives such as on-site renewable electricity generation, energy-reducing facility upgrades, electric vehicle charging infrastructure, and zero-waste certification support [2] - The evaluation for the Barron's list involved analyzing over 230 sustainability performance indicators across five key constituencies: shareholders, employees, customers, community, and the planet [2]

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility services, infrastructure solutions, and parking management today announced a 10-year partnership with Utica University to help transform its campus-wide facilities management operations and create engaging and sustainable spaces for students, faculty and staff. As one of the largest providers of higher education facility solutions in the United States, ABM will bring its industry-leading expertise to the Utica, New Yo ...