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 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]

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]

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 ...