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 ...

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 Y ...

Core Insights - Peter Lynch is recognized as one of the greatest investors, achieving a 29% compounded annual growth rate (CAGR) during his tenure at Fidelity Magellan, growing assets from $20 million to $14 billion [1] - Lynch's investment philosophy focused on growth-oriented stocks at reasonable prices, contrasting with Warren Buffett's classic value investing approach [1] - Both Lynch and Buffett shared a buy-and-hold philosophy, aiming to hold stocks for extended periods [1] Company Summaries ABM Industries (ABM) - ABM Industries is a janitorial supplies and facilities management company with a history of 115 years, characterized as a steady growth company [3] - The company reported a 4% revenue growth in its first quarter, all from organic growth, with adjusted earnings per share increasing by 9% year over year [3] - Management raised its full-year earnings guidance to a range of $3.30 to $3.45 per share, up from $3.20 to $3.40 per share [3] - ABM has increased its dividend for 55 consecutive years, yielding 1.9% with a free cash flow payout ratio of 30%, indicating potential for future dividend growth [4] ACM Research (ACMR) - ACM Research specializes in wafer fabrication equipment, providing advanced cleaning technologies for chip processing [5] - The wafer fabrication equipment market is currently declining, with a 10% revenue drop last year and an expected 4% decline this year [5] - Despite a 20% loss in stock value over the past two years, forecasts indicate a significant recovery in 2025 with 10% growth driven by increased semiconductor demand [6] - ACMR derives 45.5% of its sales from Chinese chip companies, with major customers including Semiconductor Manufacturing International and other significant players in the Asian market [6] Toyota Motor (TM) - Toyota is the largest automobile manufacturer globally and is increasingly recognized as a significant player in the electric vehicle (EV) market [7] - The company has focused on hybrid vehicles, becoming the global leader in hybrid sales, while other manufacturers are shifting back to hybrids from battery electric vehicles [8] - Toyota's stock is considered undervalued, trading at less than 10 times trailing earnings and at a fraction of its sales, presenting a strong investment opportunity [8]

ABM Industries (ABM) is one of the world’s largest facility services and solutions providers. It has performed exceptionally well over the past three months and has the potential to sustain its momentum in the near term. Consequently, if you have not taken advantage of the share price appreciation yet, it is time for you to add the stock to your portfolio.What Makes ABM an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the past t ...

Core Points - ABM's President and CEO, Scott Salmirs, has been recognized as the number one Role Model on the Empower Advocates 2024 list for promoting inclusivity in business for the second consecutive year [1] - ABM is noted for having one of the most diverse workforces among public companies on the New York Stock Exchange, with a strong commitment to fostering an inclusive workplace [1] - The company has implemented various initiatives, including the Culture & Inclusion Council and Employee Resource Groups, to support diverse talent and corporate responsibility [1] Company Overview - ABM is a leading provider of integrated facility services and solutions, with annualized revenue exceeding $8 billion and over 100,000 team members [1] - The company serves a wide range of industries, including commercial office buildings, universities, airports, hospitals, and more, with operations in the United States, United Kingdom, Republic of Ireland, and other international locations [1] - Founded in 1909, ABM has a comprehensive service offering that includes janitorial, engineering, parking, electrical, HVAC, and mission-critical solutions [1]