The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe ...

baona/iStock via Getty Images Although the clock has not struck midnight on New Year's Eve yet, we already have our first batch of dividend increases for 2024. Let me be the first to wish you a Happy New Year! Dividend King ABM Industries extends its 56-year streak with a 2.3% increase. As a dividend-growth investor, I can't get enough of my dividends. Receiving dividend checks is one of the great joys of investing life. Not only that, but companies that consistently increase their payouts perform signi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2023 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 94-1369354 ...

ABM Industries Incorporated (NYSE:ABM) Q4 2023 Earnings Call Transcript December 13, 2023 8:30 AM ET Company Participants Paul Goldberg - Head of IR Scott Salmirs - President and CEO Earl Ellis - EVP and CFO Conference Call Participants Jasper Bibb - Truist Faiza Alwy - Deutsche Bank Andy Wittmann - Baird Josh Chan - UBS Sam Kusswurm - William Blair David Silver - CL King Marc Riddick - Sidoti Operator Greetings and welcome to the ABM Industries Fourth Quarter 2023 Earnings Conference Call. At this time, al ...

Fourth Quarter 2023 Earnings Presentation December 13, 2023 Forward Looking Statements This press release contains both historical and forward-looking statements about ABM Industries Incorporated (“ABM”) and its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”). We make forward-looking statements related to future expectations, estimates and projections that are uncertain, and often contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” ...

Financial Data and Key Metrics Changes - Third quarter revenue increased by 3.4% to $2 billion, with organic growth of 2.5% [5][20] - Net income rose to $98.1 million or $1.47 per diluted share, up 73% year-over-year, driven by employee retention credits and fair value adjustments [20] - Adjusted net income decreased by 16% to $52.8 million, with adjusted EPS at $0.79 [21] - Adjusted EBITDA was flat at $125.3 million, with a margin of 6.4% compared to 6.6% last year [21] Business Line Data and Key Metrics Changes - Business and Industry (B&I) revenue declined by 1% to $1 billion, with operating profit down to $78.9 million and margin at 7.7% [22] - Aviation revenue grew by 17% to $238 million, marking nine consecutive quarters of growth, with operating profit at $11.7 million and margin at 4.9% [22] - Manufacturing and Distribution (M&D) revenue increased by 7% to $381.9 million, with operating profit at $38.1 million and margin at 10% [23] - Education revenue rose by 6% to $219.1 million, with operating profit up 10% to $15.9 million and margin at 7.3% [23] - Technical Solutions revenue grew by 6% to $167.9 million, but faced challenges with project delays and market softness [24] Market Data and Key Metrics Changes - Office density rates remained around 50%, with expectations for gradual increases as clients mandate more in-office work [6][7] - The aviation market continues to see strong demand due to pent-up travel needs, with service volumes exceeding pre-pandemic levels [9] - Manufacturing and distribution segments benefited from e-commerce and logistics clients, with strong growth opportunities in semiconductor and biopharma markets [10] Company Strategy and Development Direction - The company is focused on navigating challenges in commercial real estate with a flexible labor model and strategic investments in high-growth markets [18] - The ELEVATE initiative aims to enhance technology and operational efficiency, with significant progress reported in the education segment [16] - The company anticipates some revenue pressure in 2024 due to softness in the commercial office sector but remains committed to long-term growth [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of macroeconomic factors, including interest rates and hybrid work models, on the commercial real estate market [32][40] - The company expects adjusted EPS for 2024 to be slightly down from 2023, primarily due to pressures in the B&I segment [19][60] - Management remains optimistic about the long-term potential of the Technical Solutions segment, particularly in EV charging and microgrid services [15][24] Other Important Information - The company ended Q3 with total debt of $1.4 billion and available liquidity of $582.6 million [25] - Free cash flow for the quarter was strong at $138 million, with share repurchases totaling $27.1 million [25] Q&A Session Summary Question: Expectations for commercial real estate market and ELEVATE goals - Management indicated that the structural shift in commercial real estate may push out ELEVATE goals by a couple of years but remains committed to achieving targets [32] Question: Status of Technical Solutions projects - No cancellations reported; delays are due to permitting and utility issues, with projects expected to proceed [34] Question: Impact of interest rates and project delays - Interest rates have plateaued, and while some projects are delayed, the company remains optimistic about future growth in Technical Solutions [38] Question: Revenue pressure in M&D segment - Revenue compression expected due to a large client's rebid process, but overall growth in M&D is still anticipated [43] Question: Labor market conditions - Positive signs in labor market participation, but wage inflation remains a challenge [56] Question: Clarification on EPS outlook - EPS may be impacted by the mix of business, particularly with B&I being a significant portion of revenue [59]

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 July 31, 2023 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 94-136 ...

ABM Industries Incorporated (NYSE:ABM) Q2 2023 Earnings Call Transcript June 6, 2023 8:30 AM ET Company Participants Paul Goldberg - SVP, IR Scott Salmirs - President and CEO Earl Ellis - EVP and CFO Conference Call Participants Sean Eastman - KeyBanc Capital Markets Justin Hauke - Baird Faiza Alwy - Deutsche Bank David Silver - CL King & Associates Tim Mulrooney - William Blair Operator Greetings, and welcome to the ABM Industries Second Quarter 2023 Earnings Call. At this time, all participants are in a l ...

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, 2023 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 ...

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 January 31, 2023 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- ...