Financial Performance - Fourth quarter revenue reached a record $2.3 billion, an increase of 5.4% year-over-year, with organic growth contributing 4.8%[4] - Net income for the quarter was $34.8 million, or $0.56 per diluted share, compared to a net loss of $(11.7) million, or $(0.19) per share in the prior year[7] - Adjusted EBITDA for the quarter was $124.2 million, with an adjusted EBITDA margin of 5.6%, compared to $125.6 million and 6.0% in the prior year[9] - Full year fiscal 2025 revenue was $8.7 billion, a 4.6% increase over the prior year, driven by 3.8% organic growth and 0.8% from acquisitions[12] - Revenues for the three months ended October 31, 2025, were $2,295.3 million, representing a 5.4% increase from $2,177.3 million in the same period of 2024[33] - For the fiscal year ended October 31, 2025, total revenues reached $8,745.9 million, up 4.6% from $8,359.4 million in 2024[34] - Total revenues for the three months ended October 31, 2025, increased by 5.4% to $2,295.3 million compared to $2,177.3 million in the same period of 2024[38] - For the fiscal year ended October 31, 2025, total revenues increased by 4.6% to $8,745.9 million from $8,359.4 million in 2024[39] Profitability - Operating profit for the same period was $68.4 million, a significant increase from $19.2 million in the prior year, indicating a notable improvement in operational efficiency[33] - The company reported an operating profit of $311.7 million for the fiscal year 2025, a 47.0% increase from $212.0 million in 2024[34] - Net income for the fiscal year 2025 was $162.4 million, a 99.6% increase from $81.4 million in 2024[39] - The segment operating margin for the three months ended October 31, 2025, improved to 8.2%, up from 7.9% in the same period of the previous year[38] - The company incurred $27.9 million in items impacting comparability for the three months ended October 31, 2025, compared to $77.5 million in the same period of 2024[41] Cash Flow and Investments - Net cash provided by operating activities for the three months ended October 31, 2025, was $133.4 million, significantly higher than $30.3 million in the same period of 2024[36] - Free cash flow for the three months ended October 31, 2025, reached $112.7 million, compared to $15.5 million in the same period of 2024[42] - Total cash used in investing activities for the fiscal year 2025 was $115.6 million, a decrease from $171.9 million in 2024, indicating a more conservative investment approach[36] - The company reported additions to property, plant, and equipment of $20.7 million for the three months ended October 31, 2025, up from $14.8 million in 2024[42] Shareholder Returns - The Board approved a 9% increase in the quarterly dividend to $0.29 per common share, marking the 58th consecutive year of annual dividend increases[19] - The company declared dividends of $0.265 per common share for the three months ended October 31, 2025, compared to $0.225 in the same period of 2024[33] - The company repurchased $73.0 million of common stock in the fourth quarter and $121.3 million for the full year, reducing outstanding shares by 4%[4] Debt and Liquidity - The company ended the quarter with total indebtedness of $1.6 billion and a leverage ratio of 2.7x, with available liquidity of $681.6 million[17] - Current liabilities decreased to $1,305.7 million in 2025 from $1,348.4 million in 2024, reflecting improved financial management[37] - Interest expense for the fiscal year 2025 was $96.4 million, up from $85.0 million in 2024, reflecting increased borrowing costs[34] Future Outlook - For fiscal 2026, adjusted EPS is projected to be in the range of $3.85 to $4.15, excluding any potential prior year self-insurance adjustments[20] - Organic revenue growth for fiscal 2026 is expected to be between 3% to 4%, with an additional point of growth anticipated from the WGNSTAR acquisition[20] Operational Efficiency - The company incurred costs associated with restructuring programs aimed at improving operational efficiency[44] - Discrete transformational costs for developing technological needs amounted to significant investments in new systems and tools[45] - The company revised its non-GAAP financial measures to include prior year self-insurance adjustments for better comparability[43] Taxation - The tax impact for FY2025 was calculated using a federal and state statutory rate of 27.72%[47]

Core Insights - ABM reported record quarterly revenue of $2.3 billion for Q4 2025, reflecting a 5.4% increase year-over-year, driven by 4.8% organic growth and contributions from acquisitions [2][4][10] - The company achieved a full-year revenue of $8.7 billion, marking a 4.6% increase from the previous year, with all segments showing organic growth [10][11] - Adjusted EPS for Q4 was $0.88, unchanged from the previous year, while adjusted EBITDA was $124.2 million, slightly down from $125.6 million [4][8][12] Financial Performance - Q4 net income was $34.8 million, or $0.56 per diluted share, a significant improvement from a net loss of $(11.7) million in the prior year [4][6] - Full-year net income reached $162.4 million, or $2.59 per diluted share, compared to $81.4 million, or $1.28 per diluted share, in the previous year [11][12] - Adjusted EBITDA margin for Q4 was 5.6%, down from 6.0% in the prior year, impacted by prior year self-insurance adjustments [8][12] Segment Performance - Technical Solutions led revenue growth with a 16% increase, followed by Manufacturing & Distribution at 8%, and Aviation at 7% [5][10] - Business & Industry and Education segments each reported 2% revenue growth, demonstrating resilience in their respective markets [10][11] - For the full year, Technical Solutions grew 10%, Aviation 8%, Manufacturing & Distribution 4%, and both Business & Industry and Education 2% [10][11] Shareholder Returns - The company repurchased $73.0 million of common stock in Q4 and $121.3 million for the full year, reducing the outstanding share count by 4% [2][16] - A 9% increase in the quarterly dividend was approved, raising it to $0.29 per common share, marking the 58th consecutive year of annual dividend increases [17][18] Outlook - For fiscal 2026, ABM expects organic revenue growth of 3% to 4%, with an additional point of growth anticipated from the WGNSTAR acquisition [18] - Adjusted EPS is projected to be in the range of $3.85 to $4.15, excluding impacts from prior year self-insurance adjustments [18]

Core Insights - ABM has announced a definitive agreement to acquire WGNSTAR for approximately $275 million, enhancing its position in the semiconductor and technology manufacturing markets [1][5][6] - WGNSTAR operates in the U.S. and Ireland, providing managed workforce solutions and equipment support services, generating over half of its revenue from integrated workforce programs [2][3] - The acquisition is expected to significantly expand ABM's semiconductor solutions portfolio to approximately $325 million in annual revenue, positioning it among the largest integrated service providers in North America [3][6] Transaction Overview - The acquisition will be funded through cash on hand and existing credit facilities, with the transaction expected to close in ABM's second fiscal quarter of 2026 [7] - WGNSTAR is projected to generate annual revenue of approximately $135 million in calendar 2025, with an anticipated annual growth rate of about 10% [5][6] - The acquisition is expected to be modestly dilutive to adjusted EPS in fiscal 2026 but accretive in fiscal 2027, driven by growth and synergy realization [6] Strategic Rationale - The growth potential in WGNSTAR's core services is significant, with a multi-billion-dollar addressable market that is currently underutilized [3] - The acquisition aligns with U.S. semiconductor onshoring initiatives and is supported by CHIPS Act incentives and record levels of private investment [3] - ABM aims to leverage WGNSTAR's expertise in semiconductor operations to meet the increasing demand for domestic semiconductor production [4]

Earnings Results - ABM Industries Incorporated is set to release its fourth-quarter earnings results on December 17, with analysts expecting earnings of $1.09 per share, an increase from $0.90 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.27 billion, compared to $2.18 billion a year earlier [1] Recent Developments - On October 30, ABM appointed Barry Hytinen to its Board of Directors, while shares fell by 0.9% to close at $46.64 [2] Analyst Ratings - Freedom Capital Markets analyst David Silver initiated coverage with a Buy rating and a price target of $54 [3] - UBS analyst Joshua Chan maintained a Buy rating and raised the price target from $54 to $55 [3] - Baird analyst Andrew Wittmann downgraded the stock from Outperform to Neutral, cutting the price target from $56 to $54 [3] - Truist Securities analyst Jasper Bibb upgraded the stock from Hold to Buy, increasing the price target from $55 to $58 [3] - BTIG analyst Robert Drbul initiated coverage with a Buy rating and a price target of $1,115 [3]

Group 1 - ABM Industries Incorporated is set to release its fourth-quarter earnings results on December 17, with expected earnings of $1.09 per share, an increase from $0.90 per share in the same period last year [1] - The consensus estimate for ABM's quarterly revenue is $2.27 billion, compared to $2.18 billion a year earlier [1] Group 2 - Barry Hytinen was appointed to ABM's Board of Directors on October 30, and the company's shares fell by 0.9% to close at $46.64 [2] - Analysts have varying ratings on ABM stock, with Freedom Capital Markets initiating coverage with a Buy rating and a price target of $54 [3] - UBS maintained a Buy rating and raised the price target from $54 to $55, while Baird downgraded the stock from Outperform to Neutral, cutting the price target from $56 to $54 [3] - Truist Securities upgraded the stock from Hold to Buy, increasing the price target from $55 to $58, and BTIG initiated coverage with a Buy rating and a price target of $1,115 [3]

Core Viewpoint - Analysts expect ABM Industries to report quarterly earnings of $1.10 per share, reflecting a year-over-year increase of 22.2%, with revenues projected at $2.27 billion, up 4.2% from the previous year [1]. Revenue Estimates - Revenues from Business & Industry are expected to reach $1.04 billion, indicating a year-over-year change of +1.7% [4]. - Revenues from Aviation are forecasted at $290.34 million, showing a year-over-year increase of +5% [4]. - Revenues from Education are projected to be $236.37 million, reflecting a year-over-year change of +2.8% [4]. - Revenues from Manufacturing & Distribution are estimated at $403.50 million, indicating a year-over-year change of +4.1% [5]. - Revenues from Technical Solutions are expected to arrive at $298.84 million, showing a significant year-over-year increase of +16.1% [5]. Operating Profit Estimates - Operating profit for Business & Industry is expected to be $111.70 million, compared to $72.00 million in the same quarter last year [6]. - Operating profit for Aviation is projected at $24.47 million, up from $18.60 million in the previous year [6]. - The consensus estimate for Operating profit in Manufacturing & Distribution stands at $51.21 million, compared to $40.40 million a year ago [7]. - Analysts expect Operating profit for Technical Solutions to reach $34.23 million, up from $28.00 million in the same quarter last year [7]. - The estimated Operating profit for Education is $19.40 million, contrasting with the year-ago figure of $13.10 million [8]. Stock Performance - Shares of ABM Industries have shown a return of +10.7% over the past month, outperforming the Zacks S&P 500 composite, which changed by +0.9% [8].

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Considering buying AMZN stock? Here’s what analysts think: Read This Next: Photo via Shutterstock ...

Group 1 - ABM Industries has good growth prospects due to healthy order booking and a solid backlog, providing clear visibility for growth in the coming quarters [1] - The end-markets for ABM Industries are also experiencing positive trends, which should further support the company's growth [1] Group 2 - The analyst has extensive experience in investment and research, focusing on medium-term investing strategies that aim to unlock value or capitalize on downside catalysts [1] - The analyst's sector preferences include industrial, consumer, and technology sectors, where they typically have higher conviction when investing [1]

Core Viewpoint - Aben Gold Corp. has entered into an option agreement with Kingfisher Metals Corp. for Kingfisher to acquire a 100% interest in the Forrest Kerr Project over a three-year period, involving a total commitment of CAD $2.7 million in cash and shares [1][2]. Agreement Details - The option agreement allows Kingfisher to earn 100% interest in the Forrest Kerr Project by making cash payments and issuing shares totaling CAD $2.7 million over three years [2]. - The cash payments and share issuance schedule is as follows: - On Closing Date: CAD $150,000 cash and CAD $500,000 in shares - Within 6 months: CAD $150,000 cash and CAD $500,000 in shares - Within 12 months: CAD $200,000 cash and CAD $500,000 in shares - Within 36 months: CAD $700,000 cash [3]. Project and Company Background - The Forrest Kerr Project consists of 50 mineral claims covering approximately 20,197 hectares located in the Golden Triangle of British Columbia [1]. - Kingfisher Metals Corp. is focused on copper-gold exploration in the Golden Triangle and has consolidated a significant land position in the region, including the 933 km² HWY 37 Project and the 202 km² Forrest Kerr Project [5]. - Aben Gold Corp. aims to enhance shareholder value through new discoveries and development of exploration projects in favorable jurisdictions, with its flagship project being the 7,400-hectare Justin Gold Project in Yukon [7].

Core Viewpoint - ABM is set to release its fiscal fourth quarter and full year 2025 financial results on December 17, 2025, before market open [1] Group 1: Financial Results Announcement - ABM will host a quarterly conference call on December 17, 2025, at 8:30 AM (ET) for interested parties [2] - The conference call will be accessible via audio webcast on the company's website or by phone [2] - A supplemental presentation will accompany the webcast [2] Group 2: Replay Information - A replay of the conference call will be available approximately three hours after the webcast until December 31, 2025 [3] - The replay can be accessed by phone using a specific ID [3] - A link to the archived webcast will be available on the ABM website for 90 days [3] Group 3: Company Overview - ABM is one of the largest providers of integrated facility, engineering, and infrastructure solutions globally [4] - The company employs over 100,000 team members and generates over $8 billion in annual revenue [5] - ABM serves various market sectors, including commercial real estate, aviation, and manufacturing, focusing on innovative technologies and sustainable solutions [5]