ABM Industries(ABM)
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ABM Reports Fiscal Third Quarter 2025 Results and Comments on Fiscal 2025 Outlook
Globenewswire· 2025-09-05 10:58
Core Insights - ABM reported a strong fiscal third quarter with a revenue increase of 6.2% year-over-year, reaching $2.2 billion, driven by 5.0% organic growth and 1.2% from acquisitions [3][6][34] - The company secured over $1.5 billion in new bookings, marking a 15% increase year-over-year, indicating a robust pipeline for future growth [2][3] - Net income rose significantly to $41.8 million, or $0.67 per diluted share, compared to $4.7 million, or $0.07 per diluted share in the prior year [4][6][34] Financial Performance - Adjusted net income was $51.7 million, or $0.82 per diluted share, slightly down from $53.6 million, or $0.84 per diluted share in the previous year [5][6] - Adjusted EBITDA increased to $125.8 million, maintaining a margin of 5.9% [5][6] - Operating cash flow surged by 120.1% to $175.0 million, while free cash flow increased by 134.3% to $150.2 million [6][8] Segment Performance - Technical Solutions and Aviation segments led revenue growth, with increases of 19% and 9% respectively [3][34] - Manufacturing & Distribution grew by 8% due to new client wins, while Business & Industry and Education segments both saw a 3% increase [3][34] - The company noted slower recovery in some commercial office markets, particularly in select West Coast, Midwest, and Mid-Atlantic areas [2][3] Strategic Initiatives - ABM launched a restructuring program aimed at improving operational efficiency, expected to generate approximately $35 million in annualized cost savings [9][10] - The company is actively investing in AI capabilities and client-facing resources to drive higher growth and improved margins over time [2][9] - Share repurchase activities included the repurchase of approximately 1.5 million shares year-to-date, reflecting confidence in the company's strategic direction [12][13] Outlook - For the full fiscal year, ABM expects adjusted EPS to be toward the low end of the outlook range of $3.65 to $3.80 [15] - The company anticipates improved adjusted EPS and margin results in the fourth quarter, driven by restructuring benefits and strong performance in the ATS segment [2][15]
ABM Industries: An Upgrade Is Now Justified
Seeking Alpha· 2025-08-25 14:41
Company Overview - ABM Industries (NYSE: ABM) is a provider of services such as janitorial services and facilities management [1] Industry Insights - Crude Value Insights focuses on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects [1] Subscriber Benefits - Subscribers have access to a 50+ stock model account, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [2] Promotional Offer - A two-week free trial is available for new subscribers, providing an opportunity to explore the oil and gas investment service [3]
ABM to Announce Third Quarter 2025 Financial Results
Globenewswire· 2025-08-22 20:05
Core Points - ABM will release its financial results for the fiscal third quarter of 2025 on September 5, 2025, before market open [1] - A quarterly conference call will be held on the same day at 8:30 AM (ET) for interested parties [2] - The company provides a wide range of facility solutions and has over $8 billion in annual revenue [5] 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 who deliver essential services to enhance the occupant experience [4] - ABM serves various market sectors, including commercial real estate, aviation, mission critical, and manufacturing and distribution [5] Financial Information - The financial results will be accessible via a live audio webcast and a supplemental presentation will accompany it [2] - A replay of the conference call will be available approximately three hours after the live event and can be accessed until September 19, 2025 [3]
August Dividend Kings: 3 Ideal Buys In 25 'Safer' Of 50 Dogs
Seeking Alpha· 2025-08-09 15:52
Group 1 - The article discusses the periodic updates of lists related to Dividend Kings by The Motley Fool and SureDividend, indicating a focus on companies with a strong history of dividend payments [1] - Kiplinger has also featured a recent selection of Dividend Kings, suggesting that these companies are recognized for their reliability in dividend distribution [1] Group 2 - The Dividend Dogcatcher offers subscription services for more detailed information on dividend stocks, highlighting the importance of staying informed about potential investment opportunities [2] - The Underdog Daily Dividend Show, hosted by Fredrik Arnold, showcases portfolio candidates, emphasizing the engagement of investors in identifying promising stocks [2]
22 Dividend Kings At Discounted Valuations
Seeking Alpha· 2025-07-27 16:14
Group 1 - Dividend kings are companies that have increased their dividends for 50 consecutive years or more, showcasing a strong commitment to returning capital to shareholders through cash distributions [1] - The focus on high-quality and reliable dividend growth investments aims to build growing income for investors, emphasizing stability and long-term wealth creation [1] Group 2 - The service offers ideas for writing options to further enhance investors' income [1] - Membership provides access to a portfolio, watchlist, and live chat, along with exclusive articles not available elsewhere [2]
HSF ANNOUNCES NEW PARTNERSHIP WITH ABM INDUSTRIES
GlobeNewswire News Room· 2025-07-16 19:19
Partnership Renewal - HSF has renewed its partnership with ABM Industries, with ABM committing an annual support of $50,000 [1][2] - This investment highlights ABM's dedication to education and workforce development, aligning with HSF's mission to provide resources for higher education [2][3] Impact on HSF Programs - ABM's contributions will enhance HSF's support services, including leadership development, career guidance, and community engagement, which are crucial for student success [2][3] - The partnership allows HSF to expand its reach and impact, ensuring students nationwide receive necessary guidance and tools for academic and professional success [3] About HSF - HSF, founded in 1975, focuses on empowering students and parents with resources for higher education, having awarded over $756 million in scholarships [4] - The organization aims to prioritize college education for families and provides a range of support services for students and alumni [4] About ABM - ABM is a leading provider of integrated facility, engineering, and infrastructure solutions, with over $8 billion in annual revenue and a workforce of over 100,000 [5] - The company serves various sectors, including commercial real estate and aviation, and is committed to creating smarter, more connected spaces [5]
ABM Among 60 Best Companies to Sell For 2025
Globenewswire· 2025-07-11 12:00
Group 1 - ABM has been recognized on Selling Power Magazine's list of 60 Best Companies to Sell For 2025, marking the fourth consecutive year of this recognition [1] - The company achieved record-breaking bookings of $1.1 billion in the first half of its fiscal year, reflecting its commitment to sales excellence [1] - Over 200 companies were analyzed for this recognition, highlighting the competitive nature of the sales culture in the industry [1] Group 2 - ABM is one of the largest providers of integrated facility, engineering, and infrastructure solutions, with over 100,000 team members delivering essential services [2] - The company serves various market sectors, including commercial real estate, aviation, education, mission critical, and manufacturing and distribution, generating over $8 billion in annual revenue [3] - ABM focuses on innovative technologies and sustainable solutions to enhance facilities and empower clients, aiming to create smarter, more connected spaces [3]
Buy 3 IDEAL Dividend Kings Of 25 'Safer' In July's 55
Seeking Alpha· 2025-07-04 09:37
Group 1 - The article discusses the importance of identifying and supporting underdog stocks, encouraging readers to share their favorite and least favorite stock tickers for future reports [1] - The Dividend Dog Catcher group leader shares at least one new dividend stock idea weekly, focusing on yield or extraordinary financial circumstances, with all ideas archived for future reference [2] - The article emphasizes that past performance does not guarantee future results and that no specific investment recommendations are provided [3]
Is the Options Market Predicting a Spike in ABM Industries Stock?
ZACKS· 2025-06-30 15:11
Group 1 - The stock of ABM Industries Incorporated (ABM) is experiencing significant attention due to high implied volatility in the options market, particularly for the Jul 18, 2025 $25 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in ABM's stock price, potentially due to an upcoming event [2] - Currently, ABM Industries holds a Zacks Rank 3 (Hold) in the Business - Services industry, which is in the top 28% of the Zacks Industry Rank, but analysts have not increased earnings estimates for the current quarter, with a downward revision from 98 cents to 96 cents per share [3][4] Group 2 - The high implied volatility surrounding ABM Industries may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]
ABM Partners with Miami-Dade County to Deliver Integrated Facility Solutions at Miami International Airport
Globenewswire· 2025-06-17 12:00
Core Insights - ABM has entered a five-year partnership valued at approximately $125 million with Miami-Dade County to provide comprehensive services at Miami International Airport (MIA) [3][4] - The partnership includes the deployment of ABM Connect, a technology and data intelligence platform aimed at enhancing passenger experience and operational efficiency [3][5] - This agreement supports MIA's Modernization in Action Plan, focusing on data-driven service models and long-term infrastructure goals [4][5] Company Impact - The partnership will create over 250 new jobs, expanding ABM's existing workforce of over 1,300 in the Greater Miami and Gold Coast region [6] - ABM will collaborate with local Disadvantaged Business Enterprise (DBE) partners to contribute to economic empowerment and local representation in Miami-Dade County [7] Industry Position - Securing this contract reinforces ABM's position as a trusted partner for major airports, particularly in the U.S. aviation sector [9] - MIA is recognized as a vital gateway for international and domestic travel, being the second busiest international airport in the U.S. and the tenth busiest overall [12]