ABM Industries (ABM) Stock Rises 22.5% in a Year: Here's How

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]