Exhibit 99.1 ABM REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND RAISES OUTLOOK FOR FISCAL YEAR 2024 ADJUSTED EPS • Revenue up 3.3% to $2.1 billion, including organic growth of 2.8% • Net income of $4.7 million and GAAP EPS of $0.07, each down 95%, largely reflecting the increased likelihood of a cash earn-out payment under the Ravenvolt acquisition agreement • Adjusted net income of $59.5 million and Adjusted EPS of $0.94, up 13% and 19%, respectively • Adjusted EBITDA of $128.1 million, up 2% • Raises outlo ...

Revenue up 3.3% to $2.1 billion, including organic growth of 2.8%Net income of $4.7 million and GAAP EPS of $0.07, each down 95%, largely reflecting the increased likelihood of a cash earn-out payment under the Ravenvolt acquisition agreementAdjusted net income of $59.5 million and Adjusted EPS of $0.94, up 13% and 19%, respectivelyAdjusted EBITDA of $128.1 million, up 2%Raises outlook for fiscal year 2024 Adjusted EPS to $3.48 to $3.55, from $3.40 to $3.50 (1) NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- A ...

In its upcoming report, ABM Industries (ABM) is predicted by Wall Street analysts to post quarterly earnings of $0.85 per share, reflecting an increase of 7.6% compared to the same period last year. Revenues are forecasted to be $2.04 billion, representing a year-over-year increase of 0.5%.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 ove ...

Company Announcement - ABM will release its financial results for the fiscal third quarter 2024 on September 6, 2024, before market open [1] - A quarterly conference call will be held on the same day at 8:30 AM (ET), accessible via audio webcast or by phone [1] - A supplemental presentation will accompany the webcast, and a replay will be available for three hours after the call until September 20, 2024 [1] Company Overview - ABM is one of the largest providers of integrated facility services globally, focusing on creating cleaner, healthier, and more sustainable environments [2] - The company offers a wide range of services including janitorial, engineering, parking, electrical & lighting, energy solutions, HVAC & mechanical, landscape & turf, and mission-critical solutions [2] - Founded in 1909, ABM has annualized revenue exceeding $8 billion and employs over 100,000 team members across more than 350 offices in the US, UK, and other international locations [2]

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. ABM Industries (ABM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.ABM Industries is one of 316 companies in the Business Services group. The Business Services group currently sits at #6 within the ...

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, is pleased to announce it has recently been awarded a NASPO ValuePoint® contract for electric vehicle (EV) charging infrastructure. This important contract authorizes ABM to offer its industry-leading, single-source EV charging infrastructure solutions to state and local government and educational entities across the nation more efficiently and c ...

Investors in ABM Industries Incorporated (ABM) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $30 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It coul ...

Core Insights - ABM has been recognized as one of Selling Power Magazine's 60 Best Companies to Sell For in 2024, marking the third consecutive year on this list, which highlights companies excelling in sales culture [1][2] - The company's ELEVATE strategy focuses on enhancing client and team member experiences, contributing to record sales in the first half of fiscal 2024 [2] - ABM's comprehensive services span various industries, with annualized revenue exceeding $8 billion and a workforce of over 100,000 team members [4] Company Overview - ABM is a leading provider of integrated facility services, infrastructure solutions, and parking management, serving over 20,000 clients globally [4] - The company offers a wide range of services including janitorial, engineering, parking, electrical, HVAC, and more, catering to diverse sectors such as commercial buildings, universities, and hospitals [4] - Founded in 1909, ABM operates in over 350 offices across the United States, United Kingdom, Republic of Ireland, and other international locations [4]

ABM Industries (ABM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a chan ...

Core Viewpoint - ABM Industries has acquired Quality Uptime Services for $119 million, enhancing its capabilities in the critical power services sector and positioning itself for growth in the data center market driven by artificial intelligence investments [1][4]. Company Overview - ABM Industries is a leading provider of integrated facility solutions, serving over 20,000 clients with annualized revenue exceeding $8 billion and a workforce of more than 100,000 employees across 350+ offices [5]. - Quality Uptime Services specializes in uninterrupted power supply (UPS) maintenance and battery maintenance, with a strong focus on mission-critical data centers and a client base that spans multiple industries [6]. Acquisition Details - The acquisition of Quality Uptime is expected to double ABM's mission critical-related revenue in the first full year, reflecting the growing demand for data center infrastructure [4]. - Quality Uptime will maintain its brand identity while integrating ABM's resources to enhance service offerings and expand customer reach [2][3]. Service Expansion - With the addition of Quality Uptime, ABM's Mission Critical Solutions group will provide a comprehensive range of services, including electrical testing, UPS service and maintenance, and power distribution unit service, complementing existing offerings in microgrid design and critical cooling [3].