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ABM Industries(ABM) - 2025 Q3 - Earnings Call Presentation
2025-09-05 12:30
Financial Performance - Revenue reached $2.2 billion, with organic growth of 5%[7] - Net income was $41.8 million, while adjusted net income was $51.7 million[7] - Adjusted EBITDA stood at $125.8 million, with an adjusted EBITDA margin of 5.9%[7] - Free cash flow was $150.2 million, a sequential increase of $135.0 million[7] - The company repurchased 555,000 shares in Q3 for $27.1 million at an average cost of $48.77[32] Segment Performance - Business & Industry (B&I) revenue was $1,038.7 million, a 2.8% increase[19] - Aviation revenue was $235.1 million, up 8.7%[25] - Manufacturing & Distribution (M&D) revenue reached $249.5 million, an 8.4% increase[27] - Education revenue was $408.9 million, a 3.0% increase[23] - Technical Solutions revenue was $291.8 million, a 19.0% increase[20] Strategic Initiatives - New bookings for the first nine months of 2025 totaled $1.5 billion, a 15% increase[7] - A restructuring program was initiated after the quarter, expected to yield a minimum of $35 million in annual run-rate savings[7] - The board approved a $150 million increase in share repurchase authorization[7] - Total indebtedness was $1.6 billion, with a leverage ratio of 2.8x[32]