Core Insights - ABM has announced the promotions of Melanie Kirkwood Ruiz to Executive Vice President and Chief Information Officer, and Tom Gallo to Executive Vice President and Chief Strategy Officer, both reporting to Scott Salmirs, President and CEO [3][5] Group 1: Leadership Changes - Melanie Kirkwood Ruiz will lead ABM's enterprise-wide technology strategy and operations, modernizing the technology ecosystem and enhancing service delivery [6][8] - Tom Gallo will oversee corporate strategy, M&A, and sustainability, shaping ABM's long-term strategic direction and integrating various strategic elements for value creation [9][10] Group 2: Achievements and Recognition - Melanie Kirkwood Ruiz has been recognized on the Forbes CIO Next List, highlighting her impact through innovation and technology strategy [7] - ABM has made significant progress in diversifying offerings, strengthening technology capabilities, and expanding into new markets, which has been essential for the company's growth [4][5] Group 3: Company Overview - ABM is a leading provider of integrated facility, engineering, and infrastructure solutions, with over 100,000 team members and annual revenue exceeding $8 billion [11][12] - The company serves various sectors, including commercial real estate, aviation, and manufacturing, focusing on creating smarter, more connected spaces [12]

Core Insights - ABM reported a return to organic revenue growth in its Business & Industry segment, achieving 3.8% organic revenue growth and a total revenue increase of 4.6% to $2.1 billion for the second quarter of fiscal 2025 [2][4][7] - The company secured $1.1 billion in new bookings, marking an 11% year-over-year increase, indicating strong market positioning and innovation focus [2][4] - Adjusted net income rose to $54.1 million, or $0.86 per diluted share, compared to $52.3 million, or $0.82 per diluted share, in the prior year [6][7] Financial Performance - Revenue for the second quarter increased to $2.1 billion, driven by 3.8% organic growth and a 0.8% contribution from acquisitions [4][7] - Net income for the quarter was $42.2 million, or $0.67 per diluted share, down from $43.8 million, or $0.69 per diluted share, in the prior year [5][7] - Adjusted EBITDA for the period increased to $125.9 million, maintaining an adjusted EBITDA margin of 6.2% [8][7] Segment Performance - The Business & Industry segment grew by 3%, supported by recovery in the U.S. prime office space market [4][28] - The Manufacturing & Distribution segment saw a 2% increase, attributed to new client wins and favorable comparisons to the prior year [4][28] - Technical Solutions and Aviation segments reported significant revenue increases of 19% and 9%, respectively, with Technical Solutions benefiting from higher microgrid revenue [4][28] Cash Flow and Liquidity - Net cash provided by operating activities was $32.3 million, a decrease from $117.0 million in the prior year, primarily due to elevated working capital related to the ERP transition [9][23] - Free cash flow for the quarter was $15.2 million, down from $101.4 million in the previous year [9][32] - The company had total indebtedness of $1.6 billion and available liquidity of $657.8 million at the end of the second quarter [10][9] Outlook - ABM reaffirmed its fiscal year 2025 adjusted EPS outlook in the range of $3.65 to $3.80, with an unchanged projected adjusted EBITDA margin of 6.3% to 6.5% [12][7] - The company remains optimistic about core markets, particularly high-quality office buildings, manufacturing and distribution facilities, and commercial aviation [2][12]