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ABM Industries Inc. - ABM STOCK NEWS

Welcome to our dedicated news page for ABM Industries (Ticker: ABM), a resource for investors and traders seeking the latest updates and insights on ABM Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ABM Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ABM Industries's position in the market.

Rhea-AI Summary
ABM, a leading provider of integrated facility services, has been honored as a 2024 VETS Indexes 3 Star Employer for its commitment to supporting veterans and the military-connected community. The company's President and CEO, Scott Salmirs, expressed gratitude for the recognition and highlighted ABM's initiatives to empower veterans. The award signifies ABM's dedication to creating a welcoming environment for veterans and their families, offering opportunities for growth and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
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Rhea-AI Summary
ABM initiates Energy Performance Contracting program in Clarke County, Alabama, expected to save $1.8 million over 20 years and enhance security and air quality. The project includes HVAC, lighting, controls upgrades, and advanced technology for county facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
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none
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Rhea-AI Summary
ABM partners with leading semiconductor companies to expand their U.S. footprint in response to the CHIPS and Science Act of 2022, driving significant growth in the semiconductor business. ABM offers specialized programs to enhance operational efficiency and support the industry's domestic growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
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none
Rhea-AI Summary
ABM (NYSE: ABM) has been recognized as one of the 25 Best Companies for Latinos to Work in 2024 by Latino Leaders Magazine for the second consecutive year. The company's inclusive culture and commitment to diversity have been highlighted through initiatives like the Culture & Inclusion Council and Employee Resource Groups, showcasing its dedication to fostering a diverse and inclusive workplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
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Rhea-AI Summary
ABM (NYSE: ABM) reports a 3.9% revenue increase to $2.1 billion, with net income of $44.7 million and GAAP EPS of $0.70, up 16% and 21%. Adjusted EPS rose 9%, reaching $0.86. The company raised its fiscal year 2024 adjusted EPS outlook to $3.30 to $3.45, up from $3.20 to $3.40.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.28%
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Rhea-AI Summary
ABM secures a multi-year agreement to provide housekeeping solutions and event staffing for the Arizona Diamondbacks and Chase Field, expanding its MLB client portfolio. The partnership emphasizes inclusion and environmental sustainability, with a focus on delivering exceptional fan experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
partnership
News
Rhea-AI Summary
ABM announces key leadership changes with Valerie Burd promoted to President of Business & Industry, Scott Camp hired as President of the Education segment, and Martin Montagne joining as President of Engineering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
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Rhea-AI Summary
ABM (NYSE: ABM) will release its financial results for the fiscal first quarter 2024 on March 7, 2024. The quarterly conference call for investors will be held at 8:30 AM (ET) on the same day. The call can be accessed via webcast or phone. A replay will be available for three weeks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
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Rhea-AI Summary
ABM (NYSE: ABM) reported fourth quarter revenue growth of 4.1% to $2.1 billion, with net income of $62.8 million and GAAP EPS of $0.96, up 29% and 32% respectively. Fiscal 2024 adjusted earnings per share expected to be in the range of $3.20 to $3.40.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.9%
Tags
Rhea-AI Summary
ABM (NYSE: ABM) expands its relationship with LaGuardia Gateway Partners to provide comprehensive integrated facility services and best-in-class traveler experiences at Terminal B, aiming to drive sustainability and diversity best practices. ABM's Performance Solutions will optimize and unify operational efficiency across Terminal B, enhancing operations and guest experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
partnership
ABM Industries Inc.

NYSE:ABM

ABM Rankings

ABM Stock Data

2.80B
62.34M
1.6%
93.36%
3.9%
Janitorial Services
Administrative and Support and Waste Management and Remediation Services
Link
US
New York

About ABM

ABM Industries Inc. is a facility management provider in the United States. ABM was founded in 1909 by Morris Rosenberg in San Francisco, California, as a single-person window washing business. As of 2013, the company has over 130,000 employees, over 350 offices, and various international locations.