Welcome to our dedicated page for ABM Industries news (Ticker: ABM), a resource for investors and traders seeking the latest updates and insights on ABM Industries stock.
ABM Industries, Inc. (NYSE: ABM) generates a steady stream of news as one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. Company announcements highlight its role in making spaces cleaner, safer, and more efficient for clients across commercial real estate, aviation, education, mission critical environments, and manufacturing and distribution.
On this page, readers can follow ABM’s updates on financial performance, strategic initiatives, and sector-specific projects. Recent releases include quarterly and full-year earnings reports that discuss segment trends in Business and Industry, Aviation, Education, Manufacturing and Distribution, and Technical Solutions, as well as commentary on organic growth, cash flow, and capital allocation through share repurchases and dividends.
ABM’s news also covers infrastructure and technical projects, such as its work with the Alexandria, Virginia, Transit Company (DASH) to install an in-route pantograph charger, power cabinets, and supporting electrical infrastructure for electric bus charging. Announcements related to the definitive agreement to acquire WGNSTAR provide insight into ABM’s expansion into semiconductor and high-technology manufacturing services through managed workforce and equipment support solutions.
Governance and leadership developments feature prominently, with updates on board appointments, committee assignments, and executive promotions in areas like information technology and corporate strategy. Recognition items, such as ABM’s inclusion on Selling Power’s list of 60 Best Companies to Sell For, offer additional context on the company’s culture and sales organization.
Investors and observers can use this news feed to monitor ABM’s earnings releases, acquisition activity, infrastructure projects, and leadership changes in one place, returning regularly to see how the company’s integrated facility, engineering, and infrastructure solutions evolve across its key end markets.
ABM, a leader in facility solutions, will participate in the Sidoti Virtual Investor Conference on January 13, 2021, starting at 1:00 p.m. ET. The event will feature a live audio webcast available on the company's website, www.abm.com, with an archive accessible for 90 days post-event. ABM reported revenues of approximately $6.0 billion and has over 100,000 employees across 350+ offices globally, providing a range of facility solutions, including janitorial, electrical, and HVAC services.
ABM reported fourth-quarter results for fiscal 2020 with revenues of $1.48 billion, down 9.9% year-over-year due to COVID-19 impacts. GAAP continuing EPS was $0.78, while adjusted EPS was $0.69, marking a 4.5% increase. Adjusted EBITDA stood at $92.5 million with a margin of 6.2%. The company generated record cash flow of approximately $200 million and increased its dividend by 2.7%. For Q1 FY2021, ABM provided guidance for GAAP EPS of $0.53 to $0.58, reflecting ongoing pandemic effects. Total liquidity reached $990 million, supporting future operations.
ABM (NYSE: ABM) will release its earnings results for the fiscal fourth quarter and full year 2020 on December 16, 2020, after market close. The company will host a quarterly conference call on December 17, 2020, at 8:30 AM (ET) for interested parties to discuss the results. Investors can access the call via audio webcast on ABM's website or by dialing (877) 451-6152. A replay will be available shortly after the call until December 31, 2020. Founded in 1909, ABM provides facility solutions, generating approximately $6.5 billion in revenue.
ABM has expanded its partnership with JFKIAT to enhance cleaning protocols at Terminal 4 of JFK Airport amid COVID-19. The EnhancedClean program aims to improve safety for passengers and employees by implementing a certified disinfection process that includes regular cleaning of high-touch surfaces and the use of electrostatic sprayers. This initiative is designed to boost confidence in air travel, especially during the holiday season. ABM has provided janitorial services at T4 since 2010, continuously adapting to enhance safety measures during the pandemic.
ABM has launched a new Energy Savings Performance Contract (ESPC) with the U.S. General Services Administration (GSA) aiming to save approximately $34.3 million over 20 years through a projected 37% energy reduction across nine federal facilities in Alabama, Mississippi, and North Carolina. The initiative includes ventilation upgrades to enhance indoor air quality. ABM's total investment in GSA energy solutions now exceeds $100 million.
Key upgrades involve HVAC renovations, energy-efficient lighting retrofitting, and water conservation measures.
ABM, a facility solutions provider, has appointed Rene Jacobsen as Executive Vice President and Chief Operating Officer, effective November 1, 2020. Jacobsen has been pivotal in enhancing operational efficiencies since 2019 and previously held the role of Executive Vice President and Chief Facilities Officer. He will now oversee operations across all business segments. With over 30 years of experience in facility services, Jacobsen's leadership during the COVID-19 pandemic has been lauded. ABM operates with revenues of approximately $6.5 billion and over 140,000 employees.
ABM (NYSE: ABM) has appointed Earl Ellis as its new Executive Vice President and Chief Financial Officer, effective November 30. Ellis previously held multiple executive roles at Best Buy, where he oversaw financial strategies and capital project planning. He brings extensive experience from other public companies, enhancing ABM's leadership team as it navigates ongoing transformations. CEO Scott Salmirs expressed confidence in Ellis's ability to support the company's strategic growth, particularly in responding to clients' needs during challenging times.
ABM, a facility solutions provider, has launched an Energy Performance Contracting program for the McKeesport Area School District, expecting to save $7.8 million in energy and operating costs. This initiative allows the school district to fund critical upgrades to their facilities, including improved indoor air quality and athletic and STEM facilities. The project enhances HVAC systems, lighting, and renovations at several schools, demonstrating ABM's commitment to educational equity. This program supports over 500 educational institutions across the U.S.
ABM (NYSE: ABM), a top facility solutions provider, will participate in the Sidoti Virtual Investor Conference on September 23, 2020, starting at 3:15 PM ET. The presentation will be accessible via a live audio webcast on the Company’s website, www.abm.com, and will be archived for 90 days post-event. With approximately $6.5 billion in revenue and 140,000 employees, ABM operates over 350 offices, offering integrated solutions in various sectors including janitorial, electrical, energy, and HVAC services.
ABM (NYSE: ABM) announced its participation in the CL King Best Ideas Conference, occurring virtually on September 16, 2020. The discussion will commence at 10:15 AM ET, with a live audio webcast available in the ‘Investors’ section of the ABM website. An archived version will be accessible for 90 days post-event. ABM is a significant player in the facility solutions sector, boasting revenues of about $6.5 billion and a workforce of approximately 140,000 across over 350 offices.