ABM Industries (ABM) Stock News

ABM (NYSE:ABM), a leading facility, engineering, and infrastructure solutions provider, has been named to Selling Power Magazine's 60 Best Companies to Sell For 2025 list for the fourth consecutive year. The recognition follows an evaluation of over 200 companies across multiple categories including company overview, compensation, hiring practices, and AI incorporation in sales processes.

The company reported record-breaking bookings of $1.1 billion in the first half of their fiscal year, demonstrating strong sales performance and effective team support.

ABM has secured a multi-year partnership with Nashville Yards, becoming an Official Partner of the 19-acre downtown development. The company will provide comprehensive janitorial services across the campus, including Amazon Towers, CAA Creative Office Building, Pinnacle Tower, residential towers, and common areas. ABM will support multiple events monthly and gain marketing visibility through LED signage and digital platforms. The partnership represents ABM's strategic expansion in the Southeast region, complementing its existing presence in Atlanta, New York, and San Diego. The agreement was brokered by AEG Global Partnerships and Southwest Value Partners, positioning ABM to service diverse industries and showcase its operational expertise in this high-profile urban environment.

ABM has secured a significant five-year, $125 million partnership with Miami-Dade County to provide comprehensive facility solutions at Miami International Airport (MIA). The contract includes deploying ABM Connect for Aviation, featuring advanced IoT technology and the company's most extensive Smart Restroom monitoring implementation to date. The partnership will create over 250 new jobs, adding to ABM's existing 1,300+ workforce in the Greater Miami region. The agreement supports MIA's Modernization in Action Plan, focusing on enhancing passenger experience and operational efficiency at one of the nation's busiest airports. MIA ranks as the busiest U.S. airport for Latin American and Caribbean flights, the second busiest international airport in the U.S., and the tenth busiest overall. The partnership emphasizes local economic growth through collaboration with Disadvantaged Business Enterprise partners.

ABM (NYSE: ABM), a facility, engineering, and infrastructure solutions provider, has appointed Carol Clements to its Board of Directors. Clements, currently serving as Chief Digital and Technology Officer at JetBlue Airways, brings over 25 years of technology and digital transformation expertise across aviation, hospitality, and consulting sectors. In her current role at JetBlue, she leads technology innovation strategy and digital solutions implementation. Her prior experience includes leadership positions at Yum! Brands, where she served as Chief Technology Officer and General Manager of Pizza Hut Connect and CIO for Pizza Hut U.S. She also held senior technology roles at Southwest Airlines and started her career at PricewaterhouseCoopers LLP. Clements holds BS degrees in Management Science Engineering and Mathematics from Southern Methodist University.

ABM has secured a significant 10-year, $300 million contract with the Greater Orlando Aviation Authority to provide parking and employee shuttle services at Orlando International Airport (MCO). The company will manage a new fleet of 61 transit buses and implement ABM Vantage, their advanced mobility intelligence platform, to enhance operational efficiency through real-time data analytics. This marks the first time MCO has delegated complete responsibility for capital investment and fleet maintenance to a contractor, showcasing GOAA's trust in ABM's capabilities. The partnership positions ABM as a key player in managing large-scale transportation programs at major U.S. airports while supporting MCO's innovation-focused vision.

ABM (NYSE: ABM) has appointed David Orr as its new Executive Vice President and Chief Financial Officer, succeeding Earl Ellis who served since November 2020. Orr, previously Senior Vice President of Financial Planning and Analysis, brings over 20 years of experience with ABM, having joined in 2001. Throughout his tenure, he has held various leadership positions across finance, strategy, and operations. In his most recent role since 2015, Orr led enterprise-wide forecasting, budgeting, and strategic financial planning, while enhancing company-wide reporting and performance measurement capabilities. His career at ABM began in the lighting services division, where he gained operational experience before advancing to Vice President of Finance and Administration. From 2008 to 2015, he served as Vice President of Strategic Solutions.

ABM (NYSE: ABM) reported strong fiscal Q2 2025 results with revenue increasing 4.6% to $2.1 billion, including 3.8% organic growth. Net income was $42.2 million ($0.67 per share), compared to $43.8 million ($0.69 per share) in Q2 2024. Adjusted net income rose to $54.1 million ($0.86 per share) from $52.3 million ($0.82 per share). The company secured $1.1 billion in new bookings, up 11% year-over-year. Business & Industry and Manufacturing & Distribution segments returned to organic growth, while Technical Solutions and Aviation segments led revenue growth at 19% and 9% respectively. The company maintained its full-year 2025 adjusted EPS guidance of $3.65-$3.80 and adjusted EBITDA margin outlook of 6.3-6.5%. Cash flow showed sequential improvement despite ERP transition challenges, with free cash flow at $15.2 million. ABM declared its 237th consecutive quarterly dividend of $0.265 per share.

ABM (NYSE: ABM), a leading facility solutions provider, has scheduled its fiscal second quarter 2025 financial results announcement for June 6, 2025, before market open. The company will host a conference call at 8:30 AM ET on the same day.

Investors can access the live conference call through an audio webcast on ABM's website or by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A supplemental presentation will be available on the company's website. The webcast replay will be archived for 90 days, and a phone replay will be available until June 20, 2025, using ID #13753708.

ABM reported Q1 fiscal 2025 financial results with revenue increasing 2.2% to $2.1 billion, including 1.6% organic growth. Net income was $43.6 million ($0.69 per share), compared to $44.7 million ($0.70 per share) last year.

Key highlights include:

• Technical Solutions and Aviation segments led growth with 22% and 8% revenue increases respectively
• Adjusted EBITDA rose to $120.6 million from $116.7 million
• Company raised lower end of fiscal 2025 adjusted EPS guidance, now projecting $3.65-$3.80
• Successfully launched cloud-based ERP system for B&I and M&D segments

The company's total debt stood at $1,590.2 million with available liquidity of $296.9 million. During Q1, ABM repurchased 0.4 million shares for $21.3 million and declared a quarterly dividend of $0.265 per share.