ABM Industries

ABM Industries, Inc. engages in the provision of facility, infrastructure, and mobility solutions. It operates through the following segments: Business and Industry, Manufacturing and Distribution, Education, Aviation, and Technical Solutions. The Business and Industry segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities. It also provides vehicle maintenance services to rental car providers. The Manufacturing and Distribution segment provides integrated facility services, engineering, janitorial, and other specialized services in different types of manufacturing, distribution, and data center facilities. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. The Aviation segment supports airlines and airports with parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastructure, mechanical, and electrical services. The company was founded by Morris Rosenberg in 1909 and is headquartered in New York, NY.

Earnings data Q1 2021

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ABM Industries reports solid Q1 results amidst challenges and opportunities

ABM Industries demonstrated resilience and growth in Q1 2023, leveraging strengths in diverse demand environments and strategic initiatives like ELEVATE.
While facing challenges like labor shortages and supply chain issues, the company is actively managing risks and pursuing opportunities for expansion and margin improvement.
With a positive financial outlook, recognition for ESG efforts, and a focus on innovation and growth, ABM Industries remains well-positioned for future success and market leadership.

ABM Industries reports strong Q2 performance amidst growth opportunities

ABM Industries delivered a solid performance in Q2 2023, showcasing revenue growth and operational efficiency improvements.
While facing challenges such as office occupancy rates and supply chain issues, the company is well-positioned to capitalize on growth opportunities.
Strategic initiatives like the electrification center and focus on diversity and inclusion underscore ABM's commitment to innovation and sustainability.
With a stable portfolio and effective cost management, ABM is poised for continued growth and resilience in the evolving market landscape.

ABM Industries reports revenue growth but faces challenges in segments

ABM Industries' Q3 performance showed growth in key segments but faced challenges in certain areas. The company remains focused on cost management, new business wins, and enhancing shareholder returns amidst market pressures.

ABM Industries reports strong Q4 revenue growth and navigates challenges

ABM Industries delivered solid revenue growth in Q4 2023, set sales records, and outlined a promising outlook for 2024, focusing on efficiency enhancements and market diversification.
Despite challenges from commercial real estate softness and operational hurdles, ABM's strategic initiatives, workforce tools, and cost structure adjustments position it well for future growth and resilience.
With a commitment to capital allocation strategies, organic growth, and navigating market dynamics, ABM Industries aims to leverage growth opportunities in key sectors and drive shareholder value.

ABM Industries reports robust Q1 performance and eyes future growth

ABM Industries' Q1 2024 performance reflects strong revenue growth and operational stability across segments.
The company's focus on technology-driven solutions and pricing discipline positions it well for future growth.
Challenges in margin variability and EV business growth require strategic adjustments for sustained performance.
Opportunities lie in leveraging market demand, operational efficiencies, and long-term growth prospects in the EV market.

ABM Industries raises full-year guidance after strong Q2 performance

ABM Industries delivered strong Q2 results, raising full-year guidance and showcasing resilience in a challenging market. The company's strategic alignment with key trends, record new business wins, and focus on margin-enhancing investments highlight growth potential. While challenges in certain segments may impact cash flow, ABM remains confident in its ability to navigate market dynamics and capitalize on opportunities.

ABM Industries reports robust Q3 performance and raises full-year guidance

ABM Industries delivered a strong performance in Q3 2024, driven by growth in key segments and strategic acquisitions.
The company raised its full-year guidance, maintained a stable financial position, and expects strong cash flow generation.
While facing challenges in sustaining growth and managing debt, ABM sees opportunities in margin improvements and new business development.

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NEW YORK, July 12, 2023 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility services, infrastructure solutions, and parking management, has been named one of Selling Power magazine's 50 Best Companies to Sell For in 2023. This is the second consecutive year ABM has been named to the list highlighting the top 50 companies leading in the alignment of people, processes, and technologies to create effective sales cultures.

ABM Named One of the 50 Best Companies to Sell For

Acquisition strategy and transformational initiatives are boding well for ABM. However, rising expenses hurt its bottom line.

Transformational Initiatives Aid ABM Amid Increasing Costs

ABM Industries (ABM) reported earnings 30 days ago. What's next for the stock?

Why Is ABM Industries (ABM) Down 12.5% Since Last Earnings Report?

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NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility services, infrastructure solutions, and parking management, continues to execute on its ELEVATE strategy and receive national recognition for its strategic focus on industry-leading technology and data transformation.

ABM Advances its ELEVATE Strategy Through Award-Winning Technology and Data Transformation

ABM Industries' Q2 FY23 revenues rose by 4.5% compared to Q2 FY22, with growth in aviation, manufacturing and distribution, technical solutions, and education segments. ABM stock is currently trading in a narrow range with no clear direction, and its main business & industry segment is struggling with slow recovery of office occupancy and lower work orders. Despite undervaluation and strong institutional shareholding, the modest revenue growth and weak technical chart lead to a hold rating for ABM.

ABM Industries: Not Attractive Enough To Buy

Introduction of ABM-Branded Charger Stations and EV software further strengthens position as a leading single source provider of EV ecosystem solutions and service Introduction of ABM-Branded Charger Stations and EV software further strengthens position as a leading single source provider of EV ecosystem solutions and service

ABM Debuts Its First-Ever Branded Integrated EV Charging Solution

ABM Industries Incorporated (NYSE:ABM ) Q2 2023 Earnings Call Transcript June 6, 2023 8:30 AM ET Company Participants Paul Goldberg - SVP, IR Scott Salmirs - President and CEO Earl Ellis - EVP and CFO Conference Call Participants Sean Eastman - KeyBanc Capital Markets Justin Hauke - Baird Faiza Alwy - Deutsche Bank David Silver - CL King & Associates Tim Mulrooney - William Blair Operator Greetings, and welcome to the ABM Industries Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

ABM Industries Incorporated (ABM) Q2 2023 Earnings Call Transcript

ABM Industries' (ABM) earnings and revenues increase year over year supported by organic growth and acquisitions.

ABM Industries (ABM) Q2 Earnings Beat Estimates, Revenues Miss

While the top- and bottom-line numbers for ABM Industries (ABM) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, ABM Industries (ABM) Q2 Earnings: A Look at Key Metrics

ABM Industries (ABM) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.89 per share a year ago.

ABM Industries (ABM) Q2 Earnings Surpass Estimates

NEW YORK, June 06, 2023 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility solutions, today announced financial results for the second quarter of fiscal 2023.

ABM Reports Second Quarter Fiscal 2023 Results

Improved market conditions are likely to have resulted in the enhanced segmental performance of ABM Industries (ABM) in the second quarter of fiscal 2023.

ABM Industries (ABM) to Report Q2 Earnings: What's in Store?

Partnership renewal will expand the airport's shuttle fleet electrification and extends employee shuttle management through 2028 Partnership renewal will expand the airport's shuttle fleet electrification and extends employee shuttle management through 2028

ABM Announces Shuttle Transportation Expansion and New Bus Fleet Electrification Project at Tampa International Airport

Facility services and solutions provider ABM is electrifying auto dealerships nationwide with DC Fast and Level 2 Chargers, meeting the increased demand and production of electric vehicles Facility services and solutions provider ABM is electrifying auto dealerships nationwide with DC Fast and Level 2 Chargers, meeting the increased demand and production of electric vehicles

ABM Partners with Ohio-based Automotive Dealership to Increase EV Charging Infrastructure to Serve a New Generation of Models

ABM Industries (ABM) will provide parking and valet services at all three terminals of Orlando International Airport.

ABM Extends Partnership With Orlando International Airport

Top 10 Airport's longstanding partnership with ABM now extends through 2028 to support parking and valet services Top 10 Airport's longstanding partnership with ABM now extends through 2028 to support parking and valet services

ABM Continues Twenty-Year Parking Partnership with Orlando International Airport

ABM Industries (ABM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate ABM Industries (ABM) to Report a Decline in Earnings: What to Look Out for

NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM) , a leading provider of facility solutions, today announced that it will release its earnings results for the Company's fiscal second quarter 2023 on Tuesday, June 6, 2023, before market open. ABM will host its quarterly conference call for all interested parties on Tuesday, June 6, 2023, at 8:30 AM (ET).

ABM to Announce Second Quarter 2023 Financial Results

ABM Industries benefits from its ELEVATE strategy and shareholder-friendly policies while rising operating costs remain a concern.

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