ABM
ABM Industries Incorporated45.74
-1.44-3.05%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
2.85BP/E (TTM)
24.72Basic EPS (TTM)
1.85Dividend Yield
0.02%Recent Filings
8-K
ABM elects full board
ABM Industries stockholders at the March 25, 2026 annual meeting elected all 12 director nominees, including Art A. Garcia with 46M for votes amid 4.3M against and broker non-votes. They approved executive compensation on an advisory basis (48M for) and ratified KPMG as auditors for fiscal 2026 (52M for). Board continuity locked in.
8-K
Q1 revenue up 6.1%, income dips
ABM reported Q1 fiscal 2026 revenue of $2.2B, up 6.1% with 5.5% organic growth, yet net income fell to $38.8M or $0.64/share from $43.6M. Cash flow surged to $62M operating and $48.9M free, funding $91.1M stock repurchases. Board declared $0.29/share dividend, payable May 4; FY26 outlook unchanged. Technical Solutions margins dipped on project delays.
10-Q
Q1 FY2026 results
ABM Industries posted Q1 FY2026 revenues of $2,243.5M, up 6.1% y/y from $2,114.9M, fueled by organic gains across segments and $13.0M from the LMC FM acquisition closed June 2025 for ~$22.0M cash plus $5.9M contingent. Operating profit slipped 3.7% to $74.7M (3.3% margin vs 3.7%) on $3.7M restructuring charges and Technical Solutions weather delays, yet cash from operations swung to $62.0M from -$106.2M y/y. Diluted EPS held at $0.64 on 60.7M shares, matching basic. Debt stood at $1,630.2M with $507.7M revolver capacity; cash $100.4M. Share repurchases accelerated to $91.7M. Labor shortages threaten retention.
8-K
ABM adds $255M term loan
ABM Industries secured a $255M incremental term loan on February 3, 2026, at SOFR+2% (adjustable post-April 2026), to fund its $275M cash acquisition of Iveagh New Opportunities Limited and subsidiaries. Lenders also raised the annual dividend cap to the greater of $72M or $1.16/share from $50M/$1.00. Deal closed concurrently with funding.
10-K
FY2025 results
ABM Industries drove FY2025 revenues up 4.6% to $8.7B, with organic growth of 3.8% fueled by Aviation (+8.3%), Technical Solutions (+18.7% on microgrid projects), yet B&I held steady at 1.6% amid strategic pricing. Operating profit surged 47% to $312M, margins ticking to 12.3% despite Q4 restructuring charges of $13M targeting $35M annual savings; Education margins leaped 122 bps to 7.3% on efficiencies, while M&D slipped 134 bps to 9.4% from new wins. Q4 momentum shone in Technical Solutions' service mix and Aviation's overhead control. Debt stood at $1.6B with $578M revolver capacity; repurchased $121M in shares. Labor shortages threaten quarterly momentum.
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