ABM

Wall Street analysts expect ABM Industries (ABM) to post quarterly earnings of $1.01 per share in its upcoming report, which indicates a year-over-year increase of 23.2%. Revenues are expected to be $2.3 billion, up 3.5% from the year-ago quarter. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. Bearing this in mind, let's now explore the average estimates of specific ABM Industries metrics that are commonly monitored and projected by Wall Street analysts. The combined assessment of analysts suggests that 'Revenues- Business & Industry' will likely reach $1.03 billion. The estimate indicates a change of -0.6% from the prior-year quarter. The collective assessment of analysts points to an estimated 'Revenues- Aviation' of $308.36 million. The estimate indicates a change of +5.7% from the prior-year quarter. The consensus estimate for 'Revenues- Education' stands at $235.05 million. The estimate indicates a change of 0% from the prior-year quarter. The consensus among analysts is that 'Revenues- Manufacturing & Distribution' will reach $438.43 million. The estimate indicates a change of +7.2% from the prior-year quarter. According to the collective judgment of analysts, 'Revenues- Technical Solutions' should come in at $279.91 million. The estimate indicates a year-over-year change of +12.2%. It is projected by analysts that the 'Operating profit- Business & Industry' will reach $84.91 million. Compared to the present estimate, the company reported $73.80 million in the same quarter last year. Analysts expect 'Operating profit- Aviation' to come in at $17.95 million. The estimate compares to the year-ago value of $19.70 million. The average prediction of analysts places 'Operating profit- Manufacturing & Distribution' at $40.89 million. Compared to the current estimate, the company reported $36.40 million in the same quarter of the previous year. Analysts' assessment points toward 'Operating profit- Technical Solutions' reaching $19.66 million. Compared to the current estimate, the company reported $19.40 million in the same quarter of the previous year. Based on the collective assessment of analysts, 'Operating profit- Education' should arrive at $19.39 million. Compared to the current estimate, the company reported $21.10 million in the same quarter of the previous year. View all Key Company Metrics for ABM Industries here>>> Over the past month, shares of ABM Industries have returned -5.6% versus the Zacks S&P 500 composite's +2% change. Currently, ABM carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Bowman Consulting (BWMN) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +31.92%. A quarter ago, it was expected that this professional services firm would post earnings of $0.21 per share when it actually produced earnings of $0.14, delivering a surprise of -33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bowman Consulting, which belongs to the Zacks Business - Services industry, posted revenues of $146.13 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.59%. This compares to year-ago revenues of $122.09 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bowman Consulting shares have lost about 17.5% since the beginning of the year versus the S&P 500's gain of 13.3%. While Bowman Consulting has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bowman Consulting was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.53 on $159.75 million in revenues for the coming quarter and $1.67 on $603.35 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Services is currently in the bottom 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, ABM Industries (ABM), is yet to report results for the quarter ended July 2026. This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +23.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. ABM Industries' revenues are expected to be $2.3 billion, up 3.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bowman Consulting Group Ltd. (BWMN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Willdan Group (WLDN) came out with quarterly earnings of $2.07 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +69.67%. A quarter ago, it was expected that this energy efficiency and sustainability consultant would post earnings of $0.81 per share when it actually produced earnings of $0.91, delivering a surprise of +12.35%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Willdan, which belongs to the Zacks Business - Services industry, posted revenues of $117.24 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 17.07%. This compares to year-ago revenues of $94.97 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Willdan shares have lost about 28.5% since the beginning of the year versus the S&P 500's gain of 12.8%. While Willdan has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Willdan was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.41 on $109.9 million in revenues for the coming quarter and $4.94 on $413.9 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Services is currently in the bottom 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, ABM Industries (ABM), is yet to report results for the quarter ended July 2026. This provider of cleaning and other maintenance services for commercial buildings, hospitals and airports is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of +23.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. ABM Industries' revenues are expected to be $2.3 billion, up 3.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ABM Industries Incorporated ABM reported mixed second-quarter fiscal 2026 results. Earnings per share (EPS) missed the Zacks Consensus Estimate, while revenues beat the same. Despite the lower-than-expected earnings results, the stock rallied 10.9% following the earnings release on June 5. ABM posted adjusted earnings of 90 cents per share in the second quarter of fiscal 2026, up 4.7% from the year-ago period but missing the Zacks Consensus Estimate of 92 cents by 2.2%. Quarterly revenues rose 8.4% year over year to $2.29 billion and beat the consensus mark of $2.22 billion by 2.9%. Performance was supported by record first-half sales bookings, with strength led by Technical Solutions and Aviation. ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote ABM Industries delivered organic revenue growth of 6.1% in the quarter, with acquisitions adding 2.3% to reported growth. Management pointed to healthy demand across several end markets, including energy infrastructure, semiconductors and airport modernization, alongside steady recurring work that supports the company’s baseline revenue profile. Business & Industry was flat organically, pressured by the exit of a large U.K. client during the quarter and additional customer exits, particularly on the West Coast. Management framed some of the exits as intentional, citing a focus on walking away from accounts that do not meet profitability thresholds. By segment, Technical Solutions revenues climbed 27.2% year over year to $267.3 million, supported by data center activity, battery energy storage systems and contributions from recent acquisitions. Aviation revenues increased 19.5% to $310.8 million, reflecting healthy travel demand and the increase in the latest wins, including the London Heathrow contract. Manufacturing & Distribution revenues rose 16.5% to $463.8 million, aided by client expansions and the WGNSTAR acquisition, while Education revenues improved 1.9% to $232.2 million on price escalations. Business & Industry revenues were essentially unchanged at $1.02 billion, as strength in U.K. operations was largely offset by client exits. ABM Sees Mixed Profitability as Mix Shifts Adjusted EBITDA improved to $131.7 million from $125.9 million a year ago, reflecting higher volume and improved execution in parts of the business. Still, the segmental operating margin declined to 7.3% from 7.9% last year, as newer contracts in Manufacturing & Distribution and Business & Industry weighed on profitability, and Aviation absorbed inefficiencies tied to weather-related costs and contract dynamics. Within Technical Solutions, operating profit increased year over year, but the margin held near the prior-year level as the quarter skewed toward equipment-intensive infrastructure work. Management emphasized that project mix mattered, noting that a heavier “turning the wrenches” phase can carry lower margins than design-and-engineering work, with mix expected to improve later in the year. On a GAAP basis, net income rose to $43.1 million, or 73 cents per diluted share, from $42.2 million, or 67 cents per share, in the prior-year quarter. The company cited lower tax expenses and reduced corporate costs as positives, partially offset by higher interest expenses and amortization tied to the WGNSTAR acquisition. In Aviation, profit was pressured by incremental weather-related costs, TSA-driven disruptions and ramp-up costs associated with Heathrow. In Business & Industry, the margin declined year over year due to contract mix shifts and increased sales investments, though management expects the margin to benefit in the back half as the impact of exited, lower-return work flows through. Cash generation improved versus last year, with the operating cash flow of $66.2 million and a free cash flow of $22.4 million in the quarter. Management credited working-capital discipline and continued progress on enterprise resource planning implementation for the year-over-year improvement. ABM ended the quarter with total indebtedness of $1.9 billion and available liquidity of $613.8 million, including $94.9 million in cash and equivalents. Leverage stood at 3.2X, and management reiterated an expectation to bring leverage below 3X by the end of the fiscal year, positioning debt repayment as the near-term capital allocation priority. ABM maintained its adjusted earnings outlook for fiscal 2026 at $3.85-$4.15. The midpoint ($4) of the guided range is higher than the consensus estimate for earnings of $3.94. The company projects organic revenue growth at the higher end of 3-4%, with total revenue growth toward the high end of 4-5%, including acquisition contributions. Management expects margin expansion to be weighted to the second half, driven by improved volume and service mix in Technical Solutions and continued price escalation and cost actions. ABM also updated its guidance approach to include the impacts of prior-year self-insurance adjustments and forecast interest expenses of $110 million, with a normalized tax rate of 29-30%. ABM carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Republic Services, Inc. RSG delivered solid first-quarter 2026 results, with EPS of $1.70 beating the Zacks Consensus Estimate of $1.64 by 3.7%. Earnings increased 7.6% from $1.58 in the year-ago quarter. Revenues rose 2.6% year over year to $4.11 billion and marginally surpassed the consensus mark of $4.10 billion. Corpay, Inc. CPAY delivered a strong first-quarter 2026, with adjusted earnings of $5.80 per share, rising 28.6% year over year and surpassing the Zacks Consensus Estimate by 5.5%. Revenues of $1.26 billion increased 25.4% year over year and beat estimates by 4.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Republic Services, Inc. (RSG) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report Corpay, Inc. (CPAY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ABM Industries Incorporated ABM used its fiscal second-quarter call to make a forward-looking case centered less on the quarter’s headline growth and more on what management sees as a stronger second half. Executives pointed to a healthier mix in Technical Solutions, continued momentum in Manufacturing & Distribution, and improving cash flow as the main reasons they left full-year adjusted earnings guidance unchanged. President and chief executive officer Scott Salmirs said organic revenue growth of 6.1% and record first-half bookings of $1.2 billion showed that demand remained solid across much of the portfolio. He put particular emphasis on Technical Solutions, Aviation and the contribution from the WGNSTAR acquisition. Salmirs also made the second half the focal point of the call. He said ATS and M&D should see meaningfully higher volume, while ATS should also benefit from a better service mix as project execution moves toward more design and engineering work. That framing mattered because ABM’s quarter showed strong sales growth but still left investors watching margin progression closely. Management’s core message was that mix, pricing and cost actions are expected to do more of the earnings work later in the year. Executive vice president and chief financial officer David Orr said ABM still expects adjusted earnings per share of $3.85 to $4.15 for fiscal 2026, while organic revenue growth is now expected toward the high end of the 3% to 4% range and total growth toward the high end of 4% to 5%. Orr also said segment operating margin should land toward the low end of the 7.8% to 8.0% range. He tied that view to a stronger back-half ATS mix and volume, while noting that higher interest rates pushed projected interest expense to about $110 million. That combination left the call balanced in tone. Management raised its growth posture within the range, but not its earnings range, signaling that improved operating execution still needs to offset financing pressure and earlier margin drag. Technical Solutions was central to the call. Revenues rose 27% in the quarter, helped by data center work, battery energy storage systems and HVAC project activity, but profitability was held back by a heavier equipment and infrastructure mix. In a Q&A with William Blair, Orr said large battery storage projects supported growth but carried lower margins because of their equipment-heavy profile. Salmirs added that the back half should include more design and engineering work, which he said has a stronger margin profile. Manufacturing & Distribution also remained a key support. Orr said the segment posted 17% revenue growth, including 7% organic growth and 9% from WGNSTAR, while management continued to describe semiconductor demand and client expansions as meaningful tailwinds. Business & Industry was the clearest soft spot on the call. Salmirs said flat organic performance reflected the exit of a large U.K. client and pressure in West Coast office markets, where ABM has been unwilling to match uneconomic competitive pricing. In response to a Truist Securities question, Orr said the TfL exit alone would account for about 300 basis points of B&I growth impact in the back half. Management nevertheless argued that the client exits should help margins improve as lower-quality work rolls off. That exchange gave investors more clarity on the second-half growth slowdown embedded in the outlook. ABM is accepting weaker B&I revenues in exchange for a cleaner margin profile. Cash flow was another area of emphasis. Orr said second-quarter operating cash flow reached $66.2 million and free cash flow totaled $22.4 million, while first-half operating cash flow improved by roughly $180 million from the prior year period. Management linked that improvement to working capital discipline and ERP stabilization. Orr said leverage rose to 3.2 times after the WGNSTAR deal, but the company still expects to finish the fiscal year below 3 times. Near-term capital allocation remains shaped by that goal. In Q&A, management said debt reduction is the priority, even as it continues to monitor the acquisition pipeline for later in the year or early next year. One of the more important clarifications came around self-insurance adjustments. Orr said ABM now believes operational changes in the insurance program have improved predictability enough for those effects to be included in full-year guidance, a shift Salmirs said reduces a key fourth-quarter concern for investors. Management also used the call to reinforce its strategic posture. Salmirs pointed to semiconductors, data centers, airport modernization and microgrids as the company’s most attractive growth lanes, while stressing discipline on pricing, contract selection and leverage. The quarter’s financial results supported that backdrop without fully defining it. ABM posted adjusted earnings of $0.9, missing the Zacks Consensus Estimate of $0.92 by 2.05%. Revenues of $2.29 billion topped the Zacks Consensus Estimate of $2.22 billion, beating the consensus mark by 2.95%. ABM Industries Incorporated price-consensus-eps-surprise-chart | ABM Industries Incorporated Quote ABM carries a Zacks Rank #3 (Hold), along with a Value Score of A, Growth Score of B, Momentum Score of D and VGM Score of A. Within the Zacks framework, a Zacks Rank #3 can still be held, while a stronger Style Score indicates more attractive value and growth characteristics than momentum at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The VGM Score of A is favorable because it combines value, growth and momentum factors, but the Zacks Rank remains the primary signal in the system. That rank can change as earnings estimates are revised after the quarter, making post-report estimate trends the key factor to watch. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. ABM Industries Inc reported its fiscal second quarter earnings before the opening bell on Friday. The company posted its EPS at 90 cents, beating the estimate of 89 cents. Revenue came in at $2.29 billion, beating the estimate of $2.22 billion. In March, UBS analyst Joshua Chan maintained a Neutral rating on the stock while lowering the price target from $51 to $45. The facility management provider paid a quarterly cash dividend of 29 cents per share on May 4, 2026, to shareholders of record on April 2, 2026. Don't Miss: Think Your ‘Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers — Here's What to Add Now Caught With Nothing Saved for Retirement? These 5 Game‑Changing Tips Could Still Save You The current dividend payout for ABM Industries stands at $1.16, with a dividend yield of is 2.91%. The company has been paying a quarterly cash dividend for more than 90 years, making it one of the longest-running dividend payers in the U.S. markets. So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $206,276 or around 5,172 shares. For a more modest $100 per month or $1,200 per year, you would need about $41,255 or around 1,034 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.16 in this case). So, $6,000 / $1.16 = 6,522 ($500 per month), and $1,200 / $1.16 = 1,034 ($100 per month). Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. See Also: Think you're saving enough for your kids? You might be dangerously off — see why How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. Photo: Hryshchyshen Serhii / Shutterstock Read Next: Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast A single bad hire can set a startup back years. 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For the quarter ended April 2026, ABM Industries (ABM) reported revenue of $2.29 billion, up 8.4% over the same period last year. EPS came in at $0.90, compared to $0.86 in the year-ago quarter. The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $2.22 billion. With the consensus EPS estimate being $0.92, the EPS surprise was -2.05%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how ABM Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Business & Industry: $1.02 billion versus the two-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of 0%. Revenues- Aviation: $310.8 million versus the two-analyst average estimate of $284.46 million. The reported number represents a year-over-year change of +19.5%. Revenues- Education: $232.2 million versus $234.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change. Revenues- Manufacturing & Distribution: $463.8 million versus $427.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16.5% change. Revenues- Technical Solutions: $267.3 million compared to the $230.46 million average estimate based on two analysts. The reported number represents a change of +27.2% year over year. Operating profit- Business & Industry: $76.7 million versus the two-analyst average estimate of $83.8 million. Operating profit- Aviation: $16.3 million versus $16.12 million estimated by two analysts on average. Operating profit- Manufacturing & Distribution: $40.6 million versus $40.78 million estimated by two analysts on average. Operating profit- Technical Solutions: $16.8 million compared to the $16.54 million average estimate based on two analysts. Operating profit- Education: $16.4 million versus the two-analyst average estimate of $16.68 million. View all Key Company Metrics for ABM Industries here>>> Shares of ABM Industries have returned -2.2% over the past month versus the Zacks S&P 500 composite's +5.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ABM Industries Incorporated (ABM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Revenue increased 8.4% to a second quarter record of $2.3 billion, including organic growth of 6.1% and acquisition growth of 2.3% Record first half new sales bookings of $1.2 billion Net income improved to $43.1 million, or $0.73 per diluted share, as compared to $42.2 million, or $0.67, in the prior year Adjusted net income was $52.9 million, or $0.90 per diluted share, versus $54.1 million, or $0.86, in the prior year Adjusted EBITDA increased to $131.7 million, versus $125.9 million last year Operating cash flow was $66.2 million and free cash flow totaled $22.4 million, both well above the prior year NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility, engineering and infrastructure solutions, today announced financial results for its fiscal second quarter ended April 30, 2026. "Our second quarter performance was highlighted by organic revenue growth of 6.1% and record first half new sales bookings of $1.2 billion," said Scott Salmirs, President and Chief Executive Officer. "Organic growth was especially strong in Technical Solutions ("ATS") and Aviation. Manufacturing & Distribution's ("M&D") robust growth was driven by healthy organic demand, further boosted by our recent WGNSTAR acquisition, which is performing well and contributing meaningfully to growth. The investments we have made in organic growth and acquisitions, along with our healthy backlog and constructive end-market conditions, have positioned us well for a strong second half." Mr. Salmirs continued, "Beyond the top line, we executed well in the quarter, resulting in improved margin on a sequential basis and continued solid free cash flow generation, which was up significantly in the first half versus last year. Looking to the second half, we expect meaningfully higher volume in ATS and M&D, as well as improved service mix, especially within ATS. We also expect to benefit from our ongoing cost savings and pricing initiatives. Combined, these factors are expected to drive significant improvement in earnings and margin in the back half of the year." Mr. Salmirs concluded, "We are encouraged by constructive demand trends across the majority of our end markets, and remain focused on executing with discipline as the broader macroeconomic environment continues to evolve. As such, our fiscal 2026 outlook remains unchanged." Second Quarter Fiscal 2026 Results Revenue increased 8.4% year over year to a second quarter record of $2.3 billion, including 6.1% organic growth and 2.3% growth from acquisitions. Revenue growth was led by ATS and Aviation, which grew 27% and 20%, respectively. ATS benefited from strong demand for battery energy storage systems and datacenter-related services, as well as contributions from its recent acquisition, while Aviation’s growth reflected healthy domestic air travel trends and the continued ramp of new contracts, including the recently won London Heathrow contract. M&D increased 17%, driven by acquisitions, recent client wins and ongoing expansions, while Education delivered growth of 2%, benefiting from price escalations. Business & Industry (“B&I”) was essentially flat, as strong growth in its UK operations was largely offset by the exit of certain clients. Net income was $43.1 million, or $0.73 per diluted share, compared to $42.2 million, or $0.67 per diluted share, in the prior year period. The increase in net income primarily reflects lower tax expense and reduced corporate costs, partially offset by higher interest and amortization expense related to the WGNSTAR acquisition. EPS growth was further driven by the Company’s share repurchase activities earlier in the year. Net income margin was 1.9% versus 2.0% in the prior year. Segment operating margin was 7.3% compared to 7.9% last year. The change in segment operating margin was driven mainly by the impact of newer contracts that came online last year in M&D and B&I, as well as by weather-related and ramp-up cost inefficiencies in Aviation. Adjusted net income was $52.9 million, or $0.90 per diluted share, compared to $54.1 million, or $0.86 per diluted share in the prior year period. The year-over-year change primarily reflects the factors discussed above, with per share results benefiting from the Company's share repurchase activities. Adjusted EBITDA increased to $131.7 million versus $125.9 million last year. Adjusted results exclude items impacting comparability. A description of items impacting comparability can be found in the “Reconciliation of Non-GAAP Financial Measures” table. Net cash provided by operating activities was $66.2 million, and free cash flow was $22.4 million, compared to $32.3 million and $15.2 million, respectively, in the prior year period. The improvement year over year primarily reflects strong working capital management and ongoing advancements in the Company’s enterprise resource planning (“ERP”) implementation during the quarter. A reconciliation of net cash provided by (used in) operating activities to free cash flow can be found in the “Reconciliation of Non-GAAP Financial Measures” table. Leverage & Liquidity At the end of the second quarter, the Company’s total indebtedness stood at $1.9 billion, including $23.5 million in standby letters of credit, resulting in a total leverage ratio of 3.2x, as defined by the Company's credit facility. Available liquidity was $613.8 million, including $94.9 million in cash and cash equivalents. The Company expects its total leverage ratio to be below 3.0x by fiscal year-end. Quarterly Cash Dividend After the quarter’s close, the Board declared a cash dividend of $0.29 per common share, payable on August 3, 2026, to shareholders of record on July 2, 2026. Outlook The Company is reaffirming its fiscal 2026 outlook with the following updates. The Company now expects organic revenue growth toward the top end of the 3% to 4% range and total revenue growth toward the top end of the 4% to 5% range. Segment operating margin, defined as total segment operating profit divided by total revenue, is projected toward the low end of the 7.8% to 8.0% range, and adjusted EPS is still expected to be in the range of $3.85 to $4.15. This outlook now reflects the Company's updated approach to providing full year adjusted EPS guidance, which no longer excludes the impact of any prior-year self-insurance adjustments. Interest expense is now forecast to be approximately $110 million, and the normalized tax rate is expected to be between 29% and 30%, excluding discrete and non-taxable items. The Company cannot provide a reconciliation of forward-looking non-GAAP segment operating margin or adjusted EPS to the corresponding GAAP measure without unreasonable effort due to the uncertainty of timing and the magnitude of items such as acquisition and integration related costs, legal costs and other settlements. These items are inherently difficult to forecast and may result in a GAAP range that is too large and variable to be meaningful. Conference Call Information ABM will host its quarterly conference call for all interested parties on Friday, June 5, 2026, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the “Investors” section of the Company's website, located at www.abm.com, or by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international) approximately 15 minutes prior to the scheduled time. A supplemental presentation will accompany the webcast on the Company's website. A replay will be available approximately three hours after the webcast through June 19, 2026, and can be accessed by dialing (844) 512-2921 and then entering ID #13759986. A replay link of the webcast will also be archived on the ABM website for 90 days. About ABM ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. Every day, our over 100,000 team members deliver essential services that make spaces cleaner, safer, and more efficient, enhancing the overall occupant experience. ABM serves a wide range of market sectors including commercial real estate, aviation, mission critical, and manufacturing and distribution. With over $8 billion in annual revenue and a blue-chip client base, ABM delivers innovative technologies and sustainable solutions that enhance facilities and empower clients to achieve their goals. Committed to creating smarter, more connected spaces, ABM is investing in the future to meet evolving challenges and build a healthier, thriving world. ABM: Driving possibility, together. For more information, visit www.abm.com Cautionary Statement under the Private Securities Litigation Reform Act of 1995 This press release contains both historical and forward-looking statements about ABM Industries Incorporated (“ABM”) and its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”). We make forward-looking statements related to future expectations, estimates and projections that are uncertain, and often contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “outlook,” “plan,” “predict,” “should,” “target,” or other similar words or phrases. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict. For us, particular uncertainties that could cause our actual results to be materially different from those expressed in our forward-looking statements include: our success depends on our ability to gain profitable business despite competitive market pressures; our results of operations can be adversely affected by labor shortages, turnover, and labor cost increases; we may not be able to attract and retain qualified personnel and senior management we need to support our business; investments in and changes to our businesses, operating structure, or personnel relating to our strategic initiatives, including the implementation of strategic transformations, enhanced business processes, and technology initiatives may not have the desired effects on our financial condition and results of operations; our ability to preserve long-term client relationships is essential to our continued success; our use of subcontractors or joint venture partners to perform work under customer contracts exposes us to liability and financial risk; our international business involves risks different from those we face in the United States that could have an effect on our results of operations and financial condition; decreases in commercial office space utilization due to hybrid work models and increases in office vacancy rates could adversely affect our financial condition; negative changes in general economic conditions, such as recessionary pressures, high interest rates, durable and non-durable goods pricing, changes in energy prices, or changes in consumer goods pricing, could reduce the demand for services and, as a result, reduce our revenue and earnings and adversely affect our financial condition; we may experience breaches of, or disruptions to, our information technology systems or those of our third-party providers or clients, or other compromises of our data that could adversely affect our business; our ongoing implementation of new enterprise resource planning and related boundary systems could adversely impact our ability to operate our business and report our financial results; acquisitions, divestitures, and other strategic transactions could fail to achieve financial or strategic objectives, disrupt our ongoing business, and adversely impact our results of operations; we may not realize the growth opportunities and synergies that are anticipated from the WGNSTAR acquisition; we manage our insurable risks through a combination of third-party purchased policies and self-insurance, and we retain a substantial portion of the risk associated with expected losses under these programs, which exposes us to volatility associated with those risks, including the possibility that changes in estimates to our ultimate insurance loss reserves could result in material charges against our earnings; our risk management and safety programs may not have the intended effect of reducing our liability for personal injury or property loss; unfavorable developments in our class and representative actions and other lawsuits alleging various claims could cause us to incur substantial liabilities; we are subject to extensive legal and regulatory requirements, which could limit our profitability by increasing the costs of legal and regulatory compliance; a significant number of our employees are covered by collective bargaining agreements that could expose us to potential liabilities in relation to our participation in multiemployer pension plans, requirements to make contributions to other benefit plans, and the potential for strikes, work slowdowns or similar activities, and union organizing drives; our business may be materially affected by changes to fiscal and tax policies; negative or unexpected tax consequences could adversely affect our results of operations; future increases in the level of our borrowings and interest rates could affect our results of operations; impairment of goodwill and long-lived assets could have a material adverse effect on our financial condition and results of operations; if we fail to maintain proper and effective internal control over financial reporting in the future, our ability to produce accurate and timely financial statements could be negatively impacted, which could harm our operating results and investor perceptions of our Company and as a result may have a material adverse effect on the value of our common stock; our business may be negatively impacted by adverse weather conditions; catastrophic events, disasters, pandemics, and terrorist attacks could disrupt our services; and actions of activist investors could disrupt our business. For additional information on these and other risks and uncertainties we face, see ABM’s risk factors, as they may be amended from time to time, set forth in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent filings. We urge readers to consider these risks and uncertainties in evaluating our forward-looking statements. Use of Non-GAAP Financial Information To supplement ABM’s consolidated financial information, the Company has presented net income and net income per diluted share as adjusted for items impacting comparability for the second quarter and first six months of fiscal years 2026 and 2025. These adjustments have been made with the intent of providing financial measures that give management and investors a better understanding of the underlying operational results and trends as well as ABM’s operational performance. In addition, the Company has presented earnings before interest, taxes, depreciation and amortization, and excluding items impacting comparability (adjusted EBITDA) for the second quarter and first six months of fiscal years 2026 and 2025. Adjusted EBITDA is among the indicators management uses as a basis for planning and forecasting future periods. The Company also presents total segment operating profit, which is the sum of the segment operating profit of each of its segments, and total segment operating margin, defined as total segment operating profit divided by total revenue, because management believes they are useful as they represent the aggregate value of income/profit created by its segments and exclude items not directly related to the segments for performance evaluation purposes. The Company has also presented Free Cash Flow which is defined as net cash provided by (used in) operating activities less additions to property, plant and equipment. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for financial statements prepared in accordance with accounting principles generally accepted in the United States of America. (See accompanying financial tables for supplemental financial data and corresponding reconciliations to certain GAAP financial measures.) We round amounts to millions but calculate all percentages and per-share data from the underlying whole-dollar amounts. As a result, certain amounts may not foot, crossfoot, or recalculate based on reported numbers due to rounding. Unless otherwise noted, all references to years are to our fiscal year, which ends on October 31. ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENT INFORMATION (UNAUDITED) ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENT INFORMATION (UNAUDITED) ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES SELECTED CONSOLIDATED CASH FLOW INFORMATION (UNAUDITED) ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES SELECTED CONSOLIDATED CASH FLOW INFORMATION (UNAUDITED) ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEET INFORMATION (UNAUDITED) ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES REVENUES AND OPERATING PROFIT BY SEGMENT (UNAUDITED) ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES REVENUES AND OPERATING PROFIT BY SEGMENT (UNAUDITED) *Not meaningful (due to variance greater than or equal to +/-100%) ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) (in millions, except per share amounts) (a) The Company adjusts income to exclude the impact of certain items that are unusual, non-recurring, or otherwise do not reflect management's views of the underlying operational results and trends of the Company. (b) After communications with the staff of the Securities and Exchange Commission, we have revised the definition of our non-GAAP financial measures, including adjusted net income, adjusted earnings per share, and adjusted EBITDA, to no longer exclude the positive or negative impact of “prior year self-insurance adjustments”. Prior year self-insurance adjustments reflect the net changes to our self-insurance reserves for our general liability, workers’ compensation, automobile, and health insurance programs, related to claims from incidents that occurred in previous years. This definitional change has been applied to second quarter 2026 and first six months of 2026 results and retroactively to all presented periods to ensure comparability. (c) Represents costs associated with restructuring program to further streamline our operations and improve the efficiency of our support functions. (d) Represents acquisition and integration related costs associated with recent acquisitions. (e) Represents discrete transformational costs that primarily consist of general and administrative costs for developing technological needs and alternatives, project management, testing, training and data conversion, consulting and professional fees for i) new enterprise resource planning system, ii) client facing technology, iii) workforce management tools and iv) data analytics. These costs are not expected to recur beyond the deployment of these initiatives. (f) Three and six months ended April 30, 2025 include a parking tax audit settlement related to prior years. (g) The Company's tax impact is calculated using the federal and state statutory rate of 27.72% and 28.11% for FY2026 and FY2025, respectively. We calculate tax from the underlying whole-dollar amounts, as a result, certain amounts may not recalculate based on reported numbers due to rounding.