NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- ABM Industries Incorporated (together with its subsidiaries, collectively referred to as "ABM" "we," "us" or "our") (NYSE:ABM), a leading provider of facility solutions, today announced it has acquired Quality Uptime Services, Inc. ("Quality Uptime"), a prominent player in the critical power services industry for an all-cash purchase price of $119 million. Quality Uptime, headquartered in Bethel, CT, is a leading independent uninterrupted power supply system ("UPS ...

ABM Industries Incorporated (ABM) has had an impressive run in the past year, appreciating 22.5%.ABM’s multi-year comprehensive strategic plan, ELEVATE, focuses on providing clients with offerings that enhance transparency and efficiencies, developing its talent management system capabilities, expanding data usage and modernizing the digital ecosystem. ELEVATE is expected to significantly accelerate the company’s organic growth, improve its strategic and comprehensive positioning and reinforce profitability ...

Despite signs of cooling inflation, the measure is still well above the Fed’s 2% target. In fact, Fed Chairman Jerome Powell recently indicated just one cut for 2024. In March, the Fed had hinted at three rate cuts for the year.The latest stance implies that rates will remain high for longer than anticipated and push up the cost of borrowing. Despite the high interest rate-induced uncertainty, investors would want to design a portfolio that fetches handsome returns. For this, proper guidance from investment ...

Dividend King ABM Industries NYSE: ABM is neither a high-profile stock nor an exciting investment, but that is not why it’s a good buy. A solid, in-demand business steadily growing and widening margins offset the lack of excitement. The margin is critical to this investment as it drives significant cash flow, allowing for self-funded expansion, ultra-safe dividends, distribution growth, and share repurchases. ABM Industries TodayABMABM Industries$50.07 -0.87 (-1.71%) 52-Week Range$37.61▼$53.05Dividend Yield ...

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, today announced its latest partnership as the primary janitorial cleaning provider with the City of Phoenix for the city's three airports: Phoenix Sky Harbor International Airport (PHX), Deer Valley Airport (DVT), and Goodyear Airport (GYR). Encompassing 4.8 million square feet of space across the three airports, the landmark 5-year, $25 million co ...

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility services, infrastructure and eMobility solutions, and parking management, has announced the next evolution of ABM Vantage – the groundbreaking solution advancing the parking technology ecosystem. ABM has entered into a strategic partnership with Rezcomm, a leading technology provider for the airport and parking industry, to further customize, enhance, and scale the ABM Vantage platform for a wider range of parking cl ...

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility services, infrastructure and eMobility solutions, and parking management, has announced the next evolution of ABM Vantage – the groundbreaking solution advancing the parking technology ecosystem. ABM has entered into a strategic partnership with Rezcomm, a leading technology provider for the airport and parking industry, to further customize, enhance, and scale the ABM Vantage platform for a wider range of parking cl ...

财务数据和关键指标变化 - 第二季度收入为20亿美元,同比增长1.7%,全部为有机增长 [27] - 净收入为4380万美元,每股摊薄收益为0.69美元,同比下降16%和12% [29] - 调整后净收入为5550万美元,调整后每股收益为0.87美元,同比下降8%和3% [30] - 调整后EBITDA为1.253亿美元,调整后EBITDA利润率为6.5% [30] 各条业务线数据和关键指标变化 - 商业与机构(B&I)收入略有下降,但利润和利润率均有所提升 [31][32] - 航空业务收入增长4.8%,调整后剔除去年的大型停车项目,收入增长11% [33] - 制造与分销(M&D)收入增长4.1%,利润和利润率均有所提升 [34] - 教育业务收入增长4.1%,但利润和利润率有所下降 [34] - 技术解决方案(ATS)收入增长4.6%,利润和利润率大幅改善 [36] 各个市场数据和关键指标变化 - 商业房地产市场持续疲软,但公司通过灵活的劳动模式和专注于甲级写字楼,仍能保持相对稳定 [51][52][53] - 体育娱乐等细分市场表现良好,帮助抵消了商业房地产的下滑 [60][61] - 不同地区表现趋于一致,部分受AI和数据中心带动的市场有所改善 [82][83] 公司战略和发展方向及行业竞争 - 公司将继续投资于电气化、制造业回流、基础设施建设和数据中心等行业趋势,以实现更高的增长和利润 [16][17][18] - 公司将通过交叉销售APS(多服务绩效模式)来提升客户粘性和业务收益 [18][19] - ELEVATE自助计划将提升运营效率和利润率 [20][21] - 公司在新业务拓展方面表现出色,上半年新签约1亿美元,创历史新高 [23][57] 管理层对经营环境和未来前景的评论 - 管理层对公司的定位、业务模式和增长潜力表示乐观 [11][12][15] - 认为公司的灵活劳动模式和专注于甲级写字楼等有利因素,将帮助公司渡过当前的商业房地产市场挑战 [51][52][53] - 看好公司在电气化、制造业、基建和数据中心等新兴领域的发展前景 [16][17][18] - 对公司未来的增长和盈利能力充满信心,因此上调了全年业绩指引 [24] 其他重要信息 - 公司在第二季度实现了创纪录的10亿美元新业务签约,为未来几年的持续增长奠定了基础 [23][57] - 公司通过股票回购等方式积极回报股东,同时保持了较强的自由现金流 [38] 问答环节重要的提问和回答 问题1 **Tim Mulrooney 提问** 对制造与分销(M&D)业务在下半年的有机增长持谨慎态度,询问公司如何看待这一业务的未来发展 [44][45] **Scott Salmirs 回答** 尽管M&D业务在短期内会受到客户业务重组的影响,但公司长期看好该业务的双位数收入和利润增长潜力 [45][46][47][48] 问题2 **Jasper Bibb 提问** 询问商业与机构(B&I)业务在下半年的表现预期 [50][51] **Scott Salmirs 回答** 预计B&I业务在未来几个季度仍将呈现低个位数的收入下降,但随着办公需求的回升,预计明年可能实现收入持平甚至略有增长 [52][53][54] 问题3 **David Silver 提问** 询问公司新业务签约的具体情况,是否存在一些非经常性或非核心业务的影响 [66][67] **Scott Salmirs 回答** 即使剔除一些大型项目,公司的核心业务新签约额也较过去有大幅提升,反映出公司在销售和客户关系管理方面的持续改善 [67][68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8929 ABM INDUSTRIES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 94-13 ...

ABM Industries (ABM) reported $2.02 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 1.7%. EPS of $0.87 for the same period compares to $0.90 a year ago.The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $2 billion. With the consensus EPS estimate being $0.78, the EPS surprise was +11.54%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...