Revenue of $2.2 billion in the fourth quarter, including 3.2% organic growth Net loss of $11.7 million and GAAP loss per share of $0.19 in the fourth quarter, largely reflecting a $59.7 million adjustment to the RavenVolt acquisition cash earn-out Adjusted EBITDA of $128.0 million in the fourth quarter Adjusted EPS of $0.90 in the fourth quarterRepurchased $32.0 million of common stock in the fourth quarter and $55.8 million for full fiscal 2024Raises quarterly dividend 18%, as previously announcedFiscal 2025 adjusted earnings per share expected to be in range of $3.60 to $3.80 (1) NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share, which is a 18% increase from the prior quarterly cash dividend of $0.225 per common share. The increased dividend is payable on February 3, 2025, to shareholders of record on January 2, 2025. This will be the Company's 235th consecutive quarterly cash dividend and represents the 57th consecutive year of ABM raising its dividend. Sudhakar Kesavan, Chairman of the Board of Directors of ABM, commented, "This dividend increase reflects the Board's continued confidence in ABM's growth

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal fourth quarter 2024 on Wednesday, December 18, 2024, before market open. ABM will host its quarterly conference call for all interested parties on Wednesday, December 18, 2024, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, 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 C

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management today announced a strategic partnership with Mainspring Energy, Inc., in which ABM will deploy Mainspring's cutting-edge Linear Generator technology to enhance electric vehicle ("EV") charging solutions for fleet, commercial and industrial clients that require turnkey offerings and on-site power generation projects. The availability and reliability of the power needed to support commercial fleets is often a main obstacle for commercial fleet operators seeking to deploy electrification strategies. Mainspring's state-of-the-art

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), one of the world's largest providers of integrated facility services, infrastructure solutions and parking management, today announced the appointment of Miranda Tolar as Executive Vice President and General Counsel effective January 1, 2025. In this critical role for the Company, Tolar will oversee the legal, compliance, risk and safety organization, succeeding Andrea Newborn who recently announced her retirement. Newborn will remain with the company through a transition period ending in February 2025. First joining ABM in 2011, Tolar most recently served as Senior Vice President and Deputy General Counsel overseeing l

UGI Corporation (NYSE:UGI) announced today that Melanie Ruiz and David Bingenheimer were appointed as directors of UGI Corporation, effective November 1, 2024. Ms. Ruiz serves as Chief Information and Technology Officer for ABM Industries (NYSE:ABM), a position she has held since joining ABM in 2020. ABM is one of the world's largest providers of integrated facility solutions that includes janitorial, engineering, parking, electrical & lighting, energy solutions, HVAC & mechanical, landscape & turf, and mission critical solutions. Ms. Ruiz's responsibilities at ABM Industries include leading ABM's enterprise-wide technology strategy and operations as well as ABM's robust cybersecurity and

NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, today announced a distributorship agreement with Samsung C&T Charging Solutions, making ABM an authorized distributor and servicer of EVSIS-branded DC Fast Chargers. Samsung C&T Charging Solutions is an equity partner of the Korean DC Fast Chargers manufacturer EVSIS, which is entering the United States market. The EVSIS chargers are versatile and high-quality, with best-in-class technology that integrates seamlessly with the cloud-based ABM EV OS platform – enabling for scalable expansion, intelligent monitoring, remote operati

Revenue up 3.3% to $2.1 billion, including organic growth of 2.8%Net income of $4.7 million and GAAP EPS of $0.07, each down 95%, largely reflecting the increased likelihood of a cash earn-out payment under the Ravenvolt acquisition agreementAdjusted net income of $59.5 million and Adjusted EPS of $0.94, up 13% and 19%, respectivelyAdjusted EBITDA of $128.1 million, up 2%Raises outlook for fiscal year 2024 Adjusted EPS to $3.48 to $3.55, from $3.40 to $3.50 (1) NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced financial results for the third quarter of fiscal 2024. "ABM's strong third quarter performance is further vali

NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal third quarter 2024 on Friday, September 6, 2024, before market open. ABM will host its quarterly conference call for all interested parties on Friday, September 6, 2024, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, 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'

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, is pleased to announce it has recently been awarded a NASPO ValuePoint® contract for electric vehicle (EV) charging infrastructure. This important contract authorizes ABM to offer its industry-leading, single-source EV charging infrastructure solutions to state and local government and educational entities across the nation more efficiently and cost-effectively. "We're honored to be awarded a NASPO ValuePoint® contract which recognizes our growing position and leading technology in the evolving EV landscape," stated Mark Hawkin

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NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), one of the world's largest providers of integrated facility services, infrastructure solutions and parking management, today announced the appointment of Miranda Tolar as Executive Vice President and General Counsel effective January 1, 2025. In this critical role for the Company, Tolar will oversee the legal, compliance, risk and safety organization, succeeding Andrea Newborn who recently announced her retirement. Newborn will remain with the company through a transition period ending in February 2025. First joining ABM in 2011, Tolar most recently served as Senior Vice President and Deputy General Counsel overseeing l

UGI Corporation (NYSE:UGI) announced today that Melanie Ruiz and David Bingenheimer were appointed as directors of UGI Corporation, effective November 1, 2024. Ms. Ruiz serves as Chief Information and Technology Officer for ABM Industries (NYSE:ABM), a position she has held since joining ABM in 2020. ABM is one of the world's largest providers of integrated facility solutions that includes janitorial, engineering, parking, electrical & lighting, energy solutions, HVAC & mechanical, landscape & turf, and mission critical solutions. Ms. Ruiz's responsibilities at ABM Industries include leading ABM's enterprise-wide technology strategy and operations as well as ABM's robust cybersecurity and

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, today announced it has been named one of Selling Power Magazine's 60 Best Companies to Sell For in 2024. This is the third consecutive year ABM has been named to the list, recognizing the top companies leading in the alignment of people, processes, and technologies to create effective sales cultures. "We are honored to once again be recognized as one of the best companies to sell for, reflecting our industry-leading sales culture across ABM," said Sean Mahoney, EVP, Sales and Marketing at ABM. "A key pillar of ABM's ELEVATE strat

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility services, infrastructure solutions, and parking management today announced a 10-year partnership with Utica University to help transform its campus-wide facilities management operations and create engaging and sustainable spaces for students, faculty and staff. As one of the largest providers of higher education facility solutions in the United States, ABM will bring its industry-leading expertise to the Utica, New York, campus through its ABM Performance Solutions™ model, providing a holistic "one team" approach for all facilities services performed across the campus. "We're excited to begin this

NEW YORK, May 20, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, has been recognized as one of the 2024 Best Places to Work in Healthcare by Modern Healthcare. This is the seventh time ABM has been named to the list, which recognizes outstanding employers in the healthcare industry nationwide. "Providing a great experience for our clients begins with a great experience for our team members," said Valerie Burd, President, Business & Industry at ABM. "Receiving this recognition for the seventh time is a testament to our Healthcare team's ongoing commitment to creating a culture of caring and exce

NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of integrated facility services, infrastructure solutions, and parking management, today announced it has been named a 2024 VETS Indexes 3 Star Employer. The award recognizes the Company's commitment to recruiting, hiring, retaining, developing, and supporting veterans and the military-connected community. "We greatly value the contributions and unique experience of our nation's active military personnel, reservists, and veterans, and are thrilled to receive the VETS Indexes 3 Star Employer Award. This honor recognizes ABM's unwavering commitment to supporting and empowering our veterans and the military commu

PHOENIX, March 04, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility services, infrastructure solutions, and parking management, has entered into a multi-year agreement to deliver first-class housekeeping solutions and event staffing for Major League Baseball's ("MLB") defending National League Champion Arizona Diamondbacks and Chase Field. Through this partnership, ABM will serve as a single source for deploying a professional workforce dedicated to delivering outstanding janitorial services which enhance the fan experience across the over 1.3 million square feet at the downtown ballpark. This agreement with the Diamondbacks expands ABM's portfolio of MLB clients t

BRC Inc., the parent company of Black Rifle Coffee Company (NYSE:BRCC) ("BRCC" or the "Company"), a rapidly growing and mission-driven coffee company founded to support Veterans, active-duty military, and first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced the appointment of Stephen Kadenacy as Chief Financial Officer. Mr. Kadenacy brings more than thirty years of experience to BRCC and will support the Company's efforts to further build on its strong brand momentum to drive profitable, sustainable growth and investor returns. Mr. Kadenacy, who is the former CFO of AECOM (NYSE:ACM), is a significant shar

Adds Extensive Executive-Level Leadership and Human Resources Experience HOUSTON, June 26, 2023 /PRNewswire/ -- Quanta Services, Inc. (NYSE:PWR) announced today the appointment of Raúl J. Valentín to the company's Board of Directors. He brings extensive executive-level leadership and human resources experience and expertise to Quanta's board. David McClanahan, Quanta Services' independent Chairman of the Board, commented, "We are pleased to welcome Raúl to the Quanta Services Board of Directors. He is an accomplished public company human resources executive with extensive peop

Xylem (NYSE:XYL), a global water technology leader, today announced that Earl Ellis has been appointed to the Company's Board of Directors, effective March 9, 2023. Mr. Ellis currently serves as Executive Vice President and Chief Financial Officer of ABM Industries Incorporated (NYSE:ABM), a leading facility services company with approximately $8 billion in annual revenue. In addition to his role at ABM, Ellis brings 25 years of experience from across the finance function in large, publicly traded companies. He most recently spent four years at Best Buy, initially as Chief Financial Officer of Best Buy Canada and later as Senior Vice President of Finance in the U.S., overseeing all revenue

Truist initiated coverage of ABM Industries with a rating of Hold and set a new price target of $43.00

Deutsche Bank downgraded ABM Industries from Buy to Hold and set a new price target of $43.00 from $65.00 previously

William Blair downgraded ABM Industries from Outperform to Mkt Perform

UBS initiated coverage of ABM Industries with a rating of Neutral and set a new price target of $48.00

Robert W. Baird downgraded ABM Industries from Outperform to Neutral and set a new price target of $51.00 from $52.00 previously

Robert W. Baird upgraded ABM Industries from Neutral to Outperform and set a new price target of $50.00

Deutsche Bank initiated coverage of ABM Industries with a rating of Buy and set a new price target of $62.00

Keybanc reiterated coverage of ABM Indus with a rating of Overweight and set a new price target of $55.00 from $60.00 previously

Keybanc reiterated coverage of ABM Indus with a rating of Overweight and set a new price target of $60.00 from $45.00 previously

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Revenue of $2.2 billion in the fourth quarter, including 3.2% organic growth Net loss of $11.7 million and GAAP loss per share of $0.19 in the fourth quarter, largely reflecting a $59.7 million adjustment to the RavenVolt acquisition cash earn-out Adjusted EBITDA of $128.0 million in the fourth quarter Adjusted EPS of $0.90 in the fourth quarterRepurchased $32.0 million of common stock in the fourth quarter and $55.8 million for full fiscal 2024Raises quarterly dividend 18%, as previously announcedFiscal 2025 adjusted earnings per share expected to be in range of $3.60 to $3.80 (1) NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today

NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that its Board of Directors has approved a quarterly cash dividend of $0.265 per common share, which is a 18% increase from the prior quarterly cash dividend of $0.225 per common share. The increased dividend is payable on February 3, 2025, to shareholders of record on January 2, 2025. This will be the Company's 235th consecutive quarterly cash dividend and represents the 57th consecutive year of ABM raising its dividend. Sudhakar Kesavan, Chairman of the Board of Directors of ABM, commented, "This dividend increase reflects the Board's continued confidence in ABM's growth

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal fourth quarter 2024 on Wednesday, December 18, 2024, before market open. ABM will host its quarterly conference call for all interested parties on Wednesday, December 18, 2024, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, 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 C

Revenue up 3.3% to $2.1 billion, including organic growth of 2.8%Net income of $4.7 million and GAAP EPS of $0.07, each down 95%, largely reflecting the increased likelihood of a cash earn-out payment under the Ravenvolt acquisition agreementAdjusted net income of $59.5 million and Adjusted EPS of $0.94, up 13% and 19%, respectivelyAdjusted EBITDA of $128.1 million, up 2%Raises outlook for fiscal year 2024 Adjusted EPS to $3.48 to $3.55, from $3.40 to $3.50 (1) NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced financial results for the third quarter of fiscal 2024. "ABM's strong third quarter performance is further vali

NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal third quarter 2024 on Friday, September 6, 2024, before market open. ABM will host its quarterly conference call for all interested parties on Friday, September 6, 2024, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, 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'

Revenue up 2% to $2.0 billion, all organic growthNet income of $43.8 million and GAAP EPS of $0.69, declines of 16% and 12%, respectivelyAdjusted EBITDA of $125.3 million, down 9%Adjusted EPS of $0.87, down 3%Operating cash flow of $117.0 million and free cash flow of $101.4 million, both up significantlyRaises outlook for fiscal year 2024 adjusted EPS to $3.40 to $3.50, up from $3.30 to $3.45 (1) NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced financial results for the second quarter of fiscal 2024. "We are pleased with our second quarter results, which were driven by our team's outstanding execution and highlighted b

NEW YORK, May 22, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal second quarter 2024 on Thursday, June 6, 2024, before market open. ABM will host its quarterly conference call for all interested parties on Thursday, June 6, 2024, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, 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 webs

Revenue up 3.9% to $2.1 billion, all organic growthNet income of $44.7 million and GAAP EPS of $0.70, up 16% and 21%, respectively, includes certain discrete tax benefits of $4.4 million, or $0.07 per shareAdjusted EBITDA of $116.7 million, down 5%Adjusted EPS of $0.86, up 9%Raises outlook for fiscal year 2024 adjusted EPS to $3.30 to $3.45, up from $3.20 to $3.40 (1) NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced financial results for the first quarter of fiscal 2024. "ABM is off to an excellent start in 2024, generating revenue growth of 3.9%," said Scott Salmirs, President & Chief Executive Officer. "

NEW YORK, Feb. 22, 2024 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced that it will release its financial results for the Company's fiscal first quarter 2024 on Thursday, March 7, 2024, before market open. ABM will host its quarterly conference call for all interested parties on Thursday, March 7, 2024, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors' section of the Company's website, 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 we

Grew fourth quarter revenue 4.1% to $2.1 billion, including 3.8% organic growth Fourth quarter net income of $62.8 million and GAAP EPS of $0.96, up 29% and 32%, respectively Fourth quarter adjusted EBITDA of $144.2 million, up 10%Fourth quarter adjusted EPS of $1.01, up 13%Board of Directors approves a $150 million expansion of existing share repurchase authorizationFiscal 2024 adjusted earnings per share expected to be in range of $3.20 to $3.40 (1) NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- ABM (NYSE:ABM), a leading provider of facility solutions, today announced financial results for the fourth quarter and full year ended October 31, 2023. "Our team executed well in the fourth q