ABM Industries Inc.

ABM Announces AACON-RavenVolt JV Selection by U.S. Army Corps of Engineers for Energy Resilience Microgrid at White Sands Missile Range

ABM announced that AACON-RavenVolt JV, LLC — a joint venture between ABM's energy solutions subsidiary RavenVolt and AACON General Contractors — won a U.S. Army Corps of Engineers contract to build an advanced microgrid at White Sands Missile Range in New Mexico. The project is funded under the Department of Defense's Energy Resilience and Conservation Investment Program and combines solar PV, battery storage, on-site backup generation, and intelligent controls to island the installation from grid outages. No contract value was disclosed; the win is a credibility marker for ABM's federal energy-resilience pipeline rather than a quantifiable near-term catalyst.

•5d ago

ABM Extends Partnership with SoFi Stadium and YouTube Theater Ahead of Upcoming Marquee Global Events

ABM extended its longstanding engineering and janitorial services partnership with SoFi Stadium and YouTube Theater, which it has served since before the venues opened in 2020. ABM delivers approximately 84,000 hours of engineering services annually at SoFi Stadium and can scale its janitorial operation to more than 250 team members on major event days. No financial terms were disclosed; the extension is a modest confirmation of recurring revenue within ABM's sports and entertainment portfolio ahead of upcoming global events.

•26d ago

ABM Launches Technical Training Center to Help Meet Growing Demand for Semiconductor Talent

ABM opened the ABM Technical Training Center in Boise, Idaho, a facility expected to train approximately 500 participants annually for entry-level technical roles in semiconductor manufacturing. The center extends ABM's semiconductor training footprint beyond Austin, Texas, drawing on expertise from its WGNSTAR acquisition earlier this year; the curriculum is endorsed by SEMI and graduates earn an industry-recognized Swagelok certification. ABM frames the investment as a response to demand for qualified technicians that continues to outpace the available workforce; the company has more than 100,000 team members and over $8 billion in annual revenue. Idaho Governor Brad Little publicly endorsed the investment, tying it to the state's position as a national leader in advanced semiconductor manufacturing -- a reputational endorsement rather than a financial catalyst.

•1mo ago

ABM Reports Fiscal Third Quarter 2026 Results

ABM reported fiscal Q3 2026 revenue up 4.2% year over year to a quarterly record of $2.3 billion, with GAAP net income up 19% to $49.7 million ($0.84 diluted EPS) and adjusted EPS up 19% to $1.04 from $0.82. Adjusted EBITDA rose 11% to $139.6 million. Growth was led by Manufacturing & Distribution, up 18% on the WGNstar acquisition and technology-related demand, and Aviation, up 12% on the London Heathrow contract ramp. Technical Solutions came in below expectations due to client project deferrals, while Business & Industry declined 2.6% after the previously announced exit of a large UK-based client. Management raised the midpoint of its FY26 adjusted EPS outlook to $3.95-$4.10 from $3.85-$4.15 and lifted full-year free cash flow expectations to about $210 million, up roughly $25 million, though segment operating margin guidance was trimmed to 7.7%-7.8%. The board also declared a $0.29 per share dividend payable November 2, 2026. Year-to-date free cash flow improved sharply to $199.6 million from $42.4 million last year, and the company secured a $300 million trade receivables facility, ending the quarter at 2.9x leverage with $605.8 million of available liquidity.

•2mo ago

ABM and LaGuardia Gateway Partners Launch Autonomous Robotics Pilot at Terminal B, Setting a New Standard for Airport Guest Experience

ABM launched an autonomous robotics pilot at LaGuardia Airport Terminal B, deploying quadruped inspection robots and autonomous floor scrubbers to improve operational efficiency and passenger experience. The program utilizes Skild.ai’s robotic dog for inspections and CenoBots’ autonomous vacuums and scrubbers, integrated with ABM’s ABM Connect for Aviation data platform. This initiative expands ABM’s long-term partnership with LaGuardia Gateway Partners at the 5-Star Skytrax-rated terminal.

•3mo ago

ABM Named to Selling Power's 60 Best Companies to Sell for List for Fifth Consecutive Year

ABM was named to Selling Power Magazine's 60 Best Companies to Sell For 2026 list, marking the fifth consecutive year the company has received this recognition. The ranking evaluated organizations on criteria including hiring, sales training, diversity, AI transformation initiatives, and sales culture. Executive Vice President Sean Mahoney attributed the honor to the strength of the company's culture and its commitment to team development.

•3mo ago

ABM Expands Major League Baseball Footprint Through Atlanta Braves and Truist Park Partnership

ABM secured a multi-year partnership with the Atlanta Braves to provide janitorial services at Truist Park, marking the company's 10th Major League Baseball partnership and its first sports and entertainment client in Atlanta. The agreement covers the 1.1 million-square-foot campus, which hosts approximately three million fans and 150 to 200 events annually, requiring ABM to deploy technology-enabled tools for real-time coordination and live translation. Management emphasized that the deal strengthens ABM's position as a leading facility services provider for premier entertainment venues nationwide.

•4mo ago

ABM Reports Fiscal Second Quarter 2026 Results and Reaffirms Fiscal 2026 Adjusted EPS Outlook

ABM reported record Q2 revenue of $2.3 billion, driven by 6.1% organic growth and 2.3% acquisition growth, beating consensus expectations. Adjusted EPS came in at $0.90, slightly below the prior year's $0.86, but management highlighted strong free cash flow generation of $22.4 million and improved margins. The company reaffirmed its FY26 outlook, shifting expectations toward the top end of the revenue growth range (4-5%) and the low end of the segment operating margin range (7.8-8.0%), with adjusted EPS guidance remaining at $3.85-$4.15.

•5mo ago

Vanderbilt University Selects ABM for New York City Campus Transformation

ABM has been selected by Vanderbilt University to provide its ABM Performance Solutions (APS) model for the university's new 150,000 square foot campus in Manhattan’s Chelsea neighborhood. The scope of work includes end-to-end operational services such as cleaning, engineering, grounds management, and subcontract oversight to preserve and modernize the historic site. This contract expands ABM's footprint in the higher education sector, where the company currently serves more than 200 colleges and universities.

•6mo ago

ABM Recognized with Edison Award for Commercial Technology Innovation

ABM received an Edison Award in the Commercial Technology category for its ABM Connect data intelligence platform. The platform is recognized for unifying facility data to provide predictive insights and operational improvements. This accolade follows the company's recent inclusion on Fast Company's Most Innovative Companies list, reinforcing its digital strategy.

•6mo ago