Profile
Sector:
IndustrialsIndustry:
Specialty Business ServicesCountry:
United StatesIPO:
17 March 1980Website:
http://www.abm.comNext earnings report:
13 December 2024Last dividends:
03 October 2024Next dividends:
N/APrice
regular market | 14 min agoAnalysts recommendations
Institutional Ownership
ABM Latest News
RavenVolt buyout, which is a part of ABM's ELEVATE plan, helps the company to expand in new markets.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ABM Industries is a $3.2 billion leader in integrated facility-related services, specializing in diverse sectors like healthcare, microgrids, data centers, air cabin maintenance, and other end markets. ABM Industries Inc. boasts strong cash flow, a resilient business model, and efficient resource utilization, trading at a relative discount compared to peers. Strategic acquisitions, like RavenVolt, and tech innovations enhance ABM's market position, driving steady returns and organic growth in high-value end markets.
The recent 10% share price drop following Q3 earnings presents a potential buying opportunity due to solid fundamentals and nonrecurring headwinds. Net income dropped 95% YoY, mainly due to a $73.2M adjustment related to the RavenVolt acquisition and the absence of a $22.4M employee retention credit. Despite insider selling, I remain positive about ABM's fundamentals, with positive free cash flows and double-digit growth in the Technical Solutions and Aviation segments.
ABM's resilient services and sustainability focus have driven strong earnings, boosted by key acquisitions and demand in essential sectors.
ABM has consistently demonstrated its commitment to rewarding shareholders through dividends and share buybacks.
ABM Industries focuses on providing transparent and efficient offerings to its clients and improving its talent management system.
ABM's technical solutions, aviation and education segments reported y/y revenue growth in third-quarter fiscal 2024.
ABM Industries, Inc. (NYSE:ABM ) Q3 2024 Earnings Conference Call September 6, 2024 8:30 AM ET Company Participants Paul Goldberg - Senior Vice President, Investor Relations Scott Salmirs - President and Chief Executive Officer Earl Ellis - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Faiza Alwy - Deutsche Bank Jasper Bibb - Truist Securities Joshua Chan - UBS David Silver - CL King & Associates Tate Sullivan - Maxim Group Operator Greeting and welcome to the ABM Industries Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for ABM Industries (ABM) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
What type of business is ABM Industries Incorporated?
ABM Industries, Inc. provides services for commercial, industrial, and institutional buildings. The company was founded in 1909 and is headquartered in New York, New York. The Business & Industry segment includes cleaning, facility design, and parking services for commercial real estate properties, as well as sports and entertainment facilities. The "Education" segment provides cleaning, storage, landscaping, engineering, and parking services for public schools, private schools, colleges, and universities. The Technical Solutions segment provides mechanical and electrical services. The Healthcare segment offers cleaning services, facility management, clinical engineering, food and nutrition, laundry and linen, parking, and guest services.
What sector is ABM Industries Incorporated in?
ABM Industries Incorporated is in the Industrials sector
What industry is ABM Industries Incorporated in?
ABM Industries Incorporated is in the Specialty Business Services industry
What country is ABM Industries Incorporated from?
ABM Industries Incorporated is headquartered in United States
When did ABM Industries Incorporated go public?
ABM Industries Incorporated initial public offering (IPO) was on 17 March 1980
What is ABM Industries Incorporated website?
https://www.abm.com
Is ABM Industries Incorporated in the S&P 500?
No, ABM Industries Incorporated is not included in the S&P 500 index
Is ABM Industries Incorporated in the NASDAQ 100?
No, ABM Industries Incorporated is not included in the NASDAQ 100 index
Is ABM Industries Incorporated in the Dow Jones?
No, ABM Industries Incorporated is not included in the Dow Jones index
When was ABM Industries Incorporated the previous earnings report?
No data
When does ABM Industries Incorporated earnings report?
The next expected earnings date for ABM Industries Incorporated is 13 December 2024