ABM Industries Inc
F:AB4
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ABM Industries Inc
F:AB4
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ABM Industries Inc
ABM Industries is a facilities services company. It cleans and maintains office buildings, schools, hospitals, factories, airports, and other large properties. It also handles services such as janitorial work, HVAC maintenance, electrical and mechanical repairs, parking management, landscaping, and airport support work. Its customers are building owners, property managers, schools, healthcare systems, manufacturers, and public agencies that want to outsource day-to-day upkeep and operations. ABM makes money by signing service contracts and then sending its teams, equipment, and management to keep those properties running. Some jobs are recurring and long term, while others are project-based maintenance or specialized technical work. In practice, ABM sits in the middle of the building services value chain: customers rely on it to do work that is necessary but not part of their core business, and ABM earns fees for handling that labor-intensive, on-site work. What makes ABM different is the mix of broad facility coverage and technical service depth. It is not just a cleaning company; it combines janitorial, engineering, and support services under one roof, which lets large clients use one vendor for many building needs. That makes ABM especially useful for customers with complex facilities that need steady, dependable maintenance across many locations.
ABM Industries is a facilities services company. It cleans and maintains office buildings, schools, hospitals, factories, airports, and other large properties. It also handles services such as janitorial work, HVAC maintenance, electrical and mechanical repairs, parking management, landscaping, and airport support work. Its customers are building owners, property managers, schools, healthcare systems, manufacturers, and public agencies that want to outsource day-to-day upkeep and operations.
ABM makes money by signing service contracts and then sending its teams, equipment, and management to keep those properties running. Some jobs are recurring and long term, while others are project-based maintenance or specialized technical work. In practice, ABM sits in the middle of the building services value chain: customers rely on it to do work that is necessary but not part of their core business, and ABM earns fees for handling that labor-intensive, on-site work.
What makes ABM different is the mix of broad facility coverage and technical service depth. It is not just a cleaning company; it combines janitorial, engineering, and support services under one roof, which lets large clients use one vendor for many building needs. That makes ABM especially useful for customers with complex facilities that need steady, dependable maintenance across many locations.
Revenue: ABM reported second-quarter revenue of $2.3 billion, up 8.4% year over year and a record for the quarter, with organic growth of 6.1%.
Bookings: First-half new sales bookings reached $1.2 billion, which management called a new record and a sign of strong demand across several strategic end markets.
Guidance: The company kept full-year adjusted EPS guidance at $3.85 to $4.15 and now expects organic revenue growth toward the high end of its 3% to 4% range.
Margins: Margins improved sequentially, and management expects a stronger step-up in the second half as ATS mix improves and price and cost actions take hold.
Leverage: Debt rose to 3.2x after the WGNSTAR acquisition, but ABM expects to bring leverage back below 3x by year-end.
Strategic mix: Growth was led by Technical Solutions, Aviation and M&D, while B&I was pressured by client exits, especially a large U.K. account and West Coast softness.
