ABM Industries Reports 4.6% Revenue Increase to $2.1B and Adjusted EPS of $0.86 for Fiscal Q2 2025

Reuters
06-06
ABM Industries Reports 4.6% Revenue Increase to $2.1B and Adjusted EPS of $0.86 for Fiscal Q2 2025

ABM Industries Incorporated reported a 4.6% increase in revenue for the fiscal second quarter of 2025, reaching $2.1 billion. Organic growth contributed 3.8% to this increase, while acquisitions accounted for an additional 0.8%. The company noted significant growth in its Technical Solutions $(ATS)$ and Aviation segments, with revenues increasing by 19% and 9%, respectively, driven in part by higher microgrid revenue. The Business & Industry segment saw a 3% growth, supported by recovery in the U.S. prime office space market, while the Manufacturing & Distribution segment rose by 2% due to new client wins and favorable comparisons to the previous year. The Education segment grew by 1%. ABM reported a net income of $42.2 million, or $0.67 per diluted share, compared to $43.8 million, or $0.69 per diluted share, in the prior year. Adjusted net income was $54.1 million, with adjusted earnings per diluted share of $0.86, an increase from $52.3 million, or $0.82 per diluted share, in the previous year. Adjusted EBITDA rose to $125.9 million from $121.0 million in the prior year. The company reaffirmed its full-year adjusted EPS outlook, expecting it to range from $3.65 to $3.80. CEO Scott Salmirs highlighted the return to organic revenue growth in the Business & Industry segment and new business wins driving growth in the Manufacturing & Distribution segment. ABM also secured $1.1 billion in new bookings in the first half of the year, marking an 11% year-over-year increase.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ABM Industries Incorporated published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-082687), on June 06, 2025, and is solely responsible for the information contained therein.

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