ABM INDUSTRIES INC /DE/ has recently released its 10-Q report, providing a detailed insight into its financial condition and results of operations. ABM Industries Incorporated is a leading provider of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The company operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments, offering a wide range of services including janitorial, facilities engineering, parking services, vehicle maintenance, and more.
The company's ELEVATE strategy, announced in December 2021, is designed to strengthen its industry leadership position through end-market repositioning and build on core services. ABM Industries Incorporated also launched a restructuring program in the fourth quarter of 2025 to streamline operations and improve efficiency, with expected annualized cost savings of approximately $35.0 million once fully implemented in early 2026.
In terms of financial highlights, revenues increased by $129.8 million, or 6.2%, to $2,224.0 million during the three months ended July 31, 2025, compared to the prior year period. Operating profit saw an increase of $46.0 million to $83.4 million during the same period. The effective tax rates for the three months ended July 31, 2025, and July 31, 2024, were 29.6% and 74.0%, respectively.
Net cash provided by operating activities was $101.0 million during the nine months ended July 31, 2025, compared to $196.3 million during the same period in 2024. Dividends of $49.4 million were paid to shareholders, and dividends totaling $0.795 per common share were declared during the nine months ended July 31, 2025. Additionally, in August 2025, the company repurchased 0.49 million shares for $23.0 million, excluding excise taxes, making the total share purchases in 2025 1.46 million shares for $71.3 million, excluding excise taxes.
At July 31, 2025, total outstanding borrowings under the company's Amended Credit Facility were $1.5 billion, with up to $621.7 million of borrowing capacity. The report also provides a detailed breakdown of the financial performance of each reportable segment, including revenues and operating profit for Business & Industry, Manufacturing & Distribution, Aviation, Education, and Technical Solutions. The market has reacted to these announcements by moving the company's shares -1.27% to a price of $48.10. Check out the company's full 10-Q submission here.
