ABM Industries Inc Releases Detailed 10-Q Report

By Philip Seaworth • Friday, September 05 15:32 • Permanent Link

ABM INDUSTRIES INC /DE/ has recently released its 10-Q report, providing a detailed insight into the company's financial condition and operational results. ABM Industries Incorporated is a leading provider of integrated facility, infrastructure, and mobility solutions operating through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments. The company offers a range of services including janitorial, facilities engineering, parking services, and vehicle maintenance for various industries.

In the 10-Q report, the management's discussion and analysis of financial condition and results of operations (MD&A) revealed key aspects of ABM's performance. The report highlighted the ELEVATE strategy, a multiyear strategic plan aimed at strengthening the company's industry leadership position through end-market repositioning and core service enhancement. ABM also launched a restructuring program to streamline operations and improve efficiency, with an expected annualized cost savings of approximately $35.0 million once fully implemented.

Financially, the report indicated a 6.2% increase in revenues to $2,224.0 million during the three months ended July 31, 2025, compared to the prior year period. Operating profit increased by $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 decreased to $101.0 million during the nine months ended July 31, 2025, from $196.3 million in the prior year period due to increased working capital requirements.

The report also provided segment reporting, with Business & Industry being the largest reportable segment, contributing $1,038.7 million in revenues during the three months ended July 31, 2025. The Manufacturing & Distribution segment generated $408.9 million in revenues, representing an 8.4% increase from the prior year period. Additionally, the report detailed operating profit margins for each segment, with Business & Industry's margin at 7.1%.

Today the company's shares have moved -0.25% to a price of $47.98. For the full picture, make sure to review ABM INDUSTRIES INC /DE/'s 10-Q report.

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