ABM INDUSTRIES INC /DE/

Listed Company

ABMCIK 0000771497NYSELarge AcceleratedServices-To Dwellings & Other BuildingsDelawareFY ends Oct 31

Period

FY 2025

Revenue

$8.75B

Net Income

$162.40M

Total Assets

$5.27B

Equity

$1.79B

Shares Out

58.53M

Op. Cash Flow

$234.40M

Business

ABM Industries Inc. provides integrated facility maintenance, engineering and infrastructure solutions to commercial, industrial, education, aviation and other clients. Its main services include janitorial and custodial services, facilities engineering, HVAC and mechanical, electrical and lighting, parking and transportation management, landscaping, energy efficiency and sustainability solutions, microgrid and UPS systems installation, EV charging and mission-critical maintenance. The company operates through five reportable segments: Business & Industry, Manufacturing & Distribution, Education, Aviation and Technical Solutions. It serves customers primarily in the United States and also in the United Kingdom, Ireland and other international markets through competitive bids, master services agreements, franchise arrangements and various contract types.

Summary from filing dated 2025-12-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Revenues	8,746	8,359	8,096	7,807	6,229
Operating expenses	7,671	7,326	7,038	6,758	5,258
Selling, general and administrative expenses	697	765	573	628	719
Restructuring and related expenses	13	0	0	0	0
Amortization of intangible assets	53	56	77	72	45
Operating profit	312	212	410	349	206
Income from unconsolidated affiliates	5	7	4	2	2
Interest expense	−96	−85	−82	−41	—
Income before income taxes	220	134	331	310	180
Income tax provision	−58	−52	−80	−80	−54
Net income	162	81	251	230	126
Interest rate swaps	−9	−23	−500,000	37	5
Foreign currency translation and other	6	7	7	−20	5
Income tax provision	2	6	100,000	−11	−2
Comprehensive income	161	72	258	237	135
Basic (in USD per share)	2.61	1.29	3.81	3.44	1.87
Diluted (in USD per share)	2.59	1.28	3.79	3.41	1.86
Basic (in shares)	62	63	66	67	67
Diluted (in shares)	63	64	66	68	68

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	104	65	70	73	63
Trade accounts receivable, net of allowances of $25.5 and $22.8 at October 31, 2025 and 2024, respectively	1,471	1,384	1,365	1,279	1,137
Costs incurred in excess of amounts billed	194	162	139	76	53
Prepaid expenses	91	103	79	82	89
Other current assets	79	75	59	52	60
Total current assets	1,939	1,789	1,711	1,561	1,401
Other investments	49	31	29	15	12
Property, plant and equipment, net of accumulated depreciation of $379.8 and $351.3 at October 31, 2025 and 2024, respectively	177	151	132	125	112
Right-of-use assets	95	101	113	115	127
Other intangible assets, net of accumulated amortization of $532.2 and $479.3 at October 31, 2025 and 2024, respectively	243	282	303	379	425
Goodwill	2,591	2,576	2,491	2,486	2,229
Other noncurrent assets	176	168	155	189	131
Total assets	5,270	5,097	4,934	4,869	4,436
Current portion of debt, net	29	32	32	182	31
Trade accounts payable	401	324	299	316	289
Accrued compensation	195	296	250	247	238
Accrued taxesother than income	48	56	59	125	125
Deferred revenue	75	64	90	46	—
Insurance claims	201	198	177	171	171
Income taxes payable	4	5	18	7	11
Current portion of lease liabilities	28	27	33	30	32
Other accrued liabilities	324	348	261	230	387
Total current liabilities	1,306	1,348	1,218	1,353	1,286
Long-term debt, net	1,537	1,302	1,280	1,086	853
Long-term lease liabilities	84	92	99	105	117
Deferred income tax liability, net	40	60	85	90	23
Noncurrent insurance claims	459	422	388	388	413
Other noncurrent liabilities	54	87	61	126	124
Noncurrent income taxes payable	4	4	4	4	13
Total liabilities	3,484	3,315	3,134	3,152	2,827
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value; 500,000 shares authorized; none issued	0	0	0	0	0
Common stock, $0.01 par value; 100,000,000 shares authorized; 60,176,611 and 62,196,665 shares issued and outstanding at October 31, 2025 and 2024, respectively	600,000	600,000	600,000	700,000	700,000
Additional paid-in capital	437	527	559	676	751
Accumulated other comprehensive loss, net of taxes	−21	−19	−9	−16	−23
Retained earnings	1,368	1,273	1,250	1,057	880
Total stockholders equity	1,786	1,782	1,800	1,717	1,609
Total liabilities and stockholders equity	5,270	5,097	4,934	4,869	4,436

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation and amortization	106	107	121	112	90
Deferred income taxes	−22	−25	−5	68	−48
Share-based compensation expense	38	30	31	31	34
Provision for bad debt	7	9	3	−8	600,000
Discount accretion on insurance claims	700,000	600,000	400,000	100,000	100,000
Impairment of assets	4	0	0	—	—
Loss on sale of assets	−200,000	−600,000	−100,000	−800,000	200,000
Distributions from unconsolidated affiliates	6	5	2	2	2
Change in fair value of contingent consideration	−2	96	−46	0	0
Trade accounts receivable and costs incurred in excess of amounts billed	−110	−33	−153	−144	−125
Prepaid expenses and other current assets	24	−40	−7	20	7
Right-of-use assets	6	13	2	15	19
Other noncurrent assets	−17	−34	34	−21	14
Trade accounts payable and other accrued liabilities	53	−11	−4	−143	266
Long-term lease liabilities	−8	−7	−6	−15	−16
Insurance claims	40	54	5	−17	−28
Income taxes payable	−9	−7	15	−32	8
Other noncurrent liabilities	−38	−4	4	−69	−35
Total adjustments	72	145	−8	−210	188
Net cash provided by operating activities	234	227	243	20	314
Additions to property, plant and equipment	−79	−59	−53	−51	−34
Proceeds from sale of assets	400,000	2	3	6	—
Purchase of businesses, net of cash acquired, and equity securities	−37	−114	−12	—	—
Net cash used in investing activities	−116	−172	−62	−242	−740
Taxes withheld from issuance of share-based compensation awards, net	−7	−7	−11	−10	−8
Repurchases of common stock, including excise taxes	−122	−56	−138	−98	0
Dividends paid	−66	−57	−58	−52	−51
Deferred financing costs paid	−8	0	0	0	−6
Borrowings from debt	1,847	1,334	1,179	1,479	358
Repayment of borrowings from debt	−1,613	−1,313	−1,136	−1,097	−194
Changes in book cash overdrafts	−47	41	−20	4	−18
Financing of energy savings performance contracts	0	0	500,000	10	—
Repayment of finance lease obligations	−5	−4	−3	−2	−3
Cash paid to settle the contingent consideration liability	−59	0	0	—	—
Net cash used in financing activities	−80	−62	−186	236	92
Effect of exchange rate changes on cash and cash equivalents	900,000	2	2	−4	2
Net increase (decrease) in cash and cash equivalents	40	−5	−4	10	−331
Income tax payments, net	88	83	69	46	94
Interest paid on credit facility	100	99	89	29	14

Filings

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