ABM Industries Reports Growth in Q1 Fiscal 2025

Abm Industries Incorporated ( (ABM) ) has released its Q1 earnings. Here is a breakdown of the information Abm Industries Incorporated presented to its investors.

ABM Industries Incorporated is a leading provider of integrated facility, engineering, and infrastructure solutions, serving various sectors such as commercial real estate, aviation, and manufacturing. In its first quarter of fiscal 2025, ABM reported a revenue increase of 2.2% to $2.1 billion, with notable growth in its Technical Solutions and Aviation segments. The company’s net income slightly decreased to $43.6 million, while adjusted net income rose to $55.3 million. ABM’s adjusted EBITDA also saw an increase, reaching $120.6 million. Despite challenges, ABM successfully launched a new cloud-based ERP system, which is expected to enhance efficiency and synergy capture in the future. Looking ahead, ABM remains optimistic about its growth prospects in 2025, particularly in the commercial real estate market, and has raised the lower end of its adjusted EPS outlook for the fiscal year.