Quarterly ResultJun 5, 2026, 07:16 AM
ABM Industries Q2 Revenue $2.3B; Net Income $43.1M; Dividend $0.29
AI Summary
ABM Industries reported its fiscal second quarter 2026 results, with revenue increasing 8.4% to a record $2.3 billion. Net income rose to $43.1 million ($0.73/share) from $42.2 million ($0.67/share) in the prior year, though adjusted net income saw a slight decrease. The company also declared a quarterly dividend of $0.29 per share and reaffirmed its fiscal 2026 adjusted EPS outlook. Key growth drivers included Technical Solutions and Aviation segments.
Key Highlights
- ABM reported Q2 revenue of $2.3 billion, an 8.4% increase year-over-year.
- Net income was $43.1 million, or $0.73 per diluted share, up from $42.2 million, or $0.67 per diluted share, in the prior year.
- Adjusted net income was $52.9 million, or $0.90 per diluted share, compared to $54.1 million, or $0.86 per diluted share, in the prior year.
- The Board of Directors declared a quarterly dividend of $0.29 per share.
- Revenue growth was led by Technical Solutions (27%) and Aviation (20%).
- Operating cash flow was $66.2 million and free cash flow totaled $22.4 million.
- ABM reaffirmed its fiscal 2026 adjusted EPS outlook of $3.85 to $4.15.
Price Impact
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