Quarterly ResultJun 5, 2026, 11:36 AM
ABM Q2 Revenue $2.29B, Net Income $43.1M; EPS $0.73
AI Summary
ABM Industries reported its second-quarter results with revenues increasing to $2.29 billion and net income rising to $43.1 million, resulting in diluted earnings per share of $0.73. For the six months ended April 30, 2026, revenues grew to $4.53 billion, though net income slightly decreased to $81.8 million. The company completed the acquisition of WGNSTAR for $283.4 million and continued its restructuring program, incurring $6.8 million in related expenses during the six-month period.
Key Highlights
- Q2 2026 revenues increased to $2.29 billion from $2.11 billion in Q2 2025.
- Q2 2026 net income rose to $43.1 million, up from $42.2 million in Q2 2025.
- Diluted EPS for Q2 2026 was $0.73, compared to $0.67 in Q2 2025.
- Acquired WGNSTAR for $283.4 million in cash, contributing $36.6 million in Q2 revenue.
- Recognized $6.8 million in restructuring and related expenses for the six months.
- Net cash provided by operating activities was $128.2 million for the six months.
- Repurchased $94.7 million of common stock during the six months.
- Declared cash dividends of $0.290 per share for Q2 2026.