3 stories mentioning ABM
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Scott B Salmirs, Director, President and CEO, on June 12, 2026, sold 50,000 shares in ABM Industries (ABM) for $2,317,012. Following the Form 4 filing with the SEC, Salmirs has control over a total of 395,285 common shares of the company, with 395,285 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/771497/000122520826005990/xslF345X05/doc4.xml
ABM Industries' (ABM) fiscal second-quarter results topped market expectations, while the facility services provider reiterated its full-year earnings outlook.The company on Friday posted adjusted earnings of $0.90 a share for the quarter ended April, up from $0.86 the year before and surpassing the FactSet-polled consensus for $0.88. Revenue improved 8.4% to $2.29 billion, exceeding the Street's view for $2.22 billion.The stock gained 1.3% in the most recent premarket activity."Our second-quarter performance was highlighted by organic revenue growth of 6.1% and record first-half new sales bookings of $1.2 billion," Chief Executive Scott Salmirs said in a statement. "Beyond the top line, we executed well in the quarter, resulting in improved margin on a sequential basis and continued solid free cash flow generation."For fiscal 2026, ABM continues to project adjusted EPS to come in between $3.85 and $4.15, compared with the average analyst estimate of $3.96. Revenue is now pegged to grow at the top end of the firm's previously issued guidance range of 4% to 5%. The Street is looking for $9.18 billion.The company expects "meaningfully" higher volume in its technical solutions and manufacturing and distribution businesses in the second half, Salmirs said.Revenue in the business and industry segment remained unchanged at $1.02 billion in the second quarter, as robust growth in the company's UK operations was largely offset by the exit of certain clients, it said. The manufacturing and distribution division revenue rose 17% to $463.8 million, buoyed by acquisitions, recent client wins and ongoing expansions.Aviation business sales advanced 20% to $310.8 million, reflecting healthy domestic air travel trends and the continued ramp of new contracts, according to ABM. Revenue in the technical solutions segment jumped 27%, while the education business ticked up 1.9%."We are encouraged by constructive demand trends across the majority of our end markets, and remain focused on executing with discipline as the broader macroeconomic environment continues to evolve," Salmirs said.
The benchmark US stock measures were mostly tracking in the red before the open Friday as traders await a key employment report for May.The S&P 500 decreased 0.5% and the Nasdaq was off 1% in premarket activity, while the Dow Jones Industrial Average edged up 0.1%. The indexes finished the previous trading session mostly up, with the Dow recording a fresh closing high.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 85,000 jobs in May, compared with a 115,000 gain reported for the month prior, according to a Bloomberg poll.Job cut announcements in May hit the highest for the month since 2020, Challenger, Gray & Christmas said Thursday, while US weekly applications for unemployment insurance rose unexpectedly. Earlier in the week, ADP (ADP) reported stronger-than-expected private-sector hiring for May.Treasury yields were down in premarket action, with the two-year rate retreating 0.4 basis points to 4.05% and the 10-year rate declining 0.2 basis points to 4.48%.Friday's economic calendar also has the weekly Baker Hughes oil-and-gas rig count at 1 pm.President Donald Trump reportedly said Thursday he'd be "honored" to meet Iran's new Supreme Leader Mojtaba Khamenei if a peace deal is agreed between Washington and Tehran. Mojtaba Khamenei was named the supreme leader in Iran after his father, Ali Khamenei, was killed in strikes by the US and Israel in late February.West Texas Intermediate crude oil slipped 0.2% to $92.87 a barrel before the opening bell, while Brent nudged 0.1% lower to $94.90.Hezbollah leader Naim Qassem on Thursday rejected a US-brokered ceasefire agreement between Israel and Lebanon. The two countries agreed to the truce, subject to Iran-backed Hezbollah ending all fire and evacuating its operatives from the South Litani Sector, according to a joint statement from the US, Israel and Lebanon released Wednesday.But just hours after the deal, Israeli forces and Hezbollah fighters launched strikes, CNN reported Thursday.Shares of Lululemon Athletica (LULU) dropped 13% pre-bell after the athletic apparel retailer lowered its full-year outlook amid certain headwinds and deteriorating sales trends. Micron Technology (MU) declined 3.3% after closing the previous session down 7.7%.ABM Industries (ABM) and G-III Apparel (GIII) report their latest financial results before the bell, among others.Gold decreased 0.3% to $4,491 per troy ounce, while bitcoin slid 1.6% to $62,671.