ABM Industries Incorporated — Company summary

Overview

• Leading provider of integrated facility maintenance, engineering and infrastructure solutions.
• Mission: “make a difference, every person, every day.”
• Principal executive office: One Liberty Plaza, 7th Floor, New York, NY.
• Publicly traded on the NYSE (ticker: ABM).

Scale & financials (fiscal year ended October 31, 2025)

• Revenue: $8,745.9 million.
• Operating profit: $311.7 million.
• Net income: $162.4 million.
• Gross margin: 12.3%.
• Net cash provided by operating activities: $234.4 million.
• Total assets (October 31, 2025): $5,269.5 million.
• Outstanding borrowings under credit facility (October 31, 2025): $1,569.0 million (borrowing capacity remaining: $577.5 million).
• Dividends paid in 2025: $65.6 million.
• 2025 share repurchases: 2.56 million shares for $121.3 million (excluding excise taxes).

Customers and geography

• Serves more than 20,000 clients across multiple countries.
• U.S. operations generated ~92% of 2025 revenues.
• Significant customer concentrations noted in certain segments:
  • One client accounted for ~32% of Manufacturing & Distribution segment revenues in 2025.
  • One client accounted for ~30% of Technical Solutions segment revenues in 2025.
  • Two clients together accounted for ~27% of Aviation segment revenues in 2025.

Workforce

• Total employees (October 31, 2025): approximately 113,000.
  • Frontline employees: 92% of workforce.
  • Staff and management: 8% of workforce.
  • Union-represented employees: ~51,000 (about 45% of employees), covered by ~300 collective bargaining agreements.
• Direct labor costs represented 68% of 2025 revenue.

Business model — primary services and contract types

• Core service lines (can be provided stand-alone or bundled):
  • Janitorial and custodial services.
  • Facilities engineering and operations & maintenance.
  • Parking and transportation management.
  • Technical solutions: electrical, mechanical, HVAC, lighting, energy efficiency, microgrids, EV charging, UPS and critical-power services, switchgear, battery and PDU maintenance.
  • Landscaping and turf services.
  • Mission-critical/data-center services (UPS maintenance, power testing, breaker testing).
• Typical contract types: monthly fixed-price, square-foot, cost-plus, work orders (supplemental), transaction-price (per event), hourly, parking arrangements (management reimbursement, leased location, allowance), energy savings contracts and fixed-price repair/refurbishment, and franchise agreements for certain technical services.

Reportable segments (2025 results)

• Business & Industry (B&I)
  • Revenue: $4,126.0 million
  • Operating profit: $316.9 million (margin 7.7%)
• Manufacturing & Distribution (M&D)
  • Revenue: $1,618.6 million
  • Operating profit: $151.4 million (margin 9.4%)
• Aviation
  • Revenue: $1,118.7 million
  • Operating profit: $65.2 million (margin 5.8%)
• Education
  • Revenue: $922.0 million
  • Operating profit: $67.7 million (margin 7.3%)
• Technical Solutions
  • Revenue: $960.6 million
  • Operating profit: $86.5 million (margin 9.0%)

Recent strategic initiatives & M&A activity

• Multiyear transformation and systems modernization program: ELEVATE — centralized functions, go-to-market by industry, sales capability strengthening, ERP and systems modernization.
• 2025 restructuring program (announced Q4 2025) intended to streamline support functions and deliver approximately $35.0 million of annualized cost savings when fully implemented; $13.4 million of restructuring charges recorded in Q4 2025.
• Notable acquisitions (historical and recent): OneSource, Linc Group, Air Serv, GCA, Able (Crown), RavenVolt (microgrids/EV), Momentum (Ireland), Quality Uptime (UPS maintenance, acquired June 2024), LMC FM (Ireland, acquired June 1, 2025).
  • LMC acquisition: purchase price ≈ $22.5 million cash plus up to $5.8 million contingent consideration.
  • Quality Uptime acquisition (June 21, 2024): net cash purchase price $116.3 million.

Risk and operating context (selected factual items from disclosure)

• Highly competitive markets with low barriers to entry; many contracts awarded by competitive bid.
• Large and distributed workforce creates exposure to labor shortages, turnover, wage inflation, and collective bargaining.
• Significant international operations in the United Kingdom and Ireland (subject to local laws such as GDPR, Modern Slavery Act, Bribery Act).
• Information technology and cybersecurity risks, including ERP modernization (ongoing since 2023) that could disrupt invoicing and operations.
• Self-insurance and captive insurance (IFM Assurance Company) used for certain risk retention (insurance reserves and claim liabilities recorded; self-insurance reserves net of recoverables $558.6 million as of October 31, 2025; total insurance reserves recorded $660.1 million).

Governance & reporting

• Executive leadership example: Scott Salmirs, President and Chief Executive Officer (President & CEO since March 2015).
• ABM issues annual Corporate Responsibility reports (aligned with GRI, SASB, IFRS Sustainability Disclosure Standards).
• ABM paid quarterly cash dividends every quarter since 1965 (dividend per share in 2025 totaled $1.06).

(End of summary — all items are drawn from the provided Form 10‑K text.)