Company: ABM
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000771497-25-000022
Chunk: 1

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 2
Chunk 1
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 is expected to deliver approximately $35.0 million of annualized cost savings. We expect to record $10.0 million in restructuring charges related to these actions in the fourth quarter.

We will continue to review our overhead and cost structure for efficiency opportunities under this program.

Segment Reporting

Our current reportable segments consist of B& I, M& D, Aviation, Education, and Technical Solutions, as further described below.

  B& I, our largest reportable segment, encompasses comprehensive facility solutions, including janitorial and maintenance, facilities engineering, and parking and transportation management to a ...  
  M& D provides integrated facility services, engineering, janitorial and maintenance, and other specialized solutions to a variety of manufacturing, distribution, and data center facilities. We ...  
  Aviation provides comprehensive support services to airlines and airports, including parking and transportation management, janitorial and maintenance services, passenger assistance, catering l...  
  Education delivers comprehensive facility services to public school districts, private schools, colleges, and universities. Our services include janitorial and custodial services, landscaping a...  
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  Technical Solutions specializes in comprehensive facility infrastructure services, including mechanical and electrical systems, EV charging station design, installation, and maintenance, as wel...  

Key Financial Highlights

• Revenues increased by $129.8 million, or 6.2%, to $2,224.0 million during the three months ended July 31, 2025, as compared to the prior year period. Revenue growth was comprised of organic growth of 5.0% and acquisition growth of 1.2%. The organic revenue growth was due to net new business and expansion of business with existing customers among all our industry groups. The increase in revenues includes strategic pricing decisions for contract rebids within B& I and for select new wins within M& D, as well as higher project revenues due to the higher microgrid projects within Technical Solutions. Acquisition growth was driven by a $25.5 million revenue increase from the Quality Uptime and LMC acquisitions.

• We had an increase in operating profit of $46.0 million, to $83.4 million, during the three months ended July 31, 2025, as compared to the prior year period. The increase was primarily attributed to:

◦ respective revenue increases for all industry groups and operational efficiencies within Aviation and Education.

The increase