Company: ABM
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0000771497-25-000014
Chunk: 8

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 2
Chunk 8
---
 Revenues                          $                                  $      $                            0.4%  
  Operating profit                  79.3                            85.0      (5.7)                      (6.7)%  
  Operating profit margin           10.0                            10.8      (76) bps                           

M& D revenues increased by $2.9 million, or 0.4%, to $792.4 million during the six months ended April 30, 2025, as compared to the prior year period. The increase was primarily attributable to the expansion of business with existing customers, partially offset by a loss of a certain customer in the first quarter of 2025.

Operating profit decreased by $5.7 million, or 6.7%, to $79.3 million during the six months ended April 30, 2025, as compared to the prior year period. Operating profit margin decreased by 76 bps to 10.0% in the six months ended April 30, 2025, from 10.8% in the six months ended April 30, 2024. The decrease in operating profit margin was primarily attributable to the change in the contract mix and investments made in the fourth quarter of 2024 to hire certain technical expertise to support future growth.

  Aviation                                                                                    
                               Six Months Ended April 30,                                     
  ($ in millions)              2025                            2024      Increase             
  Revenues                     $                                  $      $              8.7%  
  Operating profit             28.7                            22.8      5.9           26.1%  
  Operating profit margin      5.4                              4.7      75 bps               

Aviation revenues increased by $42.4 million, or 8.7%, to $530.2 million during the six months ended April 30, 2025, as compared to the prior year period. The increase was primarily attributable to new business and scope expansions with the existing clients both domestically and internationally. Management reimbursement revenues for this segment totaled $23.2 million and $17.7 million for the six months ended April 30, 2025 and 2024, respectively.

Operating profit increased by $5.9 million, or 26.1%, to $28.7 million during the six months ended April 30, 2025, as compared to the prior year period. Operating profit margin increased by 75 bps