Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 158

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 158
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ability.

C-1ABM Industries Incorporated 2025 Proxy Statement

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2023-2025 TSR-Modified Performance Shares Award Metric Definitions:

M&A Adjusted EBITDA means Net Income before interest expense, taxes, depreciation and amortization and excluding items impacting comparability, further adjusted to exclude the impact of significant acquisitions and significant divestitures (1) and the impact of adopting any new accounting standards.

Organic Revenue means the Company’s revenue for fiscal years 2024-2026, adjusted to exclude the impact of significant acquisitions and significant divestitures (1) and the impact of adopting any new accounting standards.

A significant acquisition means an acquisition in which the annual revenues of the acquired business exceed $125 million or the purchase price exceeds $50 million. A significant divestiture means a divestiture in which the annual revenues of the divested entity exceed $125 million or the proceeds received from the sale exceed $50 million.

2024-2026 TSR-Modified Performance Shares Award Metric Definitions:

M&A Adjusted EBITDA means Net Income before interest expense, taxes, depreciation and amortization and excluding items impacting comparability, further adjusted to exclude the impact of adopting any new accounting standards and any divestitures, and further adjusted to include the impact of acquisitions.

Adjusted Revenue means the Company’s revenue for fiscal years 2024-2026, adjusted to exclude the impact of adopting any new accounting standards and any divestitures, and further adjusted to include the impact of acquisitions.

2022-2024 TSR-Modified Performance Shares Award Reconciliations:

|                                                                         |     | Years Ended October 31, |          |          |        |
|                                                                         |     |                    2024 |     2023 |     2022 |        |
| Reconciliation of Net Income to Adjusted EBITDA and M&A Adjusted EBITDA |     |                         |          |          |        |
| Net Income                                                              |     |                   $81.4 |   $251.3 |   $230.4 |        |
| Items impacting comparability(1)                                        |     |                   172.9 |     -4.9 |     34.5 |        |
| Income tax provision                                                    |     |                    52.2 |     79.7 |     79.6 |        |
| Interest expense                                                        |     |                    85.0 |     82.3 |     41.1 |        |
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