Company: ABM
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000950170-25-020776
Chunk: 157

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 157
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 the Employee’s Compensation.

“ Subscription Date ” means the last Business Day prior to the Offering Date of an Offering Period or such earlier date as the Company shall establish.

“ Subsidiary ” means any present or future “subsidiary corporation” of the Company, as defined in Section 424(f) of the Code.

“Voting Stock” means securities entitled to vote generally in the election of Directors.

Construction . Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of this Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular.

B-8ABM Industries Incorporate 2025 Proxy Statement

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<div align='center'>APPENDIX C–CALCULATIONS OF NON-GAAP FINANCIAL MEASURES

(UNAUDITED)</div>

The most directly comparable GAAP performance measures and information reconciling non-GAAP performance measures used in this Proxy Statement to our reported financial results prepared in accordance with GAAP are included in the tables below.

| 2024 Business Performance Highlights and Related Reconciliations:                     
 (in millions)                                                                         |     | Year Ended October 31, 
                   2024 |
|:--------------------------------------------------------------------------------------|:----|-----------------------:|
| Reconciliation of Net Income to Adjusted EBITDA                                       |     |                        |
| Net Income                                                                            |     |                  $81.4 |
| Items impacting comparability(1)                                                      |     |                  172.9 |
| Income tax provision                                                                  |     |                   52.2 |
| Interest expense                                                                      |     |                   85.0 |
| Depreciation and amortization                                                         |     |                  106.6 |
| Adjusted EBITDA                                                                       |     |                  498.1 |
| Net Income margin as a % of revenues (Net Income / Revenue)                           |     |                   1.0% |
| Revenues Excluding Management Reimbursement                                           |     |                        |
| Revenues                                                                              |     |               $8,359.4 |
| Management reimbursement                                                              |     |                 -318.2 |
| Revenues excluding management reimbursement                                           |     |               $8,041.2 |
| 2024 Adjusted EBITDA margin as a % of revenues excluding management                   |     |                        |
| reimbursement (Adjusted EBITDA / Revenues Excluding Management Reimbursement)         |     |