Company: ABM
Filing Date: 2025-03-12
Form Type: 10-Q
Source: 0000771497-25-000005
Chunk: 17

Company: ABM INDUSTRIES INC /DE/
Filing Date: 2025-03-12
Form: 10-Q
Item: Part II, Item 2
Chunk 17
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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Common Stock Repurchases

Effective December 13, 2023, our Board of Directors expanded our existing share repurchase program by an additional $150.0 million. Share repurchases may take place on the open market or otherwise, and all or part of

the repurchases may be made pursuant to Rule 10b5-1 plans or in privately negotiated transactions. The timing of repurchases is at our discretion and will depend upon several factors, including market and business conditions, future cash flows, share price, share availability, and other factors. Repurchased shares are retired and returned to an authorized but unissued status. The repurchase program may be suspended or discontinued at any time without prior notice.

The following table sets forth, for the months indicated, our purchases of common stock in the first quarter of fiscal year 2025:

  (in millions, except per share amounts)      Total Number of Shares Purchased      Average Price Paid per Share                 Total Number of Shares Purchased as Part of Publicly Announced Plan      Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Period                                                                                                                                                                                                                                                                                           
  11/01/2024-11/30/2024                                                       —      $                                     —                                                                        —      $                                                                                154.5  
  12/01/2024-12/31/2024                                                    0.22      $                                 51.07                                                                     0.22      $                                                                                143.3  
  1/1/2025-01/31/2025                                                      0.20      $                                 51.41                                                                     0.20      $                                                                                133.2  
  Total                                                                    0.42      $                                 51.23                                                                     0.42                                                                                              

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.