ABM Industries Reports Record Q3 Revenue and Raises Full-Year Outlook
ABM Industries reported record third-quarter revenue of over $2.3 billion in fiscal 2026, a 4.2% increase year-over-year driven by organic growth and acquisitions like WGNSTAR. Adjusted earnings per share (EPS) rose 27% to $1.04 from the prior year's $0.82. The company raised its full-year adjusted EPS forecast to between $3.95–$4.10, upping both the midpoint and range of previous guidance. Despite challenges in Aviation margins and a $15 million deferral in Technical Solutions projects into Q4, growth platforms such as semiconductor services, microgrids, and data centers performed strongly. Free-cash-flow for fiscal 2026 was also raised to approximately $210 million from an earlier forecast of $185 million. ABM's CFO attributed improved cash flow in part to better working-capital management and the stabilization of its enterprise resource planning system, which helped accelerate collections during Q3. The company expects fourth-quarter margins to exceed 8%, supported by stronger performance in Technical Solutions.
