ABM Reports Q3 2026 Earnings with Revenue Growth and Updated Guidance
ABM (ABM) reported third-quarter earnings for fiscal year 2026, showing revenue of $2.3 billion—a 4.2% increase driven by growth in Aviation and Manufacturing segments. Adjusted EPS rose to $1.04 (+27%) due to higher operating profits and share repurchases. The company also noted a 12% rise in aviation revenue supported by travel demand, while manufacturing saw an 18% boost from technology expansions. ABM raised its fiscal year guidance for adjusted EPS ($3.95–$4.10), free cash flow ($210 million reported; $285 million normalized), and organic growth (3–4%). The company achieved a leverage ratio of 2.9 times, ahead of schedule to meet the target below 3.0x. Strong performance in high-growth markets like semiconductors—up 65% organically—and microgrids—17% growth—highlighted strategic investments and market demand. Despite overall revenue gains, Business and Industry segment revenue declined by 2.6%, attributed to the loss of a large UK client and softness in West Coast commercial real estate.
Tickers: $ABM
Topics: adjusted_eps ebitda free_cash_flow organic_growth revenue