Every material Form 8-K ABM Industries has filed with the SEC since October 17, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
ABM Industries disclosed that Executive Vice President and Chief Operating Officer Rene Jacobsen will voluntarily retire effective February 1, 2027. He will move to an Executive Advisor role from November 1, 2026 until his retirement date, so the operations chief role will change hands during that period.
Rene Jacobsen gave notice on October 28, 2026 of his voluntary retirement, effective February 1, 2027.
Jacobsen moves from Executive Vice President and Chief Operating Officer to Executive Advisor effective November 1, 2026.
The filing does not name a successor or state any financial figures related to the change.
ABM reported fiscal third-quarter 2026 revenue up 4.2% to a quarterly record of $2.3 billion and net income up 19% to $49.7 million, or $0.84 per diluted share. The company raised the midpoint of its full-year adjusted EPS outlook to $3.95 to $4.10 and lowered its segment operating margin outlook, while declaring a $0.29 quarterly dividend.
Revenue rose 4.2% to $2.3 billion, with 2.1% organic growth and 2.1% from acquisitions; Technical Solutions revenue was affected by deferred projects.
Net income was $49.7 million, or $0.84 per diluted share, versus $41.8 million, or $0.67, a year earlier; adjusted EPS was $1.04 versus $0.82.
Adjusted EPS outlook midpoint raised to $3.95 to $4.10 from $3.85 to $4.15; segment operating margin outlook narrowed to 7.7% to 7.8% from 7.8% to 8.0%.
Board declared a $0.29 per share dividend payable November 2, 2026, to holders of record on October 1, 2026.
ABM reported fiscal second quarter 2026 revenue of $2.3 billion, up 8.4% year over year, and net income of $43.1 million, or $0.73 per diluted share, up from $0.67. Adjusted EPS was $0.90 versus $0.86, but segment operating margin fell to 7.3% from 7.9%. The company reaffirmed its fiscal 2026 adjusted EPS range of $3.85 to $4.15 and declared a $0.29 quarterly dividend.
Revenue rose 8.4% to $2.3 billion, including 6.1% organic growth and 2.3% from acquisitions
Net income was $43.1 million, or $0.73 per diluted share, versus $42.2 million, or $0.67, a year earlier; adjusted EPS was $0.90 versus $0.86
Segment operating margin was 7.3% versus 7.9%, and the company now expects it toward the low end of its 7.8% to 8.0% range
Quarterly dividend of $0.29 per share is payable August 3, 2026, to holders of record on July 2, 2026
ABM reported fiscal first-quarter 2026 results for the period ended January 31, 2026, with revenue up 6.1% to $2.2 billion while net income fell to $38.8 million, or $0.64 per diluted share, from $43.6 million, or $0.69, a year earlier. The company said segment operating margin of 7.1% was below its expectations, mainly due to Technical Solutions, and it left its fiscal 2026 outlook unchanged and declared a $0.29 quarterly dividend.
Revenue was $2.2 billion, up 6.1% year over year, including 5.5% organic growth.
Net income was $38.8 million, or $0.64 per diluted share, versus $43.6 million, or $0.69; adjusted EPS was $0.83 versus $0.87.
Segment operating margin was 7.1% versus 7.6%, with Technical Solutions operating profit down 49.0%.
Fiscal 2026 outlook was reaffirmed, with adjusted EPS expected at $3.85 to $4.15; a $0.29 dividend is payable May 4, 2026, to holders of record on April 2, 2026.
ABM Industries amended its credit agreement on February 3, 2026, and drew $255.0 million under a new incremental term loan. The company said the proceeds partly funded its previously disclosed acquisition of Iveagh New Opportunities Limited for about $275.0 million in cash. The amendment also raises the annual cap on shareholder payouts, which matters for dividend capacity.
Company incurred $255.0 million of a new First Incremental Term Loan on February 3, 2026
Term SOFR loans priced at 2.000% per annum and Base Rate loans at 1.000% until pricing grid applies after the quarter ending April 30, 2026
Restricted payments cap raised to the greater of $72.0 million and $1.16 per share, up from $50.0 million and $1.00 per share
Proceeds partly fund Iveagh acquisition with aggregate purchase price of approximately $275.0 million in cash
ABM reported fourth-quarter fiscal 2025 revenue of $2.3 billion, up 5.4%, and net income of $34.8 million, compared with a net loss a year earlier. Adjusted diluted EPS was flat at $0.88, and the company gave fiscal 2026 adjusted EPS guidance of $3.85 to $4.15. ABM also agreed to acquire WGNSTAR for about $275 million in cash, subject to regulatory approvals.
Q4 revenue $2.3 billion, up 5.4%; net income $34.8 million ($0.56 per diluted share) vs. a net loss of $11.7 million a year earlier
Adjusted diluted EPS $0.88, unchanged from the prior year; Q4 adjusted EBITDA $124.2 million vs. $125.6 million, including a $22.2 million pre-tax prior-year self-insurance impact
Fiscal 2026 adjusted EPS guidance of $3.85 to $4.15, before any prior-year self-insurance adjustments
Share purchase agreement signed December 15, 2025, for WGNSTAR at about $275 million in cash; closing requires HSR waiting period expiration and Irish regulatory approvals
ABM Industries appointed Barry A. Hytinen, currently Executive Vice President and Chief Financial Officer of Iron Mountain, as a director effective immediately on October 29, 2025, increasing the board from eleven to twelve members. The filing describes his director pay as the same as other non-employee directors, plus a pro-rated annual restricted stock unit award and standard indemnification terms.
Barry A. Hytinen elected to the Board on October 29, 2025, effective immediately, on the Governance Committee's recommendation
Board size increased from eleven to twelve directors
Compensation matches other non-employee directors, plus a pro-rated annual restricted stock unit award and standard indemnification agreement
Hytinen previously served as CFO of Hanesbrands and Tempur Sealy International, and is currently EVP and CFO of Iron Mountain
ABM reported fiscal third-quarter 2025 revenue up 6.2% to $2.2 billion, and GAAP net income rose to $41.8 million from $4.7 million a year earlier, partly because the prior year included a $36 million contingent consideration adjustment. Adjusted EPS slipped to $0.82 from $0.84, and the company now expects fiscal 2025 adjusted EPS toward the lower end of its $3.65 to $3.80 range, citing higher interest expense and margin pressure, while launching a restructuring program and raising its buyback authorization by $150 million.
Adjusted EPS was $0.82 versus $0.84 a year earlier; GAAP diluted EPS was $0.67 versus $0.07
Fiscal 2025 adjusted EPS expected toward the lower end of the $3.65 to $3.80 range
Restructuring program expected to deliver approximately $35 million of annualized cost savings, with about $10 million in charges in the fourth quarter
Board raised share repurchase authorization by $150 million; $233 million remains; quarterly dividend of $0.265 payable November 3, 2025
ABM Industries elected Carol A. Clements as a director effective immediately on June 11, 2025, and increased the board from ten to eleven members. She has not yet been assigned to a board committee. The filing describes a board seat change and does not report financial results or guidance.
Carol A. Clements elected to the Board effective immediately, with the Board size increased from ten to eleven directors
Clements is Chief Digital and Technology Officer at JetBlue Airways Corporation, per the press release
She will receive standard non-employee director compensation, a pro-rated annual restricted stock unit award, and an indemnification agreement
Clements has not yet been appointed to any Board committee
ABM Industries appointed David Orr, its Senior Vice President of Financial Planning and Analysis, as Executive Vice President and Chief Financial Officer on June 6, 2025, succeeding Earl Ellis, who had served as CFO since November 2020. Ellis is expected to remain as Senior Advisor until no later than September 5, 2025. The filing discloses the compensation terms for the new CFO and severance terms for Ellis, but no financial results.
Orr's base salary set at $560,000, with target annual cash incentive of 85% and target equity incentive of 175% of base salary
Promotion equity grants of $180,000 in Restricted Stock Units and $270,000 in Performance Shares
Earl Ellis expected to serve as Senior Advisor until no later than September 5, 2025, with severance subject to a release of claims
ABM reported fiscal second-quarter 2025 results for the quarter ended April 30, 2025, with revenue up 4.6% to $2.1 billion while GAAP net income fell 3.7% to $42.2 million. The company reaffirmed its full-year 2025 adjusted EPS outlook of $3.65 to $3.80 and declared a $0.265 quarterly dividend, but operating cash flow fell sharply to $32.3 million, which shareholders may watch as the ERP transition continues.
Revenue rose 4.6% to $2.1 billion, including 3.8% organic growth; Technical Solutions grew 19% and Business & Industry grew 3%.
Net income was $42.2 million, or $0.67 per diluted share, versus $43.8 million, or $0.69, a year earlier.
Adjusted EPS was $0.86 versus $0.82; the company stopped excluding prior-year self-insurance adjustments from its non-GAAP measures after SEC staff communications.
Full-year 2025 adjusted EPS outlook of $3.65 to $3.80 was reaffirmed; the $0.265 dividend is payable August 4, 2025 to holders of record on July 3, 2025.
At its March 26, 2025 annual meeting, ABM stockholders approved an amended equity and incentive plan that raises authorized shares by 2,425,000 to 6,400,000, and a new 2025 employee stock purchase plan reserving 1,500,000 shares. All ten director nominees were elected and the advisory say-on-pay and KPMG auditor ratification passed, so shareholders should note the potential dilution from the added share reserves.
Equity plan authorized shares rise by 2,425,000, from 3,975,000 to 6,400,000.
New 2025 ESPP reserves 1,500,000 shares and replaces the 2004 plan; first offering period runs July 1 to September 30, 2025.
ESPP offers a 5% discount to fair market value; non-employee director annual compensation capped at $750,000.
KPMG LLP was ratified as independent auditor for fiscal 2025 with 56,561,086 votes for.
ABM reported first-quarter fiscal 2025 revenue of $2.1 billion, up 2.2%, with net income of $43.6 million, or $0.69 per diluted share, versus $0.70 a year earlier. The company raised the low end of its full-year adjusted EPS outlook by $0.05 to a range of $3.65 to $3.80 and declared a $0.265 quarterly dividend, but free cash flow was negative $122.9 million, which management attributed mainly to a temporary working capital increase during its new ERP system transition.
Revenue of $2.1 billion, up 2.2%, including 1.6% organic growth; Technical Solutions revenue rose 21.9% and Aviation rose 8.2%
Net income of $43.6 million ($0.69 per diluted share) vs. $44.7 million ($0.70) a year earlier; adjusted EPS of $0.87 vs. $0.86
Fiscal 2025 adjusted EPS outlook now $3.65 to $3.80; adjusted EBITDA margin forecast unchanged at 6.3% to 6.5%
Free cash flow was negative $122.9 million vs. negative $13.7 million; quarterly dividend of $0.265 payable May 5, 2025 to holders of record April 3, 2025
ABM Industries entered an amended and restated credit agreement dated February 26, 2025, with Bank of America as administrative agent. The facility provides $1.6 billion of revolving commitments and $600 million of term facility commitments, both with a five-year term maturing February 26, 2030, and it refinances the company's prior credit agreement from 2017.
Revolving credit commitments of $1.6 billion and term facility commitments of $600 million, maturing February 26, 2030
Borrowings priced at a margin tied to the total net leverage ratio over Term SOFR or a base rate; commitment fee of 0.200% to 0.400%
Financial covenants include maximum total net leverage of 5.00 to 1.00, maximum secured net leverage of 4.00 to 1.00, and minimum interest coverage of 1.50 to 1.00
Initial term loan proceeds were used to refinance the Original Credit Agreement, repay part of revolving borrowings and pay transaction costs
ABM reported fourth-quarter fiscal 2024 revenue of $2.2 billion, up 4.0%, but swung to a net loss of $11.7 million, or $0.19 per share, from net income of $62.8 million a year earlier. The loss was largely driven by a $59.7 million increase in contingent consideration tied to the RavenVolt acquisition, while adjusted EPS fell 11% to $0.90. The company also expects fiscal 2025 adjusted EPS of $3.60 to $3.80 and raised its quarterly dividend 17.8%.
Q4 revenue of $2.2 billion, up 4.0%, with organic growth of 3.2%
Q4 net loss of $11.7 million ($0.19 per share) vs. net income of $62.8 million ($0.96 per share) a year earlier
Q4 adjusted EPS of $0.90 vs. $1.01 a year earlier; fiscal 2024 net income of $81.4 million vs. $251.3 million
Fiscal 2025 adjusted EPS outlook of $3.60 to $3.80; quarterly dividend raised to $0.265 from $0.225
ABM Industries said General Counsel Andrea Newborn will retire effective February 1, 2025, and will stop serving as an executive officer on January 1, 2025. Miranda Tolar, currently Senior Vice President and Deputy General Counsel, Litigation and Employment Law, will succeed her as General Counsel on January 1, 2025. The filing is a planned executive transition with no financial results or guidance included.
Andrea Newborn, EVP, General Counsel and Secretary, notified ABM of her retirement on October 17, 2024
Newborn retires effective February 1, 2025 and stops serving as an executive officer effective January 1, 2025
Miranda Tolar becomes General Counsel effective January 1, 2025
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