Every material Form 8-K ABM Industries filed with the SEC in 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 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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every ABM Industries filing is on SEC EDGAR ↗. 8-K briefs of other companies →