ABM Industries

Revenue is diversified across Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions, with recurring service delivery and a long history of client renewals. Although many agreements are cancellable, ABM reports historically high retention and recurring cash generation.

TTM revenue through Q1 FY2026 approximated 8.9 billion dollars; management reaffirmed FY2026 guidance for 3% to 4% organic growth and 7.8% to 8.0% segment operating margin, with adjusted EPS of 3.85 to 4.15. Risks include office utilization, airport traffic variability, project timing in technical solutions, and U.S. tax credit changes (WOTC/FEZ expiration at December 31, 2025 raises normalized tax rate).

Overall cash flows are steady over cycles, with variability mainly in quarterly working capital.