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Last $32.87 USD
Change Today +0.02 / 0.06%
Volume 424.9K
As of 4:15 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

abm industries inc (ABM) Snapshot

Open
$33.17
Previous Close
$32.85
Day High
$33.50
Day Low
$32.76
52 Week High
06/22/15 - $33.69
52 Week Low
08/4/14 - $24.22
Market Cap
1.9B
Average Volume 10 Days
230.7K
EPS TTM
$1.78
Shares Outstanding
56.4M
EX-Date
06/30/15
P/E TM
18.5x
Dividend
$0.64
Dividend Yield
1.93%
Current Stock Chart for ABM INDUSTRIES INC (ABM)

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abm industries inc (ABM) Details

ABM Industries Incorporated provides integrated facility solutions services in the United States and internationally. It offers carpet cleaning and dusting, floor cleaning and finishing, furniture polishing, window washing, and other building cleaning services for educational institutions, health facilities, retail stores, shopping centers, stadiums and arenas, airports and other transportation centers, and warehouses, as well as commercial office, government, and industrial buildings. The company also provides onsite services comprising mechanical engineering and technical services for facilities and infrastructure systems; and parking and transportation services for clients at various locations. In addition, it offers security services comprising security staffing, mobile patrol services, investigative services, and security consulting services, as well as electronic monitoring of fire and life safety systems and of access control devices to various facilities. Further, the company provides HVAC, electrical, lighting, and other general maintenance and repair services comprising preventative maintenance, retro-commissioning, installations, retrofits and upgrades, environmental services, systems start-ups, performance testing, energy audits, and bundled energy solutions for clients in the private and public sectors. Additionally, it offers support services to the U.S. Government entities, such as military base operations, public works departments, leadership development, education and training, energy efficiency management, healthcare support services, and construction management; mechanical and electrical preventive and predictive maintenance solutions; and facility solution services consisting of wheelchair operations, aircraft cabin cleaning, janitorial services, shuttle bus operations, access control, and others to clients in the aviation vertical related to passenger assistance. The company was founded in 1909 and is headquartered in New York, New York.

118,000 Employees
Last Reported Date: 12/17/14
Founded in 1909

abm industries inc (ABM) Top Compensated Officers

Executive Vice President and President of ABM...
Total Annual Compensation: $674.3K
Executive Vice President and President of ABM...
Total Annual Compensation: $674.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $470.5K
Consultant
Total Annual Compensation: $888.7K
Compensation as of Fiscal Year 2014.

abm industries inc (ABM) Key Developments

ABM Industries Incorporated Appoints Tom Gallo as the Company's New Vice President and Treasurer

ABM Industries Incorporated announced the appointment of Tom Gallo as the company's new vice president and treasurer. In this capacity, Gallo will be responsible for the company's cash and liquidity management, capital structure, and will lead all banking relationships associated with the company's syndicated credit facility.

ABM Industries Seeks Acquisitions

Anthony Scaglione, Executive Vice President and Chief Financial Officer of ABM Industries Incorporated (NYSE:ABM) said, "Sure, so if you look at our capital structure, as I mentioned in my prepared remarks, we ended the quarter with roughly 2 times leverage. We feel the capital structure we have in place today gives us enough flexibility to ensure that we have the growth opportunities be it either investing in our business, M&A, dividends, share buyback, we have enough flexibility to look at all those areas along with the Board to ensure that we're deploying that capital in the most efficient way."

ABM Industries Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Earnings Guidance for the Year 2015; Declares Third Quarter Cash Dividend, Payable on August 3, 2015

ABM Industries Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported revenues were $1,270.1 million against $1,231.3 million a year ago. The increase in revenue was due to contributions from acquisitions and organic growth. Operating profit was $30.8 million against $27.9 million a year ago. Adjusted operating profit was $35.9 million against $34.2 million a year ago. Net income was $18.3 million against $15.2 million a year ago. Net income per diluted share was $0.32 against $0.27 a year ago. Adjusted net income was $21.3 million against $18.8 million a year ago. Adjusted net income per diluted share was $0.37 against $0.33 a year ago. Net cash provided by operating activities was $71.4 million against $76.6 million a year ago. Adjusted EBITDA was $52.5 million against $49.4 million a year ago. Income before income taxes was $30.5 million against $26.4 million a year ago. For the six months, the company reported revenues were $2,559.5 million against $2,457.8 million a year ago. Operating profit was $50.0 million against $51.8 million a year ago. Adjusted operating profit was $61.7 million against $59.8 million a year ago. Net income was $36.0 million against $28.3 million a year ago. Net income per diluted share was $0.63 against $0.50 a year ago. Adjusted net income was $42.8 million against $32.9 million a year ago. Adjusted net income per diluted share was $0.75 against $0.58 a year ago. Net cash provided by operating activities was $39.0 million against $37.7 million a year ago. Adjusted EBITDA was $93.8 million against $90.9 million a year ago. Income before income taxes was $48.5 million against $49.1 million a year ago. For the year 2015, the company expects guidance for adjusted net income of $1.75 to $1.85 per diluted share and net income of $1.55 to $1.65 per diluted share. This guidance excludes potential benefits associated with an extension of the Work Opportunity Tax Credit (WOTC) for calendar 2015. If Congress were to extend the WOTC for calendar 2015 prior to October 31, 2015, the company could have a further benefit of $0.08 per diluted share. The company announced that the board of directors has declared a third quarter cash dividend of $0.160 per common share payable on August 3, 2015 to stockholders of record on July 2, 2015.

 

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Industry Analysis

ABM

Industry Average

Valuation ABM Industry Range
Price/Earnings 22.6x
Price/Sales 0.4x
Price/Book 1.9x
Price/Cash Flow 17.0x
TEV/Sales 0.3x
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