ABM reported a 6.2% increase in revenue to $2.2 billion, driven by organic growth of 5.0% in the fiscal third quarter of 2025.
The company achieved a net income of $41.8 million and earnings per diluted share of $0.67, compared to $4.7 million and $0.07 in the prior year.
Adjusted net income stood at $51.7 million with adjusted earnings per diluted share of $0.82, slightly lower than the previous year's $53.6 million and $0.84, respectively.
Revenue Growth
Revenue increased by 6.2% driven by a strong organic growth rate of 5.0%.
Profitability Boost
Net income and earnings per share showed significant improvement compared to the prior year.
Share Repurchase Program
The board approved a $150 million increase in share repurchase authorization.
- The results reflect a positive performance with mid-single-digit organic revenue growth and substantial improvement in free cash flow.
- ABM's strategic pricing approach in certain markets and active repurchasing of shares demonstrate a focus on long-term growth and profitability.
- The company's actions to address margin challenges through efficiency programs and cost controls are expected to yield favorable results in the upcoming quarters.
ABM's fiscal third quarter results showcase resilience and strategic decision-making in a challenging market environment. The company's focus on driving growth through organic initiatives and prudent financial management sets a solid foundation for future success.