NYSE$ABM

ABM Industries Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

ABM reported solid top-line growth and significantly higher net income in Q3 2025 compared to the prior year.

ABM Industries delivered strong revenue and cash flow growth in Q3 2025, with notable performance in its Technical Solutions and Aviation segments. Net income rose sharply year-over-year, supported by lower corporate costs and absence of prior-year charges.

  • Revenue rose to $2.224 billion, driven by 5.0% organic growth and 1.2% from acquisitions.
  • Net income surged to $41.8 million from $4.7 million a year ago.
  • Free cash flow more than doubled to $150.2 million.
  • Adjusted EBITDA grew to $125.8 million, supported by strength in ATS and Aviation.

Headline financials

Total Revenue

$2.22B

Previous: $2.09B+6.2%
EPS (adj)

$0.82

Previous: $0.07+1071.4%
Adjusted EBITDA

$126M

Previous: $120M+5.0%
Capital Expenditures

-$58.6M

Previous: -$44.6M-31.4%
Net Income

$41.8M

Previous: $4.7M+789.4%
Operating Income

$83.4M

Previous: $37.4M+123.0%
Gross Profit

$261M

Previous: $263M-0.8%

Revenue & EPS history

ABM · Revenue · Quarterly

$2.22B

Q3 2025+6.2%vs Q3 2024
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

ABM · $2.09B total across 5 segments · Q4 2023

  • Business & Industry
    $1.03B
  • Manufacturing & Distribution
    $391M
  • Aviation
    $248M
  • Education
    $230M
  • Technical Solutions
    $191M

Forward guidance

ABM expects Q4 adjusted EPS and margins to improve, but full-year EPS is expected to come in at the low end of the guidance range due to margin and interest expense pressures.

Tailwinds

  • Expected improvement in Q4 adjusted EPS and margins.
  • Strong performance anticipated in the ATS segment.
  • Restructuring actions projected to yield $35M in annual savings.
  • Continued investment in AI and client-facing technology.
  • Healthy booking pipeline across multiple segments.

Headwinds

  • Full-year adjusted EPS expected at the low end of guidance ($3.65-$3.80).
  • Higher interest expenses than initially forecasted.
  • Margin pressure due to strategic pricing and contract escalations.
  • Slower recovery in some commercial office markets (West Coast, Midwest, Mid-Atlantic).
  • Restructuring costs expected to result in ~$10M charge in Q4.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.0%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-1.5%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+18.7%

Q4 2018

Best reaction

-13.2%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-10.4%-8.8%
Q4 2025+5.7%-7.7%-1.0%
Q3 2025+0.6%-4.3%-3.2%
Q2 2025+0.0%-2.0%+10.1%
Q1 2025-8.7%-4.3%-7.5%
Q4 2024-6.9%-8.3%-3.3%
Q3 2024-11.0%-12.6%-8.6%
Q2 2024+6.7%+6.0%+3.5%
Q1 2024+2.8%+2.5%+8.2%
Q4 2023+5.9%+3.2%-5.2%
Q3 2023-12.3%-12.1%-7.8%
Q2 2023+6.3%+2.4%-6.9%
Q1 2023-3.6%-7.6%-8.4%
Q4 2022-3.2%-3.9%+0.7%
Q3 2022-4.8%-8.9%-12.0%
Q2 2022-13.2%-22.4%-13.9%
Q1 2022+2.9%+1.1%+4.8%
Q4 2021-10.2%-15.2%-1.7%
Q3 2021-2.8%-2.0%-1.9%
Q2 2021-0.0%-0.2%-12.3%
Q1 2021+6.2%+8.7%+8.9%
Q4 2020-1.2%-5.8%+0.2%
Q3 2020+0.5%-5.7%-2.2%
Q2 2020+14.4%+14.3%+5.8%
Q1 2020+3.3%-7.1%-32.9%
Q4 2019+5.1%+1.8%+7.3%
Q3 2019-3.6%-1.7%-5.1%
Q2 2019+5.8%+5.0%+8.3%
Q1 2019-6.8%-7.0%+3.1%
Q4 2018+18.7%+16.4%+34.8%
Q3 2018+5.7%+6.3%-0.2%
Q2 2018+12.1%+6.9%+4.7%
Q1 2018+3.7%+7.5%-4.2%
Q4 2017-12.9%-13.1%-11.3%
Q3 2017-9.1%-6.9%-3.2%
Q2 2017+2.4%-5.3%-4.2%
Q1 2017+5.0%+6.9%+4.0%
Q4 2016-7.9%-6.6%-7.3%
Q3 2016+3.7%-0.6%-0.5%
Q2 2016+8.8%+7.2%+7.5%
Q1 2016+2.7%
Q4 2015+0.1%
Q3 2015-2.8%
Q2 2015+2.0%
Q1 2015-5.7%
Q4 2014+3.1%
Q3 2014+4.5%
Q2 2014-3.2%
Q1 2014-0.3%
Q4 2013-3.7%
Q3 2013+1.4%
Q2 2013+5.2%
Q1 2013-3.0%
Q4 2012+1.4%
Q3 2012-5.6%
Q2 2012-1.5%
Q1 2012+4.0%
Q4 2011+0.0%
Q3 2011-4.4%
Q2 2011-0.5%
Q1 2010-4.0%
Q1 2011+4.4%
Q2 2010+0.2%
Q4 2008+0.2%
Q4 2010+0.2%
Q3 2010+0.6%
Q3 2009+0.6%
Q4 2009+0.6%

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