ABM (ABM) Q2 2025 Earnings Call Transcript

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ABM Industries (NYSE:ABM) reported a record $1.1 billion in new bookings for the first half, driven by major contract wins in microgrids, aviation, technology, and commercial office clients. Management highlighted investments in talent and technical capabilities, supporting expansion into value-added services in Manufacturing Distribution and cross-segment contract bundling in Education. The Technical Solutions segment backlog reached a record $700 million, despite project delays that temporarily reduced margins; these delays are expected to reverse in the second half. The company reaffirmed full-year adjusted EPS and adjusted EBITDA margin guidance, citing expected sequential improvements in cash flow and normalization of billing and collections processes.

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