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Jun 5, 2026 4:00 PM

ABM Rides AI Data Center Boom To Fastest Growth In Nearly Four Years

ABM Industries Inc. (NYSE:ABM) shares rose Friday after the facility services provider reported second-quarter results that topped Wall Street estimates and reaffirmed its fiscal 2026 adjusted earnings outlook.

Earnings Beat Expectations

ABM reported adjusted earnings of 90 cents per share for the second quarter, exceeding analysts’ estimates of 87 cents per share. Revenue increased 8.4% year over year to $2.29 billion, ahead of the consensus estimate of $2.21 billion.

Organic revenue growth was 6.1%, while acquisitions contributed an additional 2.3%, primarily from the WGM Star acquisition.

The company said organic growth was its strongest since the third quarter of 2022, led by gains in Technical Solutions, Aviation, and Manufacturing & Distribution.

ABM also reported record first-half new sales bookings of $1.2 billion and generated $22.4 million in free cash flow during the quarter.

At quarter-end, the company had $94.9 million in cash and cash equivalents and $1.9 billion ...