Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q1 2025 Earnings Presentation
17 slides from Abm Industries's earnings presentation, Mar 12, 2025
Slide 1: First Quarter 2025 Earnings Presentation
First Quarter 2025 Earnings Presentation March 12, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements This press release contains both historical and forward-looking statements about ABM Industries Incorporated (“ABM”) and its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”). We make forward-looking statements related to future expectat
Slide 3: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information To supplement ABM’s consolidated financial information, the Company has presented net income and net income per diluted share as adjusted for items impacting comparability for the first quarter of fiscal years 2025 and 2024. These adjustments have been made with
Slide 4: Q1 2025 Review
Q1 2025 Review Financial Results Demand Environment Highlights • Revenue of $2.1B • B & I’s Commercial real estate • Successfully went live on markets continue to show signs cloud-based ERP system for • 1.6% organic growth B&I and M&D of improvement • Net income of $43.6M • Launched new brand platfo
Slide 5: End-to-End Facility Solutions Across Diverse Markets
End-to-End Facility Solutions Across Diverse Markets Business & Industry Aviation Manufacturing & Education Technical Solutions Distribution • Facility cleaning • Facility cleaning • Facility cleaning • Facility cleaning • Cleanroom services • Building engineering & • Building engineering • Building
Slide 6: Q1 2025 Revenue
Q1 2025 Revenue Segment Growth Rates • Revenue increased 2.2% to $2.1B 21.9%(1) $2,115 • 1.6% organic growth 8.2% 2.4% • Continued strong growth $2,070 in Technical Solutions -1.6% -1.0% and Aviation • B&I and M&D remain resilient Q1 2024 B&I AVI M&D EDU ATS Q1 2025 6 (1) Comprised of 14.2% organic
Slide 7: Q1 2025 Profitability
Q1 2025 Profitability $ in millions NET INCOME (1) EARNINGS PER SHARE (1) • Changes in GAAP net income and $55.3 $0.86 $0.87 GAAP EPS largely reflect higher $54.8 segment earnings and the $44.7 $43.6 $0.70 $0.69 absence of prior year self- insurance benefits, which were more than offset by higher co
Slide 8: Q1 2025 Segment Performance
Q1 2025 Segment Performance Business & Industry Aviation Revenue Operating Profit & Margin Revenue Operating Profit & Margin $ in millions $270.1 $ in millions $1,033.1 $1,022.9 $79.6 $249.5 $79.4 $12.2 7.7% 7.7% -1.0% 4.5% 7.7% 7.8% +8.2% $9.7 3.9% Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1
Slide 9: Q1 2025 Segment Performance
Q1 2025 Segment Performance Manufacturing & Distribution Education Technical Solutions Revenue Operating Profit & Revenue Operating Profit & Revenue Operating Profit & $ in millions Margin Margin Margin $220.1 $225.3 $ in millions $ in millions $400.9 $202.3 $394.3 $41.3 7.7% +7.7% $16.6 $39.4 $14.0
Slide 10: Q1 2025 Leverage & Shareholder Returns
Q1 2025 Leverage & Shareholder Returns Leverage Shareholder Returns 4.0x $ in millions $60 $ in millions $1,600 3.0x $1,200 2.0x $800 $30 $32.0 $23.8 $21.3 1.0x $400 $14.1 $14.1 $14.1 $16.4 $14.1 $0 0.0x $0 Total Indebtedness (Incl. LCs) Leverage Ratio Shares Repurchased Dividends Paid • Total indeb
Slide 11: Fiscal 2025 – Updated Outlook
Fiscal 2025 – Updated Outlook Previous Current Metric Outlook Outlook Adjusted net income per diluted share (1) $3.60 - $3.80 $3.65 - $3.80 Adjusted EBITDA Margin(1) 6.3% - 6.5% 6.3% - 6.5% Tax rate (excl. discrete tax items and impact of non-taxable items) 29% - 30% 29% - 30% Interest expense $76M
Slide 12: Appendix
@ ABM Appendix _ ji
Slide 13: Unaudited Reconciliation of Non-GAAP Financial Measures
Unaudited Reconciliation of Non-GAAP Financial Measures $ in millions Three Months Ended January 31, 2025 2024 Reconciliation of Net Income to Adjusted Net Income Net income $ 43.6 $ 44.7 Items impacting comparability (a) Prior year self-insurance adjustment(b) — 5.3 Legal costs and other settlement
Slide 14: Unaudited Reconciliation of Non-GAAP Financial Measures - Footnotes
Unaudited Reconciliation of Non-GAAP Financial Measures - Footnotes (a) The Company adjusts income to exclude the impact of certain items that are unusual, non-recurring, or otherwise do not reflect management's views of the underlying operational results and trends of the Company. (b) Represents th
Slide 15: Unaudited Reconciliation of Non-GAAP Financial Measures
Unaudited Reconciliation of Non-GAAP Financial Measures $ in millions. except per share amounts Three Months Ended January 31, 2025 2024 Reconciliation of Net Income to Adjusted EBITDA Net Income $ 43.6 $ 44.7 Items impacting comparability 16.4 14.5 Income taxes provision 11.9 9.3 Interest expense 2
Slide 16: Unaudited Reconciliation of Non-GAAP Financial Measures
Unaudited Reconciliation of Non-GAAP Financial Measures $ in millions Three Months Ended January 31, 2025 2024 Reconciliation of Net Cash Used in Operating Activities to Free Cash Flow Net cash used in operating activities $ (106.2) $ (0.1) Additions to property, plant and equipment (16.7) (13.6) Fr
Slide 17: Thank You
Thank You Get in touch with us Paul Goldberg Senior Vice President – Investor Relations Paul.Goldberg@ABM.com ABM.com A white letter on a black background Description automatically generated ABM drives possibility through facility, engineering, and infrastructure solutions across a wide range of ind