ABM Industries Inc. (NYSE:ABM) reported fiscal third-quarter 2025 revenue of $2.22 billion, up 6.2% from $2.09 billion a year earlier. Analysts expected $2.15 billion.
In addition:
- Technical Solutions revenue rose 19% on higher microgrid volume and acquisitions
- Aviation increased 9% with healthy air travel demand
- Manufacturing & Distribution gained 8% on new client wins and expansions
- Business & Industry advanced 3% on geographic diversification and retention, and
- Education grew 3%.
Adjusted net income was $51.7 million, or 82 cents per diluted share. It missed the 95-cent estimate and was down from $53.6 million, or 84 cents per diluted share, in the prior year.
Adjusted EBITDA increased 5% to $125.8 million, with margins flat at 5.9%.
Operating cash flow jumped 120.1% to $175 million from $79.5 million. Free cash flow rose 134.3% to $150.2 million from $64.1 million. The company said the improvement reflected stronger collections amid its ERP conversion.
Cash and …