ABM Industries, Inc. engages in the provision of facility, infrastructure, and mobility solutions. It operates through the following segments: Business and Industry, ...
ABM Industries Inc. (NYSE: ABM) is a prominent facility management company headquartered in New York, NY. Founded in 1909 by Morris Rosenberg in San Francisco, it has grown to become one of the largest facility services providers in the United States, with over 113,000 employees serving more than 20,000 clients. The company operates through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation, and Technical Solutions. Its services include janitorial, facilities engineering, parking, HVAC, electrical, and mechanical services. ABM serves a diverse clientele such as commercial real estate, healthcare facilities, data centers, airports, schools, and universities. Financially, ABM has a market cap of approximately $2.8 billion, with annual revenue around $9 billion (implied from revenue per share and shares outstanding). The company generates strong cash flows, with a free cash flow yield of about 11.7% and a dividend yield of 2.3%. Key leadership includes CEO Scott Salmirs, who has been instrumental in strategic transformations. ABM is committed to innovation and sustainability, aiming to optimize the built environment for efficiency and resilience.
