BUZZ-ABM Industries rises after second-quarter revenue beats estimates

ABM Industries Incorporated

ABM Industries Incorporated

ABM

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** Shares of integrated facility and mobility solutions provider ABM Industries ABM.N rise ~2% to $40.5 premarket

** Co posts Q2 revenue and profit above Wall Street estimates on strong Technical Solutions and Aviation growth

** CEO Scott Salmirs says investments in organic growth and acquisitions, along with a healthy backlog and favourable end-market conditions, position the company well for a strong second half

** ABM reports Q2 revenue of $2.3 billion, above average of analysts' estimates of $2.21 billion - data compiled by LSEG

** Posts Q2 adjusted earnings of 90 cents per share, compared with analysts' estimates of 87 cents per share

** ABM announces quarterly cash dividend of 29 cents, payable on August 3

** Co expects FY26 revenue growth toward top end of 4% to 5% range

** Median PT of eight brokerages covering the stock is $50 - data compiled by LSEG

** As of last close, stock down ~6% YTD