ABM Industries Declares $0.29 Quarterly Dividend
ABM Industries Incorporated (NYSE: ABM), a facility services provider, declared a quarterly cash dividend of $0.29 per share. The dividend is payable to shareholders of record on April 2, 2026.
ABM Industries Incorporated (NYSE: ABM), a facility services company, announced that its Board of Directors declared a quarterly cash dividend of $0.29 per share on March 10, 2026. The dividend will be paid to shareholders of record as of April 2, 2026. Read more dividend announcements.
The payment will be distributed on May 4, 2026. The company did not disclose the ex-dividend date in its filing.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.29 |
| Record Date | April 2, 2026 |
| Ex-Dividend Date | Not disclosed |
| Payment Date | May 4, 2026 |
First Quarter Financial Performance
The dividend declaration followed the company's release of first quarter fiscal 2026 results for the period ended January 31, 2026. ABM reported revenue of $2.2 billion, up 6.1% year over year, with organic growth of 5.5%.
Net income totaled $38.8 million, or $0.64 per diluted share, compared to $43.6 million, or $0.69 per share, in the prior year period. Adjusted net income was $50.4 million, or $0.83 per diluted share, versus $55.3 million, or $0.87 per share, in the prior year.
Adjusted EBITDA came in at $117.8 million, down from $120.6 million in the prior year quarter. Operating cash flow reached $62.0 million and free cash flow totaled $48.9 million, both significantly improved from cash usage of $106.2 million and negative free cash flow of $122.9 million in the prior year period.
Capital Allocation
During the first quarter, ABM repurchased approximately 2.1 million shares of its common stock for $91.1 million at an average price of $44.13 per share. At quarter-end, $92.0 million remained available under the company's share repurchase program.
Total indebtedness stood at $1.7 billion at the end of the first quarter, including $23.5 million in standby letters of credit, resulting in a total leverage ratio of 2.9 times. Available liquidity was $608.1 million, including $100.4 million in cash and cash equivalents.
Outlook Reaffirmed
The company reaffirmed its fiscal 2026 outlook, continuing to expect organic revenue growth of 3% to 4% and total revenue growth of 4% to 5%. Segment operating margin is projected to be between 7.8% and 8.0%, and adjusted earnings per share is expected to be in the range of $3.85 to $4.15.
Interest expense is forecast to be between $95 million and $105 million, and the normalized tax rate is expected to be between 29% and 30%, excluding discrete and non-taxable items.