ABM Industries Net Income Slips 11% to $38.8M as Operating Profit Declines
ABM Industries (NYSE: ABM), a facility services provider, reported net income of $38.8 million for the quarter ending January 31, 2026, down from $43.6 million in the same quarter a year earlier.
ABM Industries (NYSE: ABM), a facility services provider, reported net income of $38.8 million for the quarter ending January 31, 2026, down from $43.6 million in the same quarter a year earlier. Diluted earnings per share fell to $0.64 from $0.69. Read more earnings reports.
Revenue for the three months ending January 31, 2026 rose 6.1% to $2.24 billion from $2.11 billion in the prior-year quarter. Operating income declined to $74.7 million from $77.6 million, a drop of 3.7%.
The company's selling, general, and administrative expenses climbed to $169.8 million from $169.0 million, while cost of goods sold increased to $1.98 billion from $1.86 billion. Income tax expense for the quarter was $13.4 million compared to $11.9 million a year earlier.
Cash Flow and Balance Sheet
Cash from operations swung sharply positive, generating $62.0 million for the quarter compared to an outflow of $106.2 million in the same period last year. Cash from investing activities was an outflow of $12.6 million, while financing activities consumed $55.2 million.
Total assets stood at $5.29 billion as of January 31, 2026, up from $5.27 billion at the end of the previous quarter. Total stockholders' equity declined to $1.72 billion from $1.79 billion at October 31, 2025.
Long-term debt rose to $1.60 billion from $1.54 billion at the end of the prior quarter. Cash and cash equivalents decreased slightly to $100.4 million from $104.1 million. Goodwill was $2.60 billion at quarter-end.
Share Count and Capital Structure
Common shares outstanding fell to 58.6 million at January 31, 2026, down from 60.2 million at October 31, 2025. The weighted average diluted share count for the quarter was 60.7 million shares, compared to 63.2 million in the year-earlier period.
| Metric | Q1 FY2026 | Q1 FY2025 |
|---|---|---|
| Revenue | $2.24 billion | $2.11 billion |
| Operating Income | $74.7 million | $77.6 million |
| Net Income | $38.8 million | $43.6 million |
| EPS (Diluted) | $0.64 | $0.69 |
| Cash from Operations | $62.0 million | -$106.2 million |
Current assets were $1.96 billion as of January 31, 2026, while current liabilities held steady at $1.31 billion. Accounts payable declined to $382.2 million from $401.2 million at the end of the previous quarter.