ABM (ABM) reaffirmed fiscal 2026 outlook. The company now expects organic revenue growth toward the top end of the 3% to 4% range, and total revenue growth toward the top end of the 4% to 5% range. Segment operating margin is projected toward the low end of the 7.8% to 8.0% range, and adjusted EPS is still expected to be in the range of $3.85 to $4.15.
Second quarter net income was $43.1 million, or $0.73 per diluted share, compared to $42.2 million, or $0.67 per diluted share, in the prior year period. Segment operating margin was 7.3% compared to 7.9% last year. Adjusted net income was $52.9 million, or $0.90 per diluted share, compared to $54.1 million, or $0.86 per diluted share in the prior year period. Revenue increased 8.4% year over year to $2.3 billion, including 6.1% organic growth and 2.3% growth from acquisitions.
The Board declared a cash dividend of $0.29 per common share, payable on August 3, 2026, to shareholders of record on July 2, 2026.
In pre-market trading on NYSE, ABM shares are up 2.76 percent to $40.99.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.