Revenue: As of FY2026 Q1, the actual value is USD 2.244 B, beating the estimate of USD 2.193 B.EPS: As of FY2026 Q1, the actual value is USD 0.64, missing the estimate of USD 0.7876.EBIT: As of FY2026 Q1, the actual value is USD 98.7 M.<h4>Consolidated Financial Performance</h4><ul><li>Gross Margin: Decreased by 69 basis points to 11.6% for the three months ended January 31, 2026, from 12.3% in the prior year period.</li><li>Operating Profit: Decreased by -3.7% to $74.7 million for the three months ended January 31, 2026, compared to $77.6 million in the prior year period, primarily due to restructuring charges and service mix/timing of project completion in Technical Solutions, partially offset by operational efficiencies from the Restructuring Program.</li><li>Net Income: Decreased by -11.1% to $38.8 million for the three months ended January 31, 2026, from $43.6 million in the prior year period.</li><li>Comprehensive Income: Increased by 33.5% to $46.9 million for the three months ended January 31, 2026, from $35.2 million in the prior year period.</li><li>Effective Tax Rate: Was 25.6% for the three months ended January 31, 2026, compared to 21.4% in the prior year period, with tax provisions of $13.4 million and $11.9 million, respectively.</li><li>Interest Expense: Increased by 4.9% to $24.0 million for the three months ended January 31, 2026, from $22.9 million in the prior year period, driven by higher borrowings.</li><li>Amortization of Intangible Assets: Decreased by -10.0% to $11.9 million for the three months ended January 31, 2026, from $13.3 million in the prior year period.</li><li>Restructuring and Related Expenses: Totaled $3.7 million for the three months ended January 31, 2026, with no comparable amount in the prior year period.</li><li>Foreign Currency Translation: Resulted in a gain of $9.5 million for the three months ended January 31, 2026, compared to a loss of - $7.6 million in the prior year period.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Was $62.0 million for the three months ended January 31, 2026, a $168.2 million improvement from - $106.2 million cash used in the prior year period, primarily due to favorable changes in working capital.</li><li>Net Cash Used in Investing Activities: Was - $12.6 million for the three months ended January 31, 2026, a decrease of $1.8 million from - $14.4 million in the prior year period, mainly due to lower purchases of property, plant, and equipment.</li><li>Net Cash Used in Financing Activities: Was - $55.2 million for the three months ended January 31, 2026, compared to $116.9 million cash provided in the prior year period, primarily due to increased share repurchases and lower net borrowings.</li></ul><h4>Segmented Financial Metrics (Three Months Ended January 31, 2026 vs. 2025)</h4><ul><li>Business &amp; Industry (B&amp;I):<ul><li>Revenues: $1,065.1 million (up 4.1% from $1,022.9 million). Management reimbursement revenues were $73.8 million (2026) and $71.3 million (2025).</li><li>Operating Profit: $79.7 million (up 0.4% from $79.4 million).</li><li>Operating Profit Margin: 7.5% (down 28 bps from 7.8%).</li></ul></li><li>Manufacturing &amp; Distribution (M&amp;D):<ul><li>Revenues: $422.3 million (up 7.1% from $394.3 million).</li><li>Operating Profit: $36.3 million (down -7.7% from $39.4 million).</li><li>Operating Profit Margin: 8.6% (down 139 bps from 10.0%).</li></ul></li><li>Aviation:<ul><li>Revenues: $297.7 million (up 10.2% from $270.1 million). Management reimbursement revenues were $15.6 million (2026) and $10.6 million (2025).</li><li>Operating Profit: $12.6 million (up 2.7% from $12.2 million).</li><li>Operating Profit Margin: 4.2% (down 31 bps from 4.5%).</li></ul></li><li>Education:<ul><li>Revenues: $228.7 million (up 1.5% from $225.3 million).</li><li>Operating Profit: $21.6 million (up 54.2% from $14.0 million).</li><li>Operating Profit Margin: 9.4% (up 322 bps from 6.2%).</li></ul></li><li>Technical Solutions:<ul><li>Revenues: $229.7 million (up 13.6% from $202.3 million). Acquisition growth from the LMC Acquisition contributed $13.0 million.</li><li>Operating Profit: $8.4 million (down -49.0% from $16.6 million).</li><li>Operating Profit Margin: 3.7% (down 452 bps from 8.2%).</li></ul></li></ul><h4>Other Key Financials</h4><ul><li>Share Repurchases: ABM Industries Incorporated repurchased 2.1 million shares for $91.1 million during the three months ended January 31, 2026, compared to 0.42 million shares for $21.3 million in the prior year period.</li><li>Dividends: $17.3 million in dividends were paid, with $0.290 per common share declared, for the three months ended January 31, 2026.</li><li>Debt: Total outstanding borrowings under the Amended Credit Facility were $1.6 billion at January 31, 2026, with a borrowing capacity of $507.7 million.</li><li>Restructuring Program: The program, launched in Q4 2025, aims to streamline operations and improve efficiency, expecting to deliver $35.0 million of annualized cost savings once fully implemented in 2026. Cumulative restructuring charges through Q1 2026 were $17.1 million.</li></ul><h4>Future Outlook and Strategy</h4>ABM Industries Incorporated is advancing its ELEVATE transformation and modernization program to drive performance, strengthen client trust, and create long-term value. The company expects the Restructuring Program to deliver approximately $35.0 million of annualized cost savings once fully implemented in 2026. On February 4, 2026, ABM Industries Incorporated completed the acquisition of WGNSTAR for approximately $264 million in cash, which was financed through the Amended Credit Facility.

ABM Industries | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 2.244 B