Building Engineer

ABM Industries reported a significant cash flow recovery, with nine-month free cash flow reaching $199.6 million, up from $42.4 million a year earlier. Management attributed the improvement to tighter working capital discipline and ERP stabilisation, raising full-year guidance accordingly. The company's semiconductor, microgrid, and data centre businesses generated nearly $775 million in revenue over nine months, representing over 11% of total revenue. Semiconductor organic growth reached 65%. However, Business and Industry revenue fell 2.6% after losing a large UK client, whilst Aviation operating margin declined to 5.6% from 6.8% due to pricing pressure. Technical Solutions revenue rose only 4%, held back by $15 million in client project deferrals. Despite the cash flow jump, the stock's muted valuation suggests market scepticism about the turnaround's sustainability.

ABM Industries reported record quarterly revenue of $2.3 billion for Q3 2026, up 4.2% year-over-year, driven by 2.1% organic growth and a 2.1% contribution from acquisitions, primarily WGNSTAR. Net income increased 19% to $49.7 million, whilst adjusted net income rose 19% to $61.5 million, or $1.04 per diluted share. The company's Manufacturing & Distribution segment grew 18% to $481 million, including 8% organic growth. Free cash flow reached $128.4 million for the quarter, with year-to-date free cash flow improving over $150 million year-over-year to $199.6 million. ABM raised its fiscal 2026 adjusted EPS guidance midpoint to a range of $3.95 to $4.10 and increased full-year free cash flow expectations to approximately $210 million from $185 million previously.

ABM, LaGuardia launch autonomous robotics pilot at Terminal B. ABM (NYSE: ABM), a leading provider of facility, engineering and infrastructure solutions, announced today the launch of a robotics program at LaGuardia Airport's award-winning Terminal B. In partnership with LaGuardia Gateway Partners (LGP), the operator of Terminal B, ABM is introducing both autonomous inspection and cleaning robots - including one of the first robotic quadruped "dogs" to be deployed in a U.S. airport terminal. The pilot program is the latest step in ABM's long-standing collaboration with LGP to deliver world-class guest experiences and operational excellence. Terminal B has already achieved global recognition as the first terminal in North America to earn the prestigious 5-Star Rating from Skytrax and was named the "World's Best New Airport Terminal" in 2023. Building on the successful deployment of the ABM Performance Solutions integrated facilities model and ABM Connect(TM) for Aviation, which leverage sensor data, IoT, and AI to optimize operations, the ABM robotics deployment will further enhance safety, efficiency, and the passenger experience across Terminal B. Image Courtesy of: ABM Robotics in Action at Terminal B The pilot features three advanced robotic platforms, designed to complement and support ABM's human workforce and elevate the terminal environment: · Robotic Dog - In partnership with Skild.ai, ABM is deploying a four-legged inspection robot, marking one of the first appearances of a robotic dog in an American airport. Skild AI is building a general-purpose robot brain for any robot morphology and task. Passengers may see the robot inspecting airport facilities, where it will quietly and efficiently support ABM staff in maintaining a safe, clean, and welcoming space. · Autonomous Floor Scrubbers - Complementing the inspection role of the robotic quadruped dog, these purpose-built scrubbers, in partnership with CenoBots, leverage advanced 3D LiDAR navigation and intelligent mapping to deliver consistent, high-quality floor cleaning. With the ability to run up to six hours autonomously, automatically recharge, and minimize downtime, the scrubbers help ABM redeploy staff to higher-value guest-facing tasks, while ensuring Terminal B continues to set the industry standard for cleanliness. · Autonomous Vacuums: Complementing the floor scrubbers, these dual-function autonomous units, deployed in partnership with CenoBots, use advanced navigation and intelligent mapping to capture both fine dust and larger debris across high-traffic terminal areas. Designed for continuous operation with self-charging capability, they help reduce manual effort, improve cleaning consistency, and enable ABM team members to focus on higher-value, guest-facing tasks, while maintaining Terminal B's industry-leading standard of cleanliness. Together, these platforms demonstrate how robotics, AI, and ABM Connect for Aviation work in unison to enhance facility performance, deliver measurable ROI, and create meaningful improvements in the passenger journey. "Airports are among the most dynamic environments in the world, and Terminal B is the perfect stage to demonstrate how robotics, AI, and data integration can transform facility operations," said Sean Bromfield, President of Aviation, ABM. "This pilot underscores ABM's leadership in anticipating our clients' evolving needs and investing in real, ROI-driven innovation. Robotics and AI are not about replacing people but empowering them - freeing our teams to focus on the work that most directly impacts travelers and strengthens the guest experience." "LaGuardia Terminal B has become a global benchmark for excellence in guest experience, and this robotics pilot takes our innovation commitment to the next level," said Suzette Noble, Chief Executive Officer, LaGuardia Gateway Partners. "We are proud to partner with ABM to test emerging technologies that align with our vision for a smarter, safer, and more seamless airport journey." About ABM ABM (NYSE: ABM) is one of the world's largest providers of integrated facility, engineering, and infrastructure solutions. Every day, its over 100,000 team members deliver essential services that make spaces cleaner, safer, and efficient, enhancing the overall occupant experience. ABM serves a wide range of market sectors including commercial real estate, aviation, mission critical, and manufacturing and distribution. With over $8 billion in annual revenue and a blue-chip client base, ABM delivers innovative technologies and sustainable solutions that enhance facilities and empower clients to achieve their goals. Committed to creating smarter, more connected spaces, ABM is investing in the future to meet evolving challenges and build a healthier, thriving world. ABM: Driving possibility, together. About LaGuardia Gateway Partners LaGuardia Gateway Partners (LGP) is the private manager and developer of the new award-winning, state-of-the-art LaGuardia Terminal B. LGP is composed of Vantage Group and Meridiam for development and equity investment with Vantage Group leading the terminal management. The Port Authority of New York and New Jersey is undertaking a historic redevelopment of LaGuardia Airport, of which Terminal B is one part. LGP won the bid issued by the Port Authority to deliver the extensive capital redevelopment project of Terminal B and provide worldclass terminal facilities and operations for passengers and airlines. In 2022, the $5.1B Terminal B project - a public-private partnership - finished on time and budget. In 2023, LaGuardia Terminal B became the first airport terminal in North America to be awarded a perfect 5-star rating for customer experience by Skytrax. LaGuardia Terminal B is home to Air Canada, American Airlines, Frontier Airlines, JetBlue Airways, Porter Airlines, Southwest Airlines, and United Airlines.