ABM Industries — Mar 12, 2025 release

6 in the prior year, respectively • Adjusted EBITDA of $120.6 million versus $116.7 million in the prior year • Increases lower end of fiscal 2025 adjusted EPS outlook by $0.05, now projecting full year adjusted EPS between $3.65 to $3.80 (1)   NEW YORK, NY - March 12, 2025 - ABM (NYSE: ABM), a leading provider of facility solutions, today announced financial results for the first quarter of fiscal 2025.   “ABM’s first quarter performance reflects a continuation of the key trends we saw in 2024, including strong momentum in Technical Solutions and Aviation, as well as stable conditions in the Education sector. We also delivered solid results in Business & Industry (“B&I”) and Manufacturing & Distribution (“M&D”), despite some moderating headwinds. We are pleased with our first quarter performance and our outlook for the full year remains positive,” said Scott Salmirs, President & Chief Executive Officer.   “We also successfully launched our cloud-based enterprise resource planning (“ERP”) system in the first quarter for B&I and M&D. While we encountered temporary delays in cash flow, we anticipate improvement next quarter and full normalization in the second half. Once fully implemented, we expect this system will drive significant cost efficiencies, enhance our ability to capture synergies from M&A, and provide real-time analytics and reporting to unlock commercial opportunities.”   Looking ahead,