ABM has reported a fiscal second-quarter revenue of US$2 billion, a 2% year-over-year increase in sales.

The company reported a quarterly net income of $43.8 million, or $0.69 per share, down 16% compared to $51.9 million, or $0.78 per share, last year. ABM attributed the decline to the absence of a $12.6 million pre-tax gain related to an aviation project recognized in the prior year period and higher corporate investments as planned.

“We are pleased with our second quarter results, which were driven by our team’s outstanding execution and highlighted by strong cash flow, as well as mid-single digit organic revenue growth in our aviation, technical solutions, manufacturing and distribution, and education segments,” said Scott Salmirs, ABM CEO and president. “Additionally, our business and industry segment again displayed its resiliency, benefiting from a diverse client and service mix, including a focus on higher performing Class A properties. We also continued to win new business across the portfolio and progressed on our ELEVATE strategic initiatives, further setting us up for a solid second half of the year.”

About ABM
ABM is a provider of building maintenance and facility services across the United States and Canada, offering customized solutions for cleaning, engineering maintenance, and commercial building maintenance. For more information, visit abm.com.