Key Points – ABM Industries posted strong Q2 fiscal 2026 results, with revenue up 8.4% to a record $2.3 billion and organic growth of 6.1%.
The company also logged a record $1.2 billion in first-half new sales bookings. – Growth was led by Technical Solutions, Aviation, and Manufacturing & Distribution, while the WGNSTAR acquisition boosted semiconductor-related business
Management said margin improvement should accelerate in the second half, especially in Technical Solutions. – ABM kept its full-year adjusted EPS outlook at $3.85 to $4.15 and still expects about $250 million in free cash flow, while prioritizing debt reduction. Leverage was 3.2x after the WGNSTAR deal, but the company expects to get below 3x by year-end. – Cintas’ $5.2B UniFirst Bid Ignites the Battle for Route Dominance ABM Industries (NYSE:ABM) reported stronger second-quarter fiscal 2026 revenue growth and record first-half new sales bookings, while management maintained its full-year adjusted earnings outlook and said it expects a stronger margin performance in the second half of the year. President and Chief Executive Officer Scott Salmirs said ABM had “a strong quarter,” citing 6.1% organic revenue growth and first-half new sales bookings of $1.2 billion, which he called a new record for the company.
Growth was led by ABM Technical Solutions and Aviation, while Manufacturing and Distribution benefited from both underlying demand and the WGNSTAR acquisition. – ABM Industries Stock: A Dividend King at a Discount “As we look ahead to the second half, the setup is compelling,” Salmirs said, pointing to expected volume growth in Technical Solutions and Manufacturing and Distribution, an improving service mix in Technical Solutions, and cost discipline and pricing actions. Revenue rises to second-quarter record Executive Vice President and Chief Financial Officer David Orr said revenue increased 8.4% year over year to a second-quarter record of $2.3 billion. That included 6.1% organic growth and…