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ABM Industries Inc (NYSE:ABM). shares have touched a 52-week low, dipping to $42.02, with the stock down about 12% over the past six months. According to InvestingPro analysis, the company's current Fair Value indicates potential upside, supported by a 55-year track record of consistent dividend payments. Despite the broader economic headwinds, the company has managed a modest 4.7% gain over the past year. This resilience reflects ABM's solid financial health, with a healthy current ratio of 1.52 and expected net income growth this year. The company's business model strength is evident in its $8.4 billion revenue base and stable dividend growth of nearly 18% in the last twelve months. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report that provides deeper analysis of ABM's market position and growth prospects.
In other recent news, ABM Industries reported its first-quarter 2025 earnings, exceeding analysts' expectations with an adjusted EPS of $0.87, surpassing the forecast of $0.76. Revenue also outperformed projections, reaching $2.1 billion compared to the anticipated $2.07 billion. The company has set its full-year 2025 EPS guidance between $3.65 and $3.80, indicating confidence in continued growth. Additionally, ABM Industries expanded its stock plans after receiving shareholder approval, increasing the number of shares available under its 2021 Equity and Incentive Compensation Plan to 6,400,000 shares. The company also introduced the 2025 Employee Stock Purchase Plan, allowing employees to buy stock at a 5% discount, with 1,500,000 shares reserved for this purpose. Shareholders approved the executive compensation and ratified KPMG LLP as the independent auditor for fiscal year 2025. Moreover, ABM Industries is focusing on technological advancements and strategic investments, with expectations of continued growth in the semiconductor and data center markets. These developments reflect ABM Industries' strategic initiatives to enhance shareholder value and maintain its competitive position in the industry.
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