Key Developments: ABM Industries Inc (ABM)

ABM on New York Consolidated

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27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

ABM Industries Inc secures contract with Allegiance Health
Thursday, 26 Feb 2015 08:31am EST 

ABM Industries Inc:Says that ABM Healthcare Support Services has been selected to provide multiple support service lines for Allegiance Health in Jackson, Michigan.Allegiance serves residents in Jackson, Hillsdale, Lenawee, Ingham, Eaton, Calhoun, Branch and Washtenaw counties.  Full Article

ABM Industries Inc awarded integrated facility solutions contract by Harley-Davidson
Tuesday, 10 Feb 2015 05:00pm EST 

ABM Industries Inc:Has been awarded a multi-phased, integrated facility solutions contract by Harley-Davidson Motor Company.Under the terms of the multi-year contract, ABM's Facility Services business has taken on a consultative role in phase one of the agreement.ABM's team is working on-site at Harley-Davidson's Milwaukee-based corporate headquarters and at its Wauwatosa-based product development center - where the company's motorcycles are designed and tested - to immerse itself in Harley-Davidson's culture.Goal in phase one is to identify opportunities to reduce operating expenses while helping ensure Harley-Davidson's facility services are performed in a world-class fashion.  Full Article

ABM Industries Inc announces change of President and CEO
Monday, 12 Jan 2015 04:01pm EST 

ABM Industries Inc:Names executive vice president Scott Salmirs to succeed current president and chief executive officer Henrik Slipsager, effective March 31.  Full Article

ABM Industries Inc wins unanimous reversal of $94 mln judgment
Monday, 5 Jan 2015 01:02pm EST 

ABM Industries Inc:Obtains reversal of a $94 mln judgment in a wage-and-hour class action that was awarded by a California trial court in 2012.The California Court of Appeal, Second District, rejected the plaintiffs' theory that company violated wage-and-hour laws by requiring some employees to remain on call and carry radios during rest breaks.In reversing trial court's erroneous grant of summary judgment for the plaintiffs, the Court of Appeal agreed with ABM that on-call rest breaks are permissible under California law.Trial court's judgment rested on premise that California law requires employers to relieve their workers of all duty during rest breaks a premise the Court of Appeal rejected as false.Instead, the Court of Appeal agreed with ABM that remaining on call does not itself constitute performing work.  Full Article

ABM Industries Inc gives FY 2015 EPS guidance below analysts' estimates
Monday, 8 Dec 2014 05:07pm EST 

ABM Industries Inc:Expects FY 2015 adjusted after-tax net income of $1.65 to $1.75 per diluted share and after-tax net income of $1.45 to $1.55 per diluted share.FY 2015 EPS of $1.80 - Thomson Reuters I/B/E/S.  Full Article

ABM Industries Inc declares quarterly dividend
Sunday, 7 Dec 2014 07:00pm EST 

ABM Industries Inc:Declared first quarter cash dividend of $0.16 per common share.Payable on Feb. 2 to stockholders of record on Jan. 2, 2015.  Full Article

ABM Industries Inc acquires GBM Support Services Group Limited
Thursday, 2 Oct 2014 05:00pm EDT 

ABM Industries Inc:Acquires GBM Support Services Group Limited (GBM), a provider of cleaning, security, building maintenance, waste and facilities management services for various retail, leisure, public sector, and commercial clients throughout the U.K.Transaction closed Oct. 1, 2014.Terms of the transaction were not disclosed.  Full Article

ABM Industries Inc secures contract with regional west medical center
Wednesday, 10 Sep 2014 05:00pm EDT 

ABM Industries Inc:Says that ABM Healthcare Support Services has been selected to provide environmental services for Regional West Medical Center (RWMC) in Scottsbluff, NE.RWMC is western Nebraska's and eastern Wyoming's primary resource for comprehensive medical care.Multi-million dollar partnership, ABM has begun overseeing all housekeeping operational aspects, including transitioning associates previously on staff, with an aim to enhance Regional West's ability to deliver in patient care through a clean, healthy environment.  Full Article

ABM Industries declares dividend
Wednesday, 3 Sep 2014 05:00pm EDT 

ABM Industries Inc:Declares a fourth quarter cash dividend of $0.155 per common share.Payable on Nov. 3 to stockholders of record on Oct. 2.  Full Article

ABM Industries Inc raises FY 2014 EPS guidance
Wednesday, 3 Sep 2014 05:00pm EDT 

ABM Industries Inc:Says company is lifting FY 2014 guidance for adjusted after-tax net income to $1.65 to $1.69 per diluted share.Says FY 2014 guidance for after-tax net income is $1.42 to $1.46 per diluted share.FY 2014 EPS of $1.60 - Thomson Reuters I/B/E/S.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

Thomson Reuters Feb 27, 2015 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - MONTH AHEAD Dividends Non S&P 500 - Weekly Federal Reserve events ConferenceCall/Webcast - Weekly Meetings - Weekly Xtra users can see more details on conference calls & webcasts by hovering your mouse over the RIC, right click, now click on Related Co Data, now click on Co Events.

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