Gate Financial News - In its third-quarter financial report released Friday, ABM Industries, Inc. (ABM), a leading facility management company, has maintained its adjusted earnings guidance for the 2025 fiscal year. However, the company now expects results to fall at the lower end of the previously announced range.

For the 2025 fiscal year, ABM continues to forecast adjusted earnings between $3.65 and $3.80 per share, but is now leaning towards the lower end of this spectrum. This projection comes as market analysts, on average, anticipate earnings of $3.75 per share for the year, according to a survey of seven financial experts. It's worth noting that analysts' estimates typically exclude extraordinary items.

In a separate announcement following the close of the quarter, ABM's Board of Directors declared a cash dividend of $0.265 per common share. This dividend will be payable on November 3, 2025, to shareholders of record as of October 2, 2025.

As of the reporting date, ABM has $233 million remaining under its share repurchase program. This figure includes a $150 million increase in authorization, which was approved by the Board following the third-quarter results.

The company's cautious outlook reflects the current economic landscape and potential challenges in the facility management sector. While ABM continues to demonstrate resilience, the revised expectations suggest a measured approach to navigating market uncertainties.

Investors and market watchers will be keen to observe how ABM's performance unfolds in the coming quarters, particularly given the company's significant position in the facility management industry. The maintained dividend and ongoing share repurchase program may be seen as positive signals of the company's financial health and commitment to shareholder value.

As the fiscal year progresses, stakeholders will likely pay close attention to ABM's operational strategies and any further updates to its financial outlook. The company's ability to meet or exceed the lower end of its projected range will be crucial in maintaining investor confidence in the current economic climate.