ABM Industries Baird 2026 Global Industrial Conference

Hi, everyone. Welcome to Baird's Global Industrial Conference. I'm Andy Wittmann. I cover facility services and industrial services, together with Justin Hauke, who's here. This next session is ABM Industries Incorporated. David Orr is the company's CFO. Paul Goldberg is the Vice President of Investor Relations. We're going to do this one as a fireside chat. I've got plenty of questions to go through here today. I'm just going to start out with just kind of turning it to David to tell you who ABM is and what they do, for anybody who might not be familiar and checking this one out for the first time here.

Yeah, great. Thanks, Andy. Thanks for hosting us.

You bet. Appreciate it. So again, David Orr, CFO.

I've been with ABM for about 28 years in a bunch of different roles. So excited to be here to talk to you all today. ABM, a $9 billion facility services company, and we have services across several end markets. We organize ourselves by end markets. So you think about Business & Industry, which is largely commercial real estate, our Aviation, which is a service of airports and airlines, our Manufacturing & Distribution segment, which is kind of more technical distribution, e-commerce sort of end market, our Technical Solutions business, which is in large part a lot of electrical engineering, and it's our most technically advanced business. And then Education, where we service higher ed and K through 12. Our main service lines are janitorial.

We do parking, we do building engineering, and then a variety of technical services through our technical business. The company's been around for 100 years. We've had a really good track record of growth, dividends, capital investment, et cetera. Just excited to be here and talk to you today.

Yeah. And it's over 100 years of business. It's changed a lot. That's right.

I think recently you guys have really pivoted to trying to go to some of the growthier areas of the economy. So, it's probably worth just talking about some of the recent additions. It's easy to talk about cleaning offices, which you've done for 100 years. The famous story of a guy in San Francisco- That's right.

cleaning windows and knocking on doors, turned into this multi-billion dollar company today. Today, you're cleaning a lot more than windows.

Yep. Why don't you talk about some of the areas where you've made some investments recently Yep to kind of accelerate your growth rate?

Yeah, to your point, Andy, the company really has evolved. I would say 10, 15 years ago, we were known as just largely the janitorial company. Today, we've been really intentional in investing in areas like semiconductor, data centers, microgrid services, and we've done that both organically and inorganically. If you think about perspective on a few of our recent acquisitions, a few years ago, we bought a company called RavenVolt out of Georgia. RavenVolt specializes in microgrid technologies, so think about battery and power backup systems. So generators, switchgear, battery energy storage systems, anything that can just provide this kind of guarantee of uptime for these large facilities, large big box retailers, et cetera. That's been a fantastic business for us. We've invested in a company recently. We bought a company called WGNSTAR, and the company focuses in the semiconductor area.

Just a remarkable, technically skilled group that has a real moat around being able to provide technical services in a semiconductor fab, for example.

This is clean room stuff.

It really is. So like when you talk about cleaning, we are talking about much more detailed level.

You are. You are talking about, and Paul and I happened to have taken an opportunity to visit one of our fabs recently, and you are in the clean suit, and you are in the goggles. You are sprayed down very carefully before you enter the facility, and that is what our folks work in all day, that environment. And it is not only cleaning, I would say, Andy.