MarketPR
ABM Industries (ABM) raised its fiscal 2026 reported free cash flow guidance to $210 million, up from the previously provided $185 million.
The increase follows a first nine-month fiscal 2026 free cash flow of $199.6 million, a significant jump from $42.4 million in the prior-year period.
Management attributed the improvement to working-capital management and ERP stabilization. The company’s leverage ratio fell to 2.9X in the third quarter of fiscal 2026, down from 3.2X in the second quarter.
This sequential improvement allowed ABM to reach its below-3X leverage target one quarter earlier than planned.
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