ABM grows 8.4% on Aviation strength but margins compress; $35M restructuring underway

Filed June 5, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 6, 2025 · ~2 min read

Key Changes

• high

  Q2 revenue jumped 8.4% to $2.29B (organic growth 6.1%), driven by Aviation expansion and Technical Solutions projects. However, gross margin fell 72 bps to 12.1% due to unfavorable contract mix across B&I, M&D, and Aviation, only partially offset by restructuring savings.

  MD&A: Revenue and Margins verify on EDGAR →
• high

  Operating cash flow swung from negative $73.9M to positive $128.2M year-over-year, a $202M improvement. Prior year suffered ERP transition invoicing delays; current period reflects normalized collections and payment timing.

  MD&A: Cash Flow verify on EDGAR →
• high

  New $35M annual restructuring program launched Q4 2025 to streamline operations and support functions. $20.1M in charges recognized through Q2 2026; full implementation expected by year-end 2026.

  MD&A: Restructuring verify on EDGAR →