ABM (ABM) Q2 2026 Earnings Call Transcript
Key takeaways
- SVP, Investor Relations, Treasurer — Paul Goldberg
- Scott Salmirs: Good morning, everyone, and thank you for joining us to discuss ABM s second quarter fiscal 2026 results.
- Stepping back from the top line for a moment, we also executed well operationally.
SVP, Investor Relations, Treasurer — Paul Goldberg
Scott Salmirs: Good morning, everyone, and thank you for joining us to discuss ABM s second quarter fiscal 2026 results. We had a strong quarter. Organic revenue growth came in at 6.1% and I m especially pleased to report that our first half new sales bookings reached $1.2 billion, a new record for ABM. Organic growth was especially strong in Technical Solutions and Aviation, while in M&D, we saw healthy underlying organic demand complemented by the WGNSTAR acquisition, which is performing well and adding meaningfully to the segment s results right out of the gate. Education continued to post steady growth, and B&I was flat organically.
B&I was impacted by the exit of a large U.K. client during the second quarter and by our decisions to exit several other clients, especially on the West Coast, where commercial real estate markets have yet to fully recover creating pressure in the market. Stepping back from the top line for a moment, we also executed well operationally. Margins improved sequentially and free cash flow was up significantly in the first half compared to last year, which I m very pleased with. As we look ahead to the second half, the setup is compelling.