ABM Industries Incorporated (NYSE:ABM) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On December 13, 2016, ABM Industries Incorporated (the Company)
issued a press release announcing financial results related to
the fourth quarter of fiscal year 2016 and fiscal year 2016. A
copy of the press release is attached as Exhibit 99.1, which is
incorporated into this item by reference.
Item 2.06. Material Impairments.
On December 13, 2016, the Company announced that it plans to sell
its Government Services business. This business is now classified
as held-for-sale. In connection with the held-for-sale
classification and the preparation of the Companys financial
statements for the fourth quarter of fiscal year 2016 and fiscal
year 2016, we recorded an impairment charge of $22.5 million in
fiscal year 2016. A copy of the press release announcing the
intention to sell the Government Services business is attached as
Exhibit 99.1, which is incorporated into this item by reference.
Item 7.01. Regulation FD.
As disclosed in the press release attached as Exhibit 99.1, the
Company will hold a live web cast on December 14, 2016 relating
to the Companys financial results for the fourth quarter of
fiscal year 2016 and fiscal year 2016. A copy of the slides to be
presented at the Companys web cast and discussed in the
conference call relating to such financial results is being
furnished as Exhibit 99.2 to this Form 8-K.
Item 8.01. Other Events.
On December 13, 2016, the Company announced that the Board of
Directors of the Company declared a quarterly dividend of $0.17
per share, payable on February 6, 2017 to stockholders of record
on January 5, 2017. A copy of the press release announcing the
declaration of the dividend is attached as Exhibit 99.1, which is
incorporated into this item by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 |
Press Release issued by ABM Industries Incorporated, dated December 13, 2016, announcing financial results related to the fourth quarter of fiscal year 2016 and fiscal year 2016, the Companys plan to sell its Government Services business, and the declaration of a dividend payable February 6, 2017 to stockholders of record on January 5, 2017. |
| 99.2 |
Slides of ABM Industries Incorporated, dated December 14, 2016. |
About ABM Industries Incorporated (NYSE:ABM)
ABM Industries Incorporated, formerly American Building Maintenance Industries, Inc., is a provider of end-to-end integrated facility solutions. The Company’s segments are Janitorial, Facility Services, Parking, Building & Energy Solutions, and Other. Its Janitorial segment provides a range of essential cleaning services, which include carpet cleaning and dusting, floor cleaning and finishing, window washing, and other building cleaning services. Its Facility Services segment provides onsite mechanical engineering and technical services and solutions relating to a range of facilities and infrastructure systems. Its Parking segment provides parking and transportation services for clients at various locations. Its Building & Energy Solutions segment provides custom energy solutions, electrical, heating, ventilation and air conditioning (HVAC), lighting, and other general maintenance and repair services. Its Other segment provides facility solutions to aviation service companies. ABM Industries Incorporated (NYSE:ABM) Recent Trading Information
ABM Industries Incorporated (NYSE:ABM) closed its last trading session down -3.44 at 39.48 with 723,729 shares trading hands.
