ABM Industries — Sep 5, 2025 release

This initiative is intended to enhance overall organizational effectiveness and ensure alignment between the Company’s cost structure and operational footprint,     (1) When the Company provides expectations for adjusted EPS and adjusted EBITDA margin on a forward-looking basis, a reconciliation of the differences between these non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort. See “Outlook” and “Use of Non-GAAP Financial Information” below for additional information.   2   and the Company’s strategic growth objectives. Once fully implemented, this program is expected to deliver approximately $35 million of annualized cost savings. The Company expects these savings to begin in the fourth quarter and ramp to their full run rate by early fiscal 2026. The Company expects to record approximately $10 million in restructuring charges related to these actions in the fourth quarter.   The Company continues to review its overhead and cost structure for efficiency opportunities under this program.   Liquidity, Capital Structure & Share Repurchases   At the end of the third quarter, the Company’s total indebtedness stood at $1.6 billion, including $29.7 million in standby letters of credit, resulting in a total leverage ratio of 2.8X, as defined by the Company's credit facility. Available liquidity was $691.0 million, including $69.3 million in cash and cash equivalents.   During the third quarter, ABM repurchased approximately 0.6 million shares of its common stock for $27.1 million, at an average price of $48.77 per share. Following quarter end, the Company repurchased an additional 0.5 million shares for $23.0 million, at an average price of $46.83 per share. Year-to-date, ABM has repurchased approximately 1.5 million shares for a total of $71.3 million, at an average price of $48.82 per share.   As of the date of