ABM Industries — Dec 18, 2024 release

At year-end, the Company had $154 million remaining availability under its share repurchase program.   Quarterly Cash Dividend   As previously announced, ABM's Board of Directors approved a quarterly cash dividend of $0.265 per common share, representing a 17.8% increase over the prior quarterly cash dividend of $0.225 per common share. The increased dividend is payable on February 3, 2025, to shareholders of record on January 2, 2025. This will be the Company’s 235 th consecutive quarterly cash dividend and represents the 57 th consecutive year of ABM raising its annual dividend.   Outlook   For fiscal 2025, ABM expects adjusted EPS of $3.60 to $3.80. Adjusted EBITDA margin is anticipated to be in the range of 6.3% to 6.5%. Interest expense is expected to be in the range of $76 million to $80 million and the tax rate, excluding discrete items and non-taxable items, is anticipated to be 29% to 30%.   The Company cannot provide a reconciliation of the differences between the non-GAAP expectations and corresponding GAAP measures for Adjusted EPS and adjusted EBITDA margin in 2025 without unreasonable effort due to the uncertainty of timing of any gains or losses related to, but not limited to, items such as changes in the fair value of contingent consideration, prior-year self-insurance adjustments, acquisition and integration related costs, as well as legal costs and other settlements. Although we have att