ABM Industries Incorporated

slide presentation can be found on our website, abn.com. After Scott and David's prepared remarks, we will host a Q&A session. Before we begin today, I would like to remind you that our call and presentation contain predictions, estimates, and other forward-looking statements. Our use of the words estimate, expect, and similar A reconciliation of historical non-GAAP numbers to GAAP financial measures is available at the end of the presentation and on the company's website under the Investor tab. And with that, I would now like to turn the call over to Scott.

Good morning, everyone, and thank you for joining us to discuss ABM's fourth quarter and full year fiscal 2025 results, as well as our 2026 outlook. I appreciate you taking the time and I'll get right into our performance and the progress we're making as a company. We finished the year on a strong note, posting record quarterly revenue supported by 4.8% organic growth. Encouragingly, if you exclude the impact of the prior year self-insurance adjustment, our adjusted EPS and adjusted EBITDA and adjusted EBITDA margin, We're all ahead of our expectations heading into the quarter. This performance reflects strong volume, favorable mix, disciplined cost management, and the benefits from our restructuring actions. Across the portfolio, our teams executed exceptionally well. Technical Solutions delivered another standout quarter, completing a significant number of complex projects, particularly in microgrids and mission critical infrastructure. We also saw strong revenue growth in aviation and manufacturing and distribution, fueled by recent client wins and customer expansions. Meanwhile, in business and industry and education, Margins improved year over year, demonstrating the resiliency of these segments and our continued focus on operational efficiency. Our fourth quarter results capped an outstanding year for ABM, highlighted by record annual revenue of $8.7 billion, an increase of 5% over last year. We also generated record new sales bookings of $1.9 billion, A 12% increase over 2024. Those bookings are diversified across the business and provide confidence in our growth trajectory entering fiscal 2026. On top of the strong 2025 bookings, I'm pleased to announce 2026 is off to a great start for us with a major new contract in aviation. Specifically, we won a significant passenger services contract at a leading global gateway airport set to ramp up in the first quarter of calendar 2026. This win highlights our continued focus on the aviation sector, the strength of our team, and the value of technology-driven solutions. I'm confident in our team's ability to deliver an outstanding experience for our clients and their passengers. This is one of the largest single aviation awards in ABM's history, and it reflects the reputation our teams have built in delivering industry-leading service and operational excellence. I'll also note that our pipeline across the enterprise remains strong, and we are targeting another bookings record in 2026. 2025 was a year defined by progress in several strategic areas. We invested in AI capabilities that are already improving our internal processes, including enhanced RFP automation, more intelligent HR support tools, and early exploration of agentic AI to enhance client-facing operations. These investments are expected to provide greater efficiency, scalability, and differentiation, and position ABM to unlock new revenue streams in the years ahead. We also made substantial progress in our ERP implementation. As you know, the transition created working capital friction earlier in the year, but the team worked relentlessly to stabilize and scale the system, and we saw meaningful improvement in cash performance in the back half of the year. This sets us up well for continued progress in 2026 and normalization. I'd like to thank David Orr for taking a leadership position in this area and helping deliver a significantly better outcome than we had at the beginning of the year. Also exciting is today's announcement of our agreement to acquire WGN Star, a leading provider of managed technical workforce solutions and equipment support services for the semiconductor and high technology manufacturing sectors. This is a highly strategic transaction for ABM that is expected to close in the first calendar quarter of 2026. It significantly expands our technical capability set in fabrication environments, adds a skilled workforce of more than 1,300 employees, and strengthens our position in a sector that is experiencing multi-year growth from U.S. semiconductor onshoring. With only about 15% of the market currently outsourced, WGN Star gives us a meaningful foothold in a space with substantial runway. Combined with our existing energy resiliency, mission critical, and engineering strength, this acquisition positions ABM to be one of the largest integrated service providers to semiconductor facilities in North America. I also want to take a moment to highlight the continued efforts across ABM to improve margin and strengthen earnings power. The initial components of our restructuring program launched in Q4 are now largely complete. The program was designed to better align our core structure and operating model with our growth priorities. As mentioned last quarter, the annualized savings related to the initiatives already undertaken is $35 million. with over three-quarters of the savings to be realized in fiscal 2026. These benefits, combined with disciplined cost management and improved labor efficiency, played an important role in our performance in the fourth quarter and will continue to do so in 2026. As we look across the business, I'm proud of how our teams navigated a complex and dynamic operating environment. Not only did we win important new business and strengthen key client relationships, we did so while modernizing our systems, advancing our use of AI, and integrating new tools and processes into the way we work. It speaks to the commitment and adaptability of our people, and these efforts position ABM for long-term success. Turning now to the year ahead, We are confident in ABM's momentum heading into fiscal 2026. Demand across our key end markets remain healthy, especially within technical solutions, aviation, and manufacturing and distribution. Combined with a record year of new sales bookings, the major aviation contract win, and a strong backlog, we expect another year of solid organic revenue growth. Our recent agreement to acquire WGN Star will strengthen our position in the fast-growing semiconductor market and will complement our growth in the strategic space. In addition, our restructuring actions, disciplined cost management, and our 2025 share repurchases enhance the earning power of the enterprise. With these tailwinds, we expect fiscal 2026 organic revenue growth of 3% to 4%. and adjusted EPS to be in the range of $3.85 to $4.15 before any potential positive or negative impact from prior year self-insurance adjustments.

With that, I'll turn it over to David to walk through the financial results in more detail.