ABM Industries Incorporated (NYSE:ABM) Q3 2023 Earnings Conference Call September 7, 2023 8:30 AM ET

Company Participants

Paul Goldberg - Senior Vice President, Investor Relations

Scott Salmirs - President and Chief Executive Officer

Earl Ellis - Executive Vice President and Chief Financial Officer

Conference Call Participants

Samuel Kusswurm - William Blair

Faiza Alwy - Deutsche Bank

Andrew Wittmann - Baird

Nicholas Breckenridge - KeyBanc Capital Markets

Marc Riddick - Sidoti

Joshua Chan - UBS

David Silver - CL King

Operator

Greetings and welcome to the ABM Industries Inc. Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Paul Goldberg, Senior Vice President, Investor Relations. Thank you. You may begin.

Paul Goldberg

Good morning, everyone, and welcome to ABM's Third Quarter 2023 Earnings Call. My name is Paul Goldberg, and I'm the Senior Vice President of Investor Relations at ABM. With me today are Scott Salmirs, our President and Chief Executive Officer; and Earl Ellis, our Executive Vice President and Chief Financial Officer.

Please note that earlier this morning, we issued our press release announcing our third quarter 2023 financial results. A copy of that release and accompanying slide presentation can be found on our website abm.com.

After Scott and Earl's prepared remarks, we will host the Q&A session. But before we begin, I would like to remind you that our call and presentation today contain predictions, estimates, and other forward-looking statements. Our use of the words, estimates, expects, and similar expressions are intended to identify these statements and they represent our current judgment of what the future holds.

While we believe them to be reasonable, these statements are inherently subject to risks and uncertainties that could cause our actual results to differ materially. These factors are described in the slide that accompanies our presentation as well as in our filings with the SEC.

During the course of this call, certain non-GAAP financial information will be presented. 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 like to now turn the call over to Scott.

Scott Salmirs

Thanks, Paul. Good morning and thank you all for joining us today to discuss our third quarter results. Third quarter revenue grew 3.4% to $2 billion, including 2.5% organic growth. Our aviation, education and manufacturing and distribution segments performed well, driven by robust air travel, new education clients and our strong market positioning in M&D.