Jasper Beon's questions to ABM INDUSTRIES INC /DE/ (ABM) leadership • Q4 2024
Question
Jasper Beon asked for more detail on the fiscal 2025 revenue growth outlook and cadence, an update on the ERP implementation roadmap, and commentary on current labor cost inflation and recovery rates.
Answer
President and CEO Scott Salmirs projected a return to growth for B&I in the second half, a flattish year for M&D, strong growth for Aviation, steady growth for Education, and double-digit growth for Technical Solutions. EVP and CFO Earl Ellis noted the ERP is now live for B&I and M&D, with other segments rolling out over 12-18 months. Salmirs added that labor costs have moderated and are highly predictable for the next few years due to recently settled union contracts.