ABM ABM Industries Incorporated

ABM Wins Prestigious Innovative Facility of the Year Award at 2022 NPA Innovation Awards

ABM Wins Prestigious Innovative Facility of the Year Award at 2022 NPA Innovation Awards

ABM’s parking team honored with parking industry’s highest honor for its innovative smart parking implementation for Los Angeles World Airports.

NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility services, parking and transportation management solutions, and electric vehicle (“EV”) charger installations, today announced it was honored with the Innovative Facility of the Year during the 2022 National Parking Association (NPA) Innovation Awards for its landmark integrated smart parking and eMobility solution for Los Angeles World Airports (LAWA) economy parking facility at Los Angeles International Airport (LAX). The honor was presented during the in Austin, Texas.

“The NPA Innovation Awards recognize companies and individuals who demonstrate the highest professionalism and parking best practices while using leadership and state-of-the-art technology to improve safety, sustainability, and bottom line results,” said NPA president Christine Banning, IOM, CAE. “ABM’s smart parking solution at the LAX economy parking garage stood out for its innovation, leadership and ability to enhance the parking experience.”

“We believe our collaboration with LAWA set a new standard, and we are thrilled to now receive the parking industry’s highest honor,” said Scott Hutchison, senior vice president, Operations, ABM. “Our work with LAWA is a great example of how the right technology solution can provide an unparalleled parking experience, while optimizing operational efficiencies and maximizing revenue potential. With our LAX economy parking facility implementation and the subsequent introduction of our , ABM is now firmly positioned at the forefront of revolutionizing the parking industry.”

As one of the largest parking service providers in the country, ABM supports over 2,000 client locations at some of the country’s most iconic commercial buildings, airports, universities, and stadiums with on- and off-street parking facilities. ABM parks over one million vehicles and transports over 4.5 million passengers via shuttles every day while collecting more than $1.5 billion in parking revenue annually for its clients.

The Solution

LAWA opened one of the most advanced economy parking facilities in the country at LAX. Open to the public in October 2021, the new $294.1 million facility is a four-level, 1.7-million-square-foot structure with approximately 4,300 parking stalls and direct transportation to the terminals.

The heart of the new facility is its innovative smart parking integration platform. ABM was the primary partner for the system implementation, and the one source for the implementation and operation of all landside parking operations at LAX. The system is a first-of-its-kind integration platform that brings together the disparate components of the airport parking infrastructure — such as Parking Access and Revenue Control Systems (PARCS), Parking Guidance Systems (PGS), reservations, license plate recognition (LPR), EV charging, and valet management — and transforms them into a harmonized solution sharing data in both directions and resulting in enhanced functionality.

Through this solution by ABM, all the LAX parking facilities systems are working together for the first time, enabling each system’s data to be fed into a single dashboard and operations portal, providing a real-time, complete picture of the parking facility that is accessible to all stakeholders that need it. These data-driven insights inform dynamic pricing, set peak and off-peak rates, and enable real-time price adjustments.

ABM also led one of the largest EV charger installations in the United States installing 1,200 charging stations at LAX.

About ABM

ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility services. A driving force for a cleaner, healthier, and more sustainable world, ABM provides essential services that improve the spaces and places that matter most. From curbside to rooftop, ABM offers a comprehensive array of facility services that includes janitorial, engineering, parking, electrical & lighting, energy solutions, HVAC & mechanical, landscape & turf, and mission critical solutions. ABM delivers these custom facility solutions to properties across a wide range of industries – from commercial office buildings to schools, airports, hospitals, data centers, manufacturing plants and distribution centers, entertainment venues and more. Founded in 1909, ABM serves over 20,000 clients, with annualized revenue exceeding $7 billion and more than 100,000 team members in 350+ offices throughout the United States, United Kingdom and other international locations. For more information, visit .

About NPA

Parking is a multi-billion-dollar industry vital to the life and livelihood of communities across North America. The National Parking Association is North America's leading parking trade organization. Our mission is to serve as the market leader in parking industry research, education, and advocacy that advance the industry, and its leaders and parking professionals. We provide training, certification, and access to leading edge parking technology across the private and public sectors. Founded in 1951, NPA represents over 140,000 parking professionals in more than 2,500 commercial operations and public organizations. Learn more at .

CONTACT

Media:

Michael Valentino



EN
19/09/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ABM Industries Incorporated

ABM Industries Inc: 1 director

A director at ABM Industries Inc sold 37,065 shares at 52.373USD and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...

 PRESS RELEASE

ABM Reports First Quarter Fiscal 2025 Results

ABM Reports First Quarter Fiscal 2025 Results Revenue up 2.2% to $2.1 billion, including organic growth of 1.6%Net income of $43.6 million and earnings per diluted share of $0.69, versus $44.7 million and $0.70 in the prior year, respectively Adjusted net income of $55.3 million and adjusted earnings per diluted share of $0.87, as compared to $54.8 million, or $0.86 in the prior year, respectivelyAdjusted EBITDA of $120.6 million versus $116.7 million in the prior yearIncreases lower end of fiscal 2025 adjusted EPS outlook by $0.05, now projecting full year adjusted EPS between $3.65 to $3....

 PRESS RELEASE

ABM Expands and Extends Credit Agreement

ABM Expands and Extends Credit Agreement Upsized Facility Enhances Financial Flexibility with $1.6 Billion Revolving Credit Facility and $600 Million Term Loan NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- , a leading provider of facility solutions, today announced the successful expansion and extension of its senior secured credit agreement. The expanded credit facility now totals $2.2 billion, comprising a $1.6 billion revolving credit facility and a $600 million amortizing term loan, with a maturity date of February 26, 2030. The amended facility replaces ABM’s prior credit agreemen...

 PRESS RELEASE

ABM to Announce First Quarter 2025 Financial Results

ABM to Announce First Quarter 2025 Financial Results Conference Call to be Held on March 12, 2025, at 8:30 AM (ET) NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- , a leading provider of facility solutions, today announced that it will release its financial results for the Company’s fiscal first quarter 2025 on Wednesday, March 12, 2025, before market open. ABM will host its quarterly conference call for all interested parties on Wednesday, March 12, 2025, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors’ section of the Company’s website, , or b...

 PRESS RELEASE

ABM Launches New Brand Platform Reinforcing Transformation as an Innov...

ABM Launches New Brand Platform Reinforcing Transformation as an Innovative and Tech-Enabled Solutions Provider Highlighting a Legacy of Excellence, ABM's New Brand Platform Reflects a Commitment to Cutting-edge Facilities and Engineering & Infrastructure Solutions Across a Comprehensive Suite of Hard and Soft Services NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- , a leading provider of facility, engineering, and infrastructure solutions, has unveiled its new brand platform: “Driving possibility, together.” This new positioning emphasizes ABM’s evolution as a future-focused, innovative...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch