ABM ABM Industries Incorporated

ABM Projected to Save GSA Southeast Sunbelt Region 4 an Estimated $34.3 Million

ABM Projected to Save GSA Southeast Sunbelt Region 4 an Estimated $34.3 Million

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) -- , a leading provider of facility solutions, has initiated an additional Energy Savings Performance Contract (ESPC) for the U.S. General Services Administration (GSA). Over the 20-year period, ABM’s energy performance contract is projected to save an estimated $34.3 million generated by a projected average energy reduction of 37% for nine federal facilities in Alabama, Mississippi, and North Carolina. The project includes ventilation system upgrades to improve indoor air quality (IAQ) in all nine facilities.

“Indoor air quality is a concern for every employer and employee today, public and private,” said Mark Hawkinson, President of ABM Technical Solutions. “I’m happy we can create the savings they need to address these capital improvements to make sure these ventilation upgrades happen.”

As of this project, ABM has provided custom energy solutions to GSA totaling more than $100 million of capital invested. ABM has previously implemented a multiple-phase ESPC for GSA in Los Angeles, California, with the most recent phase described .

ABM’s enables federal entities and others, such as schools and local governments, to invest in critical facility needs like air quality, infrastructure, and sustainability goals. The program is designed to drive costs out of a facility’s operating budget, redirecting savings to fund mission critical facility needs. outlines how ABM provides custom technical and financial solutions for government facilities without upfront costs or tax increases.

The project will restore a solar photovoltaic system de-energized due to unrepaired solar panel damage, saving much of the existing equipment. A new design will introduce redundancy to avoid shutdowns, including a monitoring system to help prevent and diagnose issues before they arise. HVAC renovations will significantly improve IAQ with better control of outdoor air, including more efficient use of fan energy and increased delivery of fresh air. Highlights of the project also include:

  • Optimizing chillers and boilers to improve energy efficiency
  • Retrofitting lighting with energy-saving LED lighting
  • Capital improvements to resolve issues impacting air quality and energy savings
  • Installing water conservation upgrades
  • Replacing high-efficiency transformers in electrical power distribution systems

The project includes upgrades to historic courthouses and provides new and upgraded Building Automation System (BAS) infrastructure and platforms to five of the nine locations, providing GSA centralized, real-time monitoring, analytics, and performance data. The BAS upgrades include advanced controls that enable significant reductions in the energy use of connected HVAC systems. The nine facilities are:

  • Dan M. Russell Jr. Courthouse, Gulfport, MS
  • Frank M. Johnson Jr. Federal Building & U.S. Courthouse, Montgomery, AL
  • Hiram H. Ward Federal Building & U.S. Courthouse, Winston-Salem, NC
  • L.R. Preyer Federal Building-Post-Office-Courthouse, Greensboro, NC
  • Terry Sanford Federal Building & U.S. Courthouse, Raleigh, NC
  • Thad Cochran U.S. Courthouse, Jackson, MS
  • U.S. Courthouse, Oxford, MS
  • Veach-Baley Federal Complex, Asheville, NC
  • William M. Colmer Federal Building & U.S. Courthouse, Hattiesburg, MS

For more information on ABM’s Energy Savings Performance Contracts and other offerings, visit .  

CONNECT WITH ABM

ABOUT ABM

is a leading provider of facility solutions with revenues of approximately $6.5 billion and more than 140,000 employees in 350+ offices throughout the United States and various international locations. ABM’s comprehensive capabilities include janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions and parking, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes - from schools and commercial buildings to hospitals, data centers, manufacturing plants and airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit .

CONTACT

Media:

Kristy Miller

(678) 268-4242

Investor Relations & Treasury:

Susie A. Kim

(212) 297-9721

EN
12/11/2020

Underlying

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

Reports on ABM Industries Incorporated

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

 PRESS RELEASE

Barry Hytinen Appointed to ABM’s Board of Directors

Barry Hytinen Appointed to ABM’s Board of Directors NEW YORK, Oct. 30, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility, engineering, and infrastructure solutions, today announced the appointment of Barry Hytinen to its Board of Directors. Mr. Hytinen currently serves as Executive Vice President and Chief Financial Officer of Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services. He has more than two decades of experience in corporate finance, strategic transformation, and operational leadership across a range of industries. ...

 PRESS RELEASE

ABM Reports Fiscal Third Quarter 2025 Results and Comments on Fiscal 2...

ABM Reports Fiscal Third Quarter 2025 Results and Comments on Fiscal 2025 Outlook Revenue up 6.2% to $2.2 billion, including organic growth of 5.0% Net income of $41.8 million and earnings per diluted share of $0.67, versus $4.7 million and $0.07 in the prior year, respectively Adjusted net income of $51.7 million and adjusted earnings per diluted share of $0.82, versus $53.6 million, or $0.84 in the prior year, respectivelyAdjusted EBITDA up 5% to $125.8 millionOperating cash flow up 120.1% to $175.0 million and free cash flow up 134.3% to $150.2 millionBoard approves a $150 million increa...

 PRESS RELEASE

ABM to Announce Third Quarter 2025 Financial Results

ABM to Announce Third Quarter 2025 Financial Results Conference Call to be Held on September 5, 2025, at 8:30 AM (ET) NEW YORK, Aug. 22, 2025 (GLOBE NEWSWIRE) -- , a leading provider of facility solutions, today announced that it will release its financial results for the Company’s fiscal third quarter 2025 on Friday, September 5, 2025, before market open. ABM will host its quarterly conference call for all interested parties on Friday, September 5, 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, , o...

 PRESS RELEASE

ABM Among 60 Best Companies to Sell For 2025

ABM Among 60 Best Companies to Sell For 2025 The leading facility, engineering and infrastructure provider recognized for sales culture excellence NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of integrated facility, engineering, and infrastructure solutions announced today it has been included on Selling Power Magazine’s list of . This is the fourth consecutive year ABM has earned the recognition. More than 200 companies were analyzed across key categories, including: Company OverviewCompensation and BenefitsHiring, Sales Training & Sales EnablementC...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch