8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 15, 2008

ABM Industries Incorporated

(Exact name of registrant as specified in its charter)

Delaware	1-8929	94-1369354
(State or other jurisdiction	(Commission File	(IRS Employer
of incorporation)	Number)	Identification No.)
551 Fifth Avenue, Suite 300, New York, New York		10176
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (212) 297-0200

N/A

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On December 15, 2008, ABM Industries Incorporated (the “Company”) issued a press release announcing financial results related to fiscal year 2008 and the fourth quarter of fiscal year 2008. A copy of the press release is attached as Exhibit 99.1, which is incorporated into this item by reference. A copy of the slides to be presented at the web cast and discussed in the conference call relating to such financial results on December 16, 2008 is being furnished as Exhibit 99.2 to this Form 8-K.

Item 8.01. Other Events.

On December 12, 2008, the Board of Directors of the Company declared a quarterly dividend of $0.13 per share, payable on February 2, 2009 to stockholders of record on January 8, 2009. A copy of the press release announcing the declaration of the dividend is attached as Exhibit 99.1, which is incorporated into this item by reference.

Item 9.01. Financial Statements and Exhibits.

(c)	Exhibits.
99.1	Press Release issued by ABM Industries Incorporated, dated December 15, 2008, announcing financial results related to fiscal year 2008 and the fourth quarter of fiscal year 2008 and the declaration of a dividend.
99.2	Slides of ABM Industries Incorporated, dated December 16, 2008.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ABM INDUSTRIES INCORPORATED
Dated: December 15, 2008	By:	/s/ Sarah H. McConnell
		Sarah H. McConnell
		Senior Vice President and General Counsel

EXHIBIT INDEX

99.1	Press Release issued by ABM Industries Incorporated, dated December 15, 2008, announcing financial results related to fiscal year 2008 and the fourth quarter of fiscal year 2008 and the declaration of a dividend.
99.2	Slides of ABM Industries Incorporated, dated December 16, 2008.

EX-99.1

Exhibit 99.1

551 Fifth Avenue
Suite 300
New York, NY 10176

PRESS RELEASE

Contact:
Investors & Analysts:	David Farwell	Media:	Tony Mitchell
	(415) 733-4040		(212) 297-9828
	dfarwell@abm.com		tony.mitchell@abm.com

For Immediate Release

ABM INDUSTRIES ANNOUNCES FOURTH QUARTER AND FISCAL 2008 FINANCIAL RESULTS

Company Meets EPS Guidance

Quarterly and Annual Revenue Growth Exceeds 30%

Increases Quarterly Dividend by 4%

NEW YORK, NY — December 15, 2008 — ABM Industries Incorporated (NYSE:ABM) today reported revenues of $905.8 million for the fourth quarter of fiscal 2008, a 31% increase over $691.4 million in the year-ago quarter. For the full fiscal year, ABM increased revenues by 34%, to $3.6 billion, compared to fiscal year 2007 revenues of $2.7 billion. Net income was $11.6 million for the fourth quarter of 2008 compared with $15.0 million for the fourth quarter of 2007. Full-year net income was $45.4 million, or $0.88 per diluted share, compared to $52.4 million, or $1.04 per diluted share, for fiscal year 2007. Net income for fiscal year 2008 includes a $7.3 million loss, or $0.15 per diluted share, related to the Company’s former Amtech Lighting Services business.

Income from continuing operations for the fourth quarter of 2008 was $14.8 million compared to $14.8 million in the year-ago quarter. Adjusted income from continuing operations, which excludes items affecting comparability, increased 28% to $18.6 million for the fourth quarter of 2008 compared to $14.5 million in the fourth quarter of 2007. For the full year, the Company reported income from continuing operations of $52.7 million, or $1.03 per diluted share, compared to $50.6 million, or $1.00 per diluted share, in fiscal year 2007. Adjusted income from continuing operations for fiscal year 2008 increased 15% to $56.3 million, or $1.10 per diluted share, compared to fiscal year 2007 adjusted income from continuing operations of $48.8 million, or $0.96 per diluted share. Fiscal year 2008 results for both income from continuing operations and adjusted income from continuing operations were in line with guidance. (See accompanying financial tables for supplemental financial data and corresponding reconciliations to certain GAAP financial measures.)

Operating profit for the fourth quarter of 2008 increased to $25.8 million, up 7% over fourth quarter of 2007 operating profit of $24 million. Operating profit for fiscal year 2008 also rose, to $99.5 million, a 29% increase compared to fiscal year 2007 operating profit of $77.2 million.

New York Stock Exchange Symbol: ABM

The Company’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortization and excluding discontinued operations and items impacting comparability) for the fourth quarter of 2008 was $42.0 million, 52% higher than fourth quarter of 2007 adjusted EBITDA of $27.6 million. Fiscal year 2008 adjusted EBITDA grew by 46% to $133.4 million compared to $91.5 million for fiscal year 2007. (See accompanying financial tables for supplemental financial data and corresponding reconciliations to certain GAAP financial measures.)

“ABM produced strong operating results for the fourth quarter and the fiscal year, despite one of the most historically challenging economic climates for doing business,” said Henrik Slipsager, president and chief executive officer of ABM Industries. “The Company’s double-digit growth in revenues, operating profit and adjusted EBITDA for the full year demonstrates the strength of our businesses. We achieved 3% organic revenue growth in fiscal 2008, excluding OneSource revenues, even with economic deterioration in certain regions and sectors. Our acquisition of OneSource early in the fiscal year enabled us to achieve revenue growth of 34% and adjusted EBITDA growth of 46% for fiscal year 2008, which we believe is a clear indication of our successful integration of this strategic acquisition.”

As previously announced, during the fourth quarter of 2008 the Company completed the sale of substantially all of the operating assets of its Amtech Lighting Services business to Sylvania Lighting Services, a subsidiary of OSRAM SYLVANIA. The proceeds already received from the sale of the lighting business, and amounts anticipated to be realized over time from retained assets, primarily receivables, are expected to total approximately $70 million to $75 million.

Slipsager continued: “Given economic and market conditions, we are conservatively managing resources and expenses. We lowered the Company’s debt by $86 million, to $230 million, compared to the level at January 31, 2008. Operating cash flow from continuing operations improved by $4.7 million for the year, and by $15.1 million compared to the third quarter of 2008. We believe that the combination of continued growth in our core businesses, strong management of cash and operations and our unmatched national footprint in facility services will position us for improved results in fiscal year 2009, despite continued economic weakness.”

The Company also announced that the Board of Directors has declared a first quarter cash dividend of $0.13 per common share payable on February 2, 2009 to stockholders of record on January 8, 2009. This will be ABM’s 171st consecutive quarterly cash dividend, and is $0.005, or 4%, above the $0.125 per share quarterly dividend declared and paid for the first quarter of 2008.

Guidance

In light of the uncertain economic environment, the Company is providing guidance for only the first half of fiscal year 2009. The Company expects income from continuing operations per diluted share in the range of $0.42 to $0.50 for the first half of fiscal year 2009 and, for the same period, adjusted income from continuing operations per diluted share in the range of $0.46 to $0.54. (See accompanying financial tables for supplemental financial data and corresponding reconciliations to certain GAAP financial measures.)

New York Stock Exchange Symbol: ABM

Conference Call Presentation

In connection with the conference call to discuss earnings (see below), a slide presentation related to earnings and operations will be available at the Company’s website at www.abm.com, under the “Investor Relations” tab.

Conference Call

On Tuesday, December 16, 2008, at 9:00 a.m. (EST), ABM will host a live webcast of remarks by President and Chief Executive Officer Henrik C. Slipsager, and Executive Vice President and Chief Financial Officer James S. Lusk. The webcast will be accessible at: http://investor.shareholder.com/media/eventdetail.cfm?eventid=62997&CompanyID=ABM&e=1&mediaKey=C3DA5 A2F31A40959E5A7664D2A8BEF5D. (Due to its length, this URL may need to be copied/pasted into your Internet browser’s address field. Remove the extra space if one exists.)

Listeners are asked to be online at least 15 minutes early to register, as well as to download and install any complementary audio software that might be required.

Following the call, the webcast will be available on the Company’s website at this URL for a period of one year.

In addition to the webcast, a limited number of toll-free telephone lines will also be available for listeners who are among the first to call 877-856-1965 within 15 minutes before the event. Telephonic replays will be accessible during the period from two hours to seven days after the call by dialing 888-203-1112, and then entering ID #5227241.

About ABM Industries

ABM Industries Incorporated (NYSE:ABM), which operates through its subsidiaries (collectively “ABM”), is among the leading providers of facility services in the United States. With fiscal 2008 revenues in excess of $3.6 billion and more than 100,000 employees, ABM provides janitorial, parking, security and engineering services for thousands of commercial, industrial, institutional and retail facilities across the United States, Puerto Rico and British Columbia, Canada. ABM’s business services include ABM Janitorial Services; ABM Engineering Services; ABM Facility Services; Ampco System Parking; and ABM Security Services.

Cautionary Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements that set forth management’s anticipated results based on management’s current plans and assumptions. In addition, the financial results reported in this release continue to be subject to adjustment until filing of the Company’s annual report on Form 10-K for the year ended October 31, 2008. Any number of factors could cause the Company’s actual results to differ materially from those anticipated. These risks and uncertainties include, but are not limited to: (1) slowdown in the Company’s acquisition activity and diversion of management focus from operations as a result of acquisitions or the failure to timely realize anticipated cost savings and synergies from acquisitions; (2) functional delays and resource constraints from the Company’s transition to new information technology systems; (3) disruption in functions affected by the transition to Shared Services Centers and relocation of corporate headquarters from San Francisco to New York City; (4) the inability to collect accounts receivable retained by the Company in connection with the sale of its lighting business, which could result in the Company realizing less than anticipated in connection with the sale of the lighting business; (5) a change in the frequency or severity of claims against the Company, a deterioration in claims management, the cancellation or non-renewal of the Company’s primary insurance policies or a change in our customers’ insurance needs; (6) a change in estimated claims; (7) debt service requirements that cause expense variations and affect cash flow; (8)

New York Stock Exchange Symbol: ABM

continuation of the current economic crisis and a deepening of the current recession which could result in further decline in commercial office building occupancy and rental rates that lowers sales and profitability; (9) turmoil in the credit markets could impact our ability to collect receivables; (10) events or circumstances that may result in impairment of goodwill recognized on the OneSource or other acquisitions; (11) labor disputes that lead to a loss of sales or expense variations; (12) financial difficulties or bankruptcy of a major customer or multiple customers; (13) the loss of long-term customers; (14) intense competition that lowers revenue or reduces margins; (15) an increase in costs that the Company cannot pass on to customers; (16) natural disasters or acts of terrorism that disrupt the Company in providing services; (17) significant accounting and other control costs that reduce the Company’s profitability; (18) the unfavorable outcome in one or more of the several class and representative action lawsuits alleging various wage and hour claims; and (19) other issues and uncertainties that may include: unanticipated adverse jury determinations, judicial rulings or other developments in litigation to which the Company is subject, new accounting pronouncements or changes in accounting policies, changes in U.S. immigration law that raise the Company’s administration costs, labor shortages that adversely affect the Company’s ability to employ entry level personnel, legislation or other governmental action that detrimentally impacts the Company’s expenses or reduces sales by adversely affecting the Company’s customers, a reduction or revocation of the Company’s line of credit that increases interest expense and the cost of capital; and the resignation, termination, death or disability of one or more of the Company’s key executives that adversely affects customer retention or day-to-day management of the Company. Additional information regarding these and other risks and uncertainties the Company faces is contained in the Company’s Annual Report on Form 10-K and in other reports it files from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Information

To supplement ABM’s consolidated financial information, we have presented fourth quarter and full-year income from continuing operations for fiscal 2008 and 2007 and guidance for the first half of fiscal year 2009, as adjusted for items impacting comparability. These adjustments have been made with the intent of providing financial measures that give management and investors a better understanding of the underlying operational results and trends and ABM’s marketplace performance. In addition, we have presented earnings before interest, taxes, depreciation and amortization and excluding discontinued operations and items impacting comparability (adjusted EBITDA) for the fourth quarter and full year of fiscal 2008 and 2007. Adjusted EBITDA is among the indicators management uses as a basis for planning and forecasting future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for financial statements prepared in accordance with generally accepted accounting principles in the United States. (See accompanying financial tables for supplemental financial data and corresponding reconciliations to certain GAAP financial measures.)

— FINANCIAL TABLES FOLLOWING —

###

New York Stock Exchange Symbol: ABM

Financial Schedules

(In thousands, except per share data)

CONDENSED CONSOLIDATED BALANCE SHEET INFORMATION (UNAUDITED)

	October 31,		October 31,
	2008		2007
Assets
Cash and cash equivalents	$	710	$	136,192
Trade accounts receivable, net		473,263		349,195
Other current assets		126,588		99,332
Current assets of discontinued operations		34,508		58,171
Total current assets		635,069		642,890
Goodwill		535,772		234,177
Other intangibles, net		62,179		24,573
Other non-current assets		305,688		173,500
Non-current assets of discontinued operations		11,205		45,533
Total assets	$	1,549,913	$	1,120,673
Liabilities
Current liabilities	$	351,007	$	272,084
Current liabilities of discontinued operations		10,082		17,660
Non-current liabilities		544,773		220,996
Non-current liabilities of discontinued operations		—		4,175
Total liabilities		905,862		514,915
Stockholders’ Equity		644,051		605,758
Total liabilities and   stockholders’ equity	$	1,549,913	$	1,120,673

CONDENSED CONSOLIDATED CASH FLOW INFORMATION (UNAUDITED)

	Quarter Ended October 31,
	2008			2007
Net cash provided by continuing operating activities		28,851			59,709
Net cash provided by discontinued operating activities		624			4,150
Net cash provided by operating activities	$	29,475		$	63,859
Net cash used in continuing investing activities		(7,788	)		(30,619	)
Net cash provided by discontinued investing activities		33,466			86
Net cash provided by (used in) investing activities	$	25,678		$	(30,533	)
Proceeds from exercises of stock options (including income tax benefit)		1,635			1,543
Dividends paid		(6,370	)		(6,002	)
Borrowings from line of credit		152,000			—
Repayment of borrowings from line of credit		(207,000	)		—
Net cash used in financing activities	$	(59,735	)	$	(4,459	)
	Year Ended October 31,
	2008			2007
Net cash provided by continuing operating activities		59,978			55,227
Net cash provided by (used in) discontinued operating activities		6,032			(932	)
Net cash provided by operating activities	$	66,010		$	54,295
Net cash used in continuing investing activities		(454,481	)		(54,534	)
Net cash provided by (used in) discontinued investing activities		33,640			(260	)
Net cash used in investing activities	$	(420,841	)	$	(54,794	)
Proceeds from exercises of stock options (including income tax benefit)		14,620			26,495
Dividends paid		(25,271	)		(23,805	)
Borrowings from line of credit		810,500			—
Repayment of borrowings from line of credit		(580,500	)		—
Net cash provided by financing activities	$	219,349		$	2,690

CONDENSED CONSOLIDATED INCOME STATEMENT INFORMATION (UNAUDITED)

	Quarter Ended October 31,					Increase
	2008			2007		(Decrease)
Revenues	$	905,782		$	691,442		31.0	%
Expenses
Operating		795,706			616,771		29.0	%
Selling, general and administrative		79,955			49,155		62.7	%
Amortization of intangible assets		4,292			1,459		—
Total expenses		879,953			667,385		31.9	%
Operating profit		25,829			24,057		7.4	%
Interest expense		3,265			120		—
Income from continuing operations before income taxes		22,564			23,937		-5.7	%
Provision for income taxes		7,746			9,125		-15.1	%
Income from continuing operations		14,818			14,812		—
Income (loss) from discontinued operations		(3,232	)		203		—
Net income	$	11,586		$	15,015		-22.8	%
Net income per common share — Basic
Income from continuing operations	$	0.29		$	0.29		—
(Loss) Income from discontinued operations		(0.06	)		—		—
	$	0.23		$	0.30		-23.3	%
Net income per common share — Diluted
Income from continuing operations	$	0.29		$	0.29		—
(Loss) Income from discontinued operations		(0.07	)		0.01		—
	$	0.22		$	0.30		-26.7	%
Average Common And Common Equivalent Shares
Basic		50,914			49,988
Diluted		51,711			50,894
Dividends Declared Per Common Share	$	0.125		$	0.12
CONDENSED CONSOLIDATED INCOME STATEMENT INFORMATION (UNAUDITED)
	Year Ended October 31,					Increase
	2008			2007		(Decrease)
Revenues	$	3,623,590		$	2,706,105		33.9	%
Expenses
Operating		3,224,696			2,429,694		32.7	%
Selling, general and administrative		287,650			193,658		48.5	%
Amortization of intangible assets		11,735			5,565		110.9	%
Total expenses		3,524,081			2,628,917		34.1	%
Operating profit		99,509			77,188		28.9	%
Interest expense		15,193			453		—
Income from continuing operations before income taxes		84,316			76,735		9.9	%
Provision for income taxes		31,585			26,088		21.1	%
Income from continuing operations		52,731			50,647		4.1	%
Income (loss) from discontinued operations		(7,297	)		1,793		—
Net Income	$	45,434		$	52,440		-13.4	%
Net Income Per Common Share — Basic
Income from continuing operations	$	1.04		$	1.02		2.0	%
Income (loss) from discontinued operations		(0.14	)		0.04		—
	$	0.90		$	1.06		-15.1	%
Net Income Per Common Share — Diluted
Income from continuing operations	$	1.03		$	1.00		3.0	%
Income (loss) from discontinued operations		(0.15	)		0.04		—
	$	0.88		$	1.04		-15.4	%
Average Common And Common Equivalent Shares
Basic		50,519			49,496
Diluted		51,386			50,629
Dividends Declared Per Common Share	$	0.50		$	0.48

REVENUES AND OPERATING PROFIT BY SEGMENT (UNAUDITED)

	Quarter Ended October 31,						Increase
	2008			2007			(Decrease)
Revenues
Janitorial	$	622,174		$	412,890			50.7	%
Parking		119,003			116,363			2.3	%
Security		84,952			81,348			4.4	%
Engineering		79,070			78,951			0.2	%
Corporate		583			1,890			-69.2	%
	$	905,782		$	691,442			31.0	%
Operating Profit
Janitorial	$	36,074		$	25,006			44.3	%
Parking		5,721			4,974			15.0	%
Security		2,790			2,152			29.6	%
Engineering		5,794			5,456			6.2	%
Corporate		(24,550	)		(13,531	)		81.4	%
Operating profit		25,829			24,057			7.4	%
Interest expense		(3,265	)		(120	)		—
Income from continuing operations before income taxes	$	22,564		$	23,937			-5.7	%
	Year Ended October 31,						Increase
	2008			2007			(Decrease)
Revenues
Janitorial	$	2,492,270		$	1,621,557			53.7	%
Parking		475,349			454,964			4.5	%
Security		333,525			321,544			3.7	%
Engineering		319,847			301,600			6.1	%
Corporate		2,599			6,440			(59.6	)%
	$	3,623,590		$	2,706,105			33.9	%
Operating Profit
Janitorial	$	118,538		$	87,471			35.5	%
Parking		19,438			20,819			(6.6	)%
Security		7,723			4,755			62.4	%
Engineering		19,129			15,600			22.6	%
Corporate		(65,319	)		(51,457	)		26.9	%
Operating profit		99,509			77,188			28.9	%
Interest expense		(15,193	)		(453	)		—
Income from continuing operations before income taxes	$	84,316		$	76,735			9.9	%

ABM Industries Incorporated
Reconciliations of Non-GAAP Financial Measures
(Unaudited)

(in millions, except per share data)

	Quarter ended October 31,						Year ended October 31,
	2008			2007			2008			2007
Reconciliation of Adjusted Income from Continuing Operations to Income from Continuing Operations
Adjusted Income from Continuing Operations	$	18.6		$	14.5		$	56.3		$	48.8
Items Impacting Comparability
Corporate Initiatives/ OneSource Integration Expense		(7.6	)		(1.2	)		(22.1	)		(3.1	)
Insurance Adjustments		7.7			1.7			22.5			1.0
IT Deferred Expense Charge		(6.3	)		—			(6.3	)		—
Gain on Lease Termination		—			—			—			5.0
Total Items Impacting Comparability		(6.2	)		0.5			(5.9	)		2.9
Income Taxes Expense (Benefit)		(2.4	)		0.2			(2.3	)		1.1
Items Impacting Comparability, net of taxes		(3.8	)		0.3			(3.6	)		1.8
Income from Continuing Operations	$	14.8		$	14.8		$	52.7		$	50.6
Reconciliation of Adjusted EBITDA to Net Income
Adjusted EBITDA	$	42.0		$	27.6		$	133.4		$	91.5
Items Impacting Comparability		(6.2	)		0.5			(5.9	)		2.9
Discontinued Operations		(3.2	)		0.2			(7.3	)		1.8
Income Tax		(7.7	)		(9.1	)		(31.6	)		(26.1	)
Interest Expense		(3.3	)		(0.1	)		(15.2	)		(0.5	)
Depreciation and Amortization		(10.0	)		(4.1	)		(28.0	)		(17.2	)
Net Income	$	11.6		$	15.0		$	45.4		$	52.4
Reconciliation of Adjusted Income from Continuing Operations per Diluted Share to Income from Continuing Operations per Diluted Share
Adjusted Income from Continuing Operations per Diluted Share	$	0.36		$	0.28		$	1.10		$	0.96
Items Impacting Comparability, net of taxes		(0.07	)		0.01			(0.07	)		0.04
Income from Continuing Operations per Diluted Share	$	0.29		$	0.29		$	1.03		$	1.00
Diluted Shares		51.7			50.9			51.4			50.6

ABM Industries Incorporated
Reconciliation of Adjusted Income from Continuing Operations per Diluted Share to
Income from Continuing Operations per Diluted Share for the Six Months Ending April 30, 2009

	2009 Low Estimate			2009 High Estimate
	(per diluted share)
Adjusted Income from Continuing Operations per Diluted Share	$	0.46		$	0.54
Adjustments to Continuing Operations (a)		(0.04	)		(0.04	)
Income from Continuing Operations per Diluted Share	$	0.42		$	0.50

(a) The adjustment to continuing operations includes: (i) costs associated with the implementation of a new payroll and human resources information system, the upgrade of the Company’s accounting system, the completion of the corporate move from San Francisco, and the integration costs associated with OneSource aggregating ($0.15) per share, offset by (ii) the positive settlement against a former third party administrator of its workers’ compensation claims in the amount of $0.11 per share. The adjusted estimate is ($0.04.)

EX-99.2

Exhibit 99.2

ABM Industries Incorporated Fourth Quarter and Fiscal 2008 Earnings Conference Call December 16, 2008

3 Agenda Introduction of call participants Henrik C. Slipsager, President & CEO James S. Lusk, EVP and CFO Sarah H. McConnell, SVP & General Counsel 2008 Overview 2008 Financial Review Operating Results 2009 Guidance

5 Forward - Looking Statements Our presentation today contains predictions, estimates and other forward-looking statements. Our use of the words estimate, expect, and similar expressions is intended to identify these statements. These statements represent our current judgment on what the future holds. While we believe them to be reasonable, these statements are subject to risks and uncertainties that could cause our actual results to differ materially. Some of the important factors relating to our business are described in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and Annual Reports on Form 10-K.

7 Statements Relating to Non-GAAP Financial Measures During the course of this presentation, certain non-GAAP financial information will be presented. A reconciliation of those numbers to GAAP financial measures is available on the Company's website under "Investor Relations".

9 Fiscal 2008 Business Overview Achieved 2008 fiscal year guidance for both Income from Continuing Operations and Adjusted Income from Continuing Operations Created unmatched national footprint with acquisition of OneSource Despite challenging economy, double digit growth in revenue and operating profit Prudent management of operations and cash puts Company in strong position for fiscal 2009

11 Fiscal 2008 Performance Highlights Revenues $3.6B Increased more than $900M or 33.9% from FY07 Organic revenue growth over 3% Adjusted EBITDA $133.4M Increased 45.8% from FY07 Double digit growth in all operating divisions Income from Continuing Operations $52.7M Adjusted $56.3M Increased $2.1M or 4.2% from FY07 Increased $7.5M or 15.4% from 2007 Diluted EPS from Continuing Operations $1.03 Adjusted $1.10 Within guidance range previously communicated Operating Cash Flow $60.0M Improved by $4.7M compared to FY07 Long-Term Debt $230M Since completing the purchase of OneSource (quarter ending January 31, 2008), debt reduced by $86M

13 OneSource acquisition Generated more than $800 million in sales in fiscal 2008 Realized approximately $30 million in cost-saving synergies in fiscal 2008; nearly $2 million better than original projection Lighting sale completed in October 2008 Proceeds used to pay down debt; Management able to focus on core operations The Project Transform initiative continues on schedule ABM is positioned to effectively manage future growth when economy rebounds Strategic Initiatives

15 Q4 Financial Results (unaudited) * Reconciliation of Adjusted EBITDA located at the back of this presentation and on ABM's website.

17 FY08 Financial Results (unaudited) * Reconciliation of Adjusted EBITDA located at the back of this presentation and on ABM's website.

19 Strong Balance Sheet (unaudited)

21 Segment Highlights: Janitorial Revenue (in $M) Q407 Q108 Q208 Q308 Q408 East 412.9 606 625.5 638.5 622.2 Operating Profit (in $M) Fourth quarter revenue up 51% compared to 2007 and for the year up 54%; Organic sales growth of 3% Operating profit for the quarter up 45% compared to 2007 and for the year up 36% Despite challenging economy and market conditions, integrated OneSource operations and achieved, on a run rate basis, 91% of previously communicated cost savings synergies Q407 Q108 Q208 Q308 Q408 Operating Profit 25 20.9 29.8 31.7 36.1

23 Segment Highlights: Parking Revenue (in $M) Q407 Q108 Q208 Q308 Q408 East 116.4 118 118.5 119.8 119 Operating Profit (in $M) Q407 Q108 Q208 Q308 Q408 Operating Profit 5 3.9 4.4 5.5 5.7 Fourth quarter revenue up 2% compared to 2007 and for the year up 5% Operating profit for the quarter up 15% compared to 2007 and for the year down 7% because of the $5 million gain recorded in 2007 from lease termination Even with a recession, the parking segment grew year-over-year, demonstrating the benefit of acquiring HealthCare Parking Services of America (HPSA), concentration in managed lots, and increasing the commercial shuttle bus segment of the business

25 Segment Highlights: Security Revenue (in $M) Q407 Q108 Q208 Q308 Q408 East 81.3 80.9 82.3 85.3 84.9 Operating Profit (in $M) Q407 Q108 Q208 Q308 Q408 Operating Profit 2.2 1.4 1.5 2.1 2.8 Revenue for the fourth quarter and year up 4% compared to 2007 comparable periods Operating profit for the quarter up 30% compared to 2007 and for the year up 62% Technology-based approach leading expansion in several vertical markets; entering fiscal 2009 with strong momentum

27 Segment Highlights: Engineering Revenue (in $M) Q407 Q108 Q208 Q308 Q408 East 79 81.8 79.3 79.6 79 Operating Profit (in $M) Q407 Q108 Q208 Q308 Q408 Operating Profit 5.5 3.5 4.3 5.5 5.8 Revenue for the quarter was flat compared to 2007 and for the year up 6% Operating profit for the fourth quarter up 6% compared to 2007 and for the year up 23% because of focus on profitable business, lower insurance costs, and expense reduction Strong sales pipeline for 2009 as Engineering focuses on leveraging outsourcing trend and providing energy services

29 Continued challenging economic and market conditions ABM will continue to follow proven strategies of: Leveraging strong financial condition and national footprint Focusing on outsourcing trends as customers look for integrated solutions Selling energy savings through Engineering platform Conservatively managing resources and expenses Prudently managing working capital and balance sheet Guidance For the first half of fiscal 2009, expect Income from Continuing Operations on a diluted per share basis of $0.42 - $0.50 Expect Adjusted Income from Continuing Operations, which excludes Items Impacting Comparability, on a diluted per share basis of $0.46 - $0.54* FY09 Outlook * Reconciliation of Adjusted Income from Continuing Operations per Diluted Share to Income from Continuing Operations per Diluted Share for the Six Months Ending April 30, 2009 is located at the back of this presentation and on ABM's website.

31 Appendix - Reconciliation (unaudited)

33 Appendix - Reconciliation