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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

Pay Versus Performance Table

Year

Summary Compensation Table Total for PEO(1)

Compensation Actually Paid
to PEO
(1)(2)

Average Summary Compensation Table Total for Non-PEO Named Executive Officers(1)

Average Compensation Actually Paid to Non-PEO Named Executive Officers(1) (2)

Value of Initial Fixed $100 Investment Based On:

Net Income
($ millions)

Adjusted Net Income(4)

($ millions)

 

 

 

 

 

Total Shareholder Return(3)

Peer Group Total Shareholder Return(3)

 

 

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

2024

$8,686,980

$11,631,629

$3,698,813

$3,971,054

$160.78

$200.65

$81.4

$226.4

2023

$8,253,602

$5,335,253

$2,912,020

$2,089,755

$119.83

$145.35

$251.3

$231.9

2022

$8,336,757

$8,902,035

$2,865,096

$2,965,287

$132.79

$129.03

$230.4

$245.5

2021

$7,556,634

$13,980,283

$2,895,786

$3,692,270

$128.94

$139.99

$126.3

$240.1

(1) Scott Salmirs served as our principal executive officer (“PEO”) for the full fiscal year for each of 2024, 2023, 2022, and 2021. For fiscal year 2024, our non-PEO NEOs included Mr. Ellis, Mr. Feinberg, Mr. Jacobsen, Ms. Newborn, and Mr. Valentín. For fiscal years 2023 and 2022, our non-PEO named executive officers (“NEOs”) included Mr. Ellis, Mr. Feinberg, Mr. Jacobsen, and Ms. Newborn. For fiscal year 2021, our non-PEO NEOs included Mr. Ellis, Dean A. Chin, Mr. Feinberg, Mr. Jacobsen, and Ms. Newborn.

(2) The dollar amounts in columns (c) and (e) represent the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. Compensation Actually Paid does not represent cash and/or equity value realized or paid to ABM’s PEO or NEOs, but rather is a value calculated under applicable SEC rules. For each of fiscal year 2024, 2023, 2022, and 2021, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:

PEO SCT Total to Compensation Actually Paid Reconciliation

Fiscal Year

2021

2022

2023

2024

SCT Total for PEO (column (b))

$7,556,634

$8,336,757

$8,253,602

$8,686,980

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

$0

- SCT “Stock Awards” column value

$4,454,996

$5,499,957

$5,750,227

$5,749,575

- SCT “Option Awards” column value

$0

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,819,970

$5,910,698

$4,650,057

$7,360,856

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,438,209

($39,367)

($2,204,359)

$695,070

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$1,236,235

($205,505)

$176,327

$341,598

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

$0

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$384,231

$399,409

$209,853

$296,700

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

$0

Compensation Actually Paid to PEO (column (c))

$13,980,283

$8,902,035

$5,335,253

$11,631,629

Non-PEO NEO Average SCT Total to Average Compensation Actually Paid Reconciliation

Fiscal Year

2021

2022

2023

2024

Average SCT Total for Non-PEO NEOs (column (d))

$2,895,786

$2,865,096

$2,912,020

$3,698,813

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

$0

- SCT “Stock Awards” column value

$1,365,593

$1,402,456

$1,581,287

$1,739,859

- SCT “Option Awards” column value

$0

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$1,502,347

$1,507,193

$1,278,745

$1,837,163

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$475,245

($19,548)

($613,616)

$135,875

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$120,555

($47,588)

$36,346

$114,862

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

$142,775

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$63,930

$62,590

$57,547

$66,975

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

$0

Average Compensation Actually Paid to Non-PEO NEOs (column (e))

$3,692,270

$2,965,287

$2,089,755

$3,971,054

(3) For each year, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on October 30, 2020 and in accordance with Items 201(e) and 402(v) of Regulation S-K. For purposes of this pay versus performance disclosure, the Peer Group for which Total Shareholder Return is provided in column (g) is the S&P Composite 1500 – Commercial Services and Supplies industry index (the “Peer Group”). Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.

(4) Adjusted Net Income is a non-GAAP measure. A reconciliation to the nearest GAAP measure, Net Income, is set forth in Appendix C.

     
Company Selected Measure Name Adjusted Net Income      
Named Executive Officers, Footnote (1) Scott Salmirs served as our principal executive officer (“PEO”) for the full fiscal year for each of 2024, 2023, 2022, and 2021. For fiscal year 2024, our non-PEO NEOs included Mr. Ellis, Mr. Feinberg, Mr. Jacobsen, Ms. Newborn, and Mr. Valentín. For fiscal years 2023 and 2022, our non-PEO named executive officers (“NEOs”) included Mr. Ellis, Mr. Feinberg, Mr. Jacobsen, and Ms. Newborn. For fiscal year 2021, our non-PEO NEOs included Mr. Ellis, Dean A. Chin, Mr. Feinberg, Mr. Jacobsen, and Ms. Newborn.      
Peer Group Issuers, Footnote

(3) For each year, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on October 30, 2020 and in accordance with Items 201(e) and 402(v) of Regulation S-K. For purposes of this pay versus performance disclosure, the Peer Group for which Total Shareholder Return is provided in column (g) is the S&P Composite 1500 – Commercial Services and Supplies industry index (the “Peer Group”). Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.

     
PEO Total Compensation Amount $ 8,686,980 $ 8,253,602 $ 8,336,757 $ 7,556,634
PEO Actually Paid Compensation Amount $ 11,631,629 5,335,253 8,902,035 13,980,283
Adjustment To PEO Compensation, Footnote

(2) The dollar amounts in columns (c) and (e) represent the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. Compensation Actually Paid does not represent cash and/or equity value realized or paid to ABM’s PEO or NEOs, but rather is a value calculated under applicable SEC rules. For each of fiscal year 2024, 2023, 2022, and 2021, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:

PEO SCT Total to Compensation Actually Paid Reconciliation

Fiscal Year

2021

2022

2023

2024

SCT Total for PEO (column (b))

$7,556,634

$8,336,757

$8,253,602

$8,686,980

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

$0

- SCT “Stock Awards” column value

$4,454,996

$5,499,957

$5,750,227

$5,749,575

- SCT “Option Awards” column value

$0

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,819,970

$5,910,698

$4,650,057

$7,360,856

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$4,438,209

($39,367)

($2,204,359)

$695,070

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$1,236,235

($205,505)

$176,327

$341,598

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

$0

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$384,231

$399,409

$209,853

$296,700

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

$0

Compensation Actually Paid to PEO (column (c))

$13,980,283

$8,902,035

$5,335,253

$11,631,629

     
Non-PEO NEO Average Total Compensation Amount $ 3,698,813 2,912,020 2,865,096 2,895,786
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,971,054 2,089,755 2,965,287 3,692,270
Adjustment to Non-PEO NEO Compensation Footnote

(2) The dollar amounts in columns (c) and (e) represent the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. Compensation Actually Paid does not represent cash and/or equity value realized or paid to ABM’s PEO or NEOs, but rather is a value calculated under applicable SEC rules. For each of fiscal year 2024, 2023, 2022, and 2021, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:

Fiscal Year

2021

2022

2023

2024

Average SCT Total for Non-PEO NEOs (column (d))

$2,895,786

$2,865,096

$2,912,020

$3,698,813

- Aggregate change in actuarial present value of pension benefits

$0

$0

$0

$0

+ Service cost of pension benefits

$0

$0

$0

$0

+ Prior service cost of pension benefits

$0

$0

$0

$0

- SCT “Stock Awards” column value

$1,365,593

$1,402,456

$1,581,287

$1,739,859

- SCT “Option Awards” column value

$0

$0

$0

$0

+ Fair Value at Fiscal Year-End of Equity Awards Granted in the Covered Fiscal Year That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$1,502,347

$1,507,193

$1,278,745

$1,837,163

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Were Outstanding and Unvested as of the Covered Fiscal Year-End

$475,245

($19,548)

($613,616)

$135,875

+ Fair Value at Vesting Date of Equity Awards Granted and Vested in the Covered Fiscal Year

$0

$0

$0

$0

+/- Change in Fair Value of Equity Awards Granted in Prior Fiscal Years That Vested During the Covered Fiscal Year

$120,555

($47,588)

$36,346

$114,862

- Fair Value as of Prior Fiscal Year-End of Equity Awards Granted in Prior Fiscal Years That Failed to Vest During the Covered Fiscal Year

$0

$0

$0

$142,775

+ Dollar Value of Dividends or Other Earnings Paid Prior to the Vesting Date on Equity Awards During the Covered Fiscal Year

$63,930

$62,590

$57,547

$66,975

+ Excess Fair Value for Equity Award Modifications

$0

$0

$0

$0

Average Compensation Actually Paid to Non-PEO NEOs (column (e))

$3,692,270

$2,965,287

$2,089,755

$3,971,054

     
Compensation Actually Paid vs. Total Shareholder Return

img178414695_36.jpg

     
Compensation Actually Paid vs. Net Income

img178414695_37.jpg

     
Compensation Actually Paid vs. Company Selected Measure

img178414695_38.jpg

     
Tabular List, Table

Tabular List

The following table lists the four financial performance measures that we believe represent the most important financial performance measures we use to link compensation actually paid to our NEOs for fiscal year 2024 to our performance.

Most Important Performance Measures

Adjusted Net Income
Organic Revenue
Adjusted EBITDA
Revenue
     
Total Shareholder Return Amount $ 160.78 119.83 132.79 128.94
Peer Group Total Shareholder Return Amount 200.65 145.35 129.03 139.99
Net Income (Loss) $ 81,400,000 $ 251,300,000 $ 230,400,000 $ 126,300,000
Company Selected Measure Amount 226,400,000 231,900,000 245,500,000 240,100,000
PEO Name Scott Salmirs Scott Salmirs Scott Salmirs  
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted Net Income      
Non-GAAP Measure Description Adjusted Net Income is a non-GAAP measure. A reconciliation to the nearest GAAP measure, Net Income, is set forth in Appendix C.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Organic Revenue      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Measure:: 4        
Pay vs Performance Disclosure        
Name Revenue      
PEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0
PEO | Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Pension Adjustments Prior Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,360,856 4,650,057 5,910,698 4,819,970
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 695,070 (2,204,359) (39,367) 4,438,209
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 341,598 176,327 (205,505) 1,236,235
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 296,700 209,853 399,409 384,231
PEO | "Option Awards" Column Value        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | "Stock Awards" Column Value        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (5,749,575) (5,750,227) (5,499,957) (4,454,996)
PEO | Excess Fair Value for Equity Award Modifications        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Pension Adjustments Prior Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Equity Awards Adjustments        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,837,163 1,278,745 1,507,193 1,502,347
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 135,875 (613,616) (19,548) 475,245
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 114,862 36,346 (47,588) 120,555
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 142,775 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 66,975 57,547 62,590 63,930
Non-PEO NEO | "Stock Awards" Column Value        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,739,859 1,581,287 1,402,456 1,365,593
Non-PEO NEO | Excess Fair Value for Equity Award Modifications        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0